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Steps Taken by the Centre to Promote Food Processing Industries in the North East

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..... Steps Taken by the Centre to Promote Food Processing Industries in the North East - News and Press Release Dated:- 7-12-2012 - News - Press Information Bureau Government of India Ministry of Agriculture 07-December-2012 15:38 IST The Ministry of Food Processing Industries in coordination with Small Farmers' Agri-Business Consortium (SFAC) under Ministry of Agriculture is implemen .....

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..... ting Mini Mission-IV under Horticulture Mission for North-East Himalayan States. 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/modernization of existing units is available to industries involved in processing of horticultural produce in the above States. F .....

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..... urther, this scheme is operational during 2012-13 also. Funds under the scheme are disbursed through SFAC to the beneficiaries. Small Farmers' Agri-Business Consortium (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 e .....

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..... quity or Rs. 75 lakhs, whichever is lower is provided. Under the Centrally Sponsored Scheme National Mission on Food Processing (NMFP), the Ministry of Food Processing Industries 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 .....

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..... civil works subject to a maximum of Rs. 50.00 lakhs in general areas, or @33.33% subject to maximum of Rs. 75.00 lakhs 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. This information was given .....

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..... by Dr. Charan Das Mahanta, Minister of State for Agriculture and Food Processing Industries in written reply to a question in the Lok Sabha today. MP: DS: CP: small farmers(07.12.2012) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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