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Policy & Regulations

MoFPI and SFAC implementing Mini Mission-IV under horti mission: Mahant
Saturday, December 08, 2012 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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