Good news for people who want to start or grow their food processing businesses! The Ministry of Food Processing Industries (MOFPI) has a plan to give money to help you. This plan is a part of the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY).
What can you get from this plan?
- If you want to build a place to process food (like a factory), you can get 35% to 50% of the money you need, up to a maximum of Rs. 10.00 Crore.
- If you want to make or grow food processing and storage facilities, you can also get 35% to 50% of the money you need, up to a maximum of Rs. 5.00 Crore.
- If you want to create a cold storage place or improve food quality, you can get 35% to 50% of the money you need, up to a maximum of Rs. 10.00 Crore.
- If you need a lab to test food, you can get 50% to 70% of the money needed, and there's no limit on the maximum amount you can get.
- If you want to be a part of "Operation Greens," you can get 35% to 50% of the money you need, up to a maximum of Rs. 15.00 Crore.
Who can apply for this help?
Anyone who wants to start or grow a food processing business can apply. But your money and assets must be at least 100% to 150% of what you ask for in the plan.
What do you need to do to get ready?
Before you apply, you need to
- Decide where you want to build your factory.
- Register the land you need.
- Know what food products you want to make and how much.
- Get prices for the equipment and things you need.
- Make a plan for how your factory will look.
- Figure out the cost of your building.
How to apply:
You can apply for this help online through the MOFPI website. The last day to say you want the money is November 22, 2023.
In simple words
The government wants to give money to people who want to start or grow their food businesses. You can get money for things like building factories, buying machines, and making sure food stays fresh. Anyone can ask for the money, but you must show how much you need and what you will do with it.
You have until November 22, 2023, to apply, so start getting ready if you're interested.
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