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POLICY & REGULATIONS

MoFPI and SFAC implementing Mini Mission-IV under horti mission: Mahant
Saturday, 08 December, 2012, 08 : 00 AM [IST]
Our Bureau, New Delhi
The ministry of food processing industries (MoFPI) in coordination with Small Farmers` Agri-Business Consortium (SFAC) under ministry of agriculture is implementing Mini Mission-IV under Horticulture Mission for North-East & Himalayan States.

This information was given by Charan Das Mahant, minister of state for agriculture and food processing industries, in written reply to a question in the Lok Sabha on Friday.

Under the Mini Mission-IV component of this scheme, assistance at higher rates i.e. @ 50% upto Rs 4 crore for setting up of new food processing units and upto Rs 1 crore for upgradation / modernisation of existing units is available to industries involved in processing of horticultural produce in the above states. Further, this scheme is operational during 2012-13. Funds under the scheme are disbursed through SFAC to the beneficiaries.

SFAC provides soft loan under Venture Capital Assistance Scheme in the country including North-Eastern Region. Under this scheme, venture capital for agri-projects upto 10% of the total project cost or 26% of the total project equity or Rs 75 lakh, whichever is lower is provided.

Under the Centrally Sponsored Scheme – National Mission on Food Processing (NMFP), the MoFPI extends financial assistance to food processing units including fruits & vegetables units in the form of grants-in-aid to the implementing agencies / entrepreneurs @25% of the cost of plant and machinery and technical civil works subject to a maximum of Rs 50 lakh in general areas, or @33.33% subject to maximum of Rs 75 lakh in difficult areas such as Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Sikkim and North-Eastern States, A&N Islands, Lakshadweep and ITDP areas in the country. The same pattern of assistance is available under NMFP through states / UT governments.
 
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