The main objective of the scheme is to increase the level of processing, reduction of wastage, value addition, enhance the income of farmers as well as increase exports thereby resulting in overall development of food processing sector. The scheme envisages to extend the financial assistance for establishment of new food processing units in the state.
Food processing sectors specifically Agriculture, Horticulture and Milk Produce Processing Projects. However applications received for units in the Negative list will not be entertained.
All implementing agencies/organizations such as Govt./PSUs/Joint ventures / NGOs / Cooperatives/ SHGs / Private Sector /Individuals engaged in establishment / up gradation / modernization of food processing units would be eligible for financial assistance under the scheme.
The scheme envisages financial assistance to food processing units in the form of grant- in-aid 25% of the cost of Plant & Machinery and technical civil works, subject to a maximum of Rs.50 lakhs.