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Financial
assistance for setting up food processing units: Mahant
Tuesday August 02, 2011 06:00:22 PM,
IANS
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New Delhi: The
government Tuesday said it would provide financial assistance to
entrepreneurs for setting up food processing industries to avoid
wastage of perishable products.
"The assistance is available to all states of the country
including hilly states," Charan Das Mahant, minister of state for
food processing industries informed the Lok Sabha in a written
reply to a question.
Under the scheme, financial assistance is provided in the form of
grants for 33.33 percent of the total investment made for the
plant, machinery and technical civil works.
"A maximum of Rs.75 lakh in the difficult areas, including hilly
states (is provided)," the minister said.
The minister also informed the house that under the 'Horticulture
Mission for North East and Himalayan States', financial assistance
in grants worth 50 percent of the total cost of plant, machinery
and technical civil works would be provided.
"A maximum of Rs.4.00 crore (up to Rs.1.00 crore for upgradation
of the existing units) is provided," the minister said.
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