A cold storage business is a valuable business. The government is implementing schemes under financial assistance and offering subsidies. What is the subsidy on cold storage in Gujarat?
The government does not set its cold storage facility or warehouse. However, the government is offering financial support to set up cold storage. It is helpful to store agricultural produce including perishable horticulture produce, throughout the country.
DAC&FW (Department of Agriculture Cooperation and Farmers Welfare) implements MIDH (Mission for Integrated Development of Horticulture) providing various horticulture activities. It includes cold storage setting up. The component is entrepreneur or demand-driven, and the best part is that you receive Government assistance. Setting up cold storage is a huge investment, and it is also coming with the subsidy benefit. There is also a NABARD subsidy for Cold storage.
The cold storage in Gujarat is credit linked subsidy as the back end is available at 35%, as per the project cost. The same is at 50% in scheduled and hilly areas as project cost. Cold storage Under MIDH is sanctioned by committees of the State and Central levels for the purpose under MIDH operational guidance.
Reach or call NSSPL, and they will assist you in maintaining the stock-supply chain and managing the inventory continuously.
What is the investment required for cold storage?
A cold storage business investment at the minimum is Rs. 30-40 lakh. As per the budget, you can decide before choosing the cold storage room type. The facility of cold storage includes single and multiple products. Items require cold storage of vegetables, fruits, poultry, meat products, and fish.
The biggest opportunity is for the aspirants of cold storage projects. The central government has launched the cold storage project a beneficial scheme. Investors planning to set up a cold storage unit can go ahead with this scheme. Even small entrepreneurs considering current unit expansion are eligible for a grant in aid scheme under this plan. An Rs. 10 crores maximum is given, and a subsidy is available. What is a subsidy on cold storage in Gujarat; and its assistance pattern may be understood, for the best.
The government assistance is as follows:
- For storage infrastructure, it includes Precooling unit and Pack House, ripening chamber, and infrastructure with 35% aid.
- For processing infrastructure and value addition, it includes deep freezers or frozen storage integral to the processing.
- For irradiation facilities aid is provided at 50%.
The cold storages for a 5000MT capacity are eligible under MIDH assistance. The project sanction powers are up to Rs. 500 lakh cost for cold storage setting up. Projects up to 5000MT capacity receive approval from the EMC (Empowered Monitoring Committee). However, to seek assistance under MIDH cold storage, a promoter is essential to give the proposal to State Horticulture Mission. After the approval, check for NABARD subsidy for Cold storage.
Importance of subsidy on cold storage
Subsidies are crucial for cold storage. The Central and State governments offer subsidies ranging from 35 to 50% for cold storage. The benefits are given by the Government of India.
Ministry of Food Processing Industries implements an Integrated Cold Chain scheme, preservation Infrastructure, and Value Addition. The aim is to reduce the loss of non-horticulture and horticulture produce to provide a remunerative price for their produce. Ministry gives financial assistance, under this scheme as a grant-in-aid for general areas at 35%.
The cold chain can be set up by anyone group of entrepreneurs, individuals, farmer producer organizations, PSUs, Self Help Groups, etc. Bear in mind, that the standalone cold storage does not come under this scheme of availing NABARD subsidy for Cold storage.
Contact NSSPL for the best cold storage solutions, and they meet the stringent quality and requirements of efficiency. They provide solutions exceeding technical specifications and meeting the facility’s cooling needs.
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