Updated on December 16, 2024 12:25:39 PM
The Ministry of Food Processing Industries (MoFPI) of the Government of India implemented the FPI subsidy in Odisha for businesses in the Food Processing Industry with an aim to expand the business in Odisha. The FPI subsidy in Odisha is offered to businesses as reimbursement based on the investment they made over equipment, establishment, transport and more. The FPI subsidy in Odisha is beneficiary for businesses in State Food Parks at strategic locations such as, Deogarh, Bhadrak, Bargarh, Nawrangpur (Maize Park), Sambalpur, Ganjam, Bolangir, Kandhamal and Kalahandi over a minimum land area of 25 acre each promoted by State Government through IDCO/ OSIC/ private agencies.
The FPI Subsidy in Odisha for MSMEs units in industrially backward districts including KBK or Up to Rs 10 lakhs for units engaged in recycling of E-waste, Hospital waste, Construction & demolition waste. The FPI subsidy in Odisha is implemented by the MoFPI that focuses on expansion of business to provide jobs for the locals and boost the economic growth of Odisha.
The Ministry of Food Processing Industries (MoFPI) offers the FPI Subsidy in Odisha as an initiative to promote engagement in the Food Processing Industry by providing financial assistance and incentives to the businesses for economic growth of the state. FPI subsidy in Odisha aids the eligible businesses with financial assistance and incentives for investments, interest rates, power, land and infrastructure and more. Businesses need to track their investment, location, production scale and number of jobs they will create for domiciles of Odisha to redeem the most suitable FPI subsidy plan.
The Ministry of Food Processing Industry (MoFPI) implemented the FPI Subsidy in Odisha to boost the economic development of the state by attracting investments and generating employment. The FPI subsidy in Odisha reduces operational costs, expands business, creates job opportunities and promotes entrepreneurship for development of the Food Processing Industry in the state. Some of the benefits of the FPI subsidy in Odisha for development of the Food Processing Industry (FPI) are written below.
Under the FPI subsidy in Odisha, maximum subsidy amount to prevent exploitation or unfairness of the intermediary. The FPI subsidy in Odisha is categorized under 11 programs which are:
Capital Subsidy
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 35% | Up to ₹5 crore | For cold chain, value addition and preservation infrastructure for non-horticultural produce or for primary processing centers/collection centers |
Assistance for Reefer Vehicles
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 35% of the cost of standalone New Reefer Vehicle(s) / Mobile pre-cooling van(s) | Up to a maximum of ₹25.00 lakh | For carrying & transporting both Horticultural & non-Horticultural produce |
Assistance to Entrepreneurs
| Maximum Subsidy Rate | Maximum Subsidy Amount |
|---|---|
| 50% of the expenditure | Up to a maximum of ₹5.00 lakh |
Assistance for Mega Food Park
| Maximum Subsidy Rate | Maximum Subsidy Amount |
|---|---|
| Up to 20% of the project cost | Limited to ₹15 crore |
Assistance to ULBs for Modernization of Meat Shops
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 35% of cost of machinery | Up to ₹5 lakh | NA |
| 50% of cost of machinery | Up to ₹5 lakh | Only in industrially backward districts KBK (Kalahandi-Bolangir-Koraput region) |
Assistance for Human Resource Development
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| One-time grant of 50% of the cost | Up to ₹1 crore | Only to University/Institute for courses in Food Processing |
Quality Certification
| Maximum Subsidy Rate | Maximum Subsidy Amount |
|---|---|
| 50% of the expenditure | Up to a maximum of ₹2.00 lakh |
Patent Registration
| Maximum Subsidy Rate | Maximum Subsidy Amount |
|---|---|
| 50% of the expenditure | Up to a maximum of ₹5.00 lakh |
Capital Subsidy under Food Processing Policy
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 25% | Up to ₹2 crore | NA |
| 33% | Up to ₹3 crore | For industries setup by SC, ST, Women or in KBK districts (Kalahandi-Bolangir-Koraput region) |
| 25% | Up to ₹5 crore | For Anchor industries |
| 50% | Up to ₹4 crore | For state-of-the-art NABL accredited Food testing labs outside Cuttack, Berhampur & Bolangir |
| 35% | Up to ₹5 crore | For cold chain, value addition and preservation infrastructure for non-horticultural produce or for primary processing centers/collection centers for all produce |
Trademark Assistance
| Maximum Subsidy Rate | Maximum Subsidy Amount |
|---|---|
| 50% of expenditure | Up to ₹25,000 |
Project Report Subsidy
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 2% of project cost | One-time grant of ₹50,000 | Only one, whichever is lower for preparation of DPR/detailed feasibility report |
The FPI Subsidy in Odisha was implemented with the goal to boost the economy and financial status of local businesses in the region. The following are some of the features of FPI subsidy in Odisha:
The additional information regarding the FPI subsidy in Odisha in the Food Processing Industry (FPI) is written below.
The FPI subsidy in Odisha was implemented by the Ministry of Food Processing Industries (MoFPI) of the Government of India to promote business growth and economic development of the region. The FPI subsidy in Odisha supports businesses by reducing expenses, expanding business and creating job opportunities. The FPI subsidy in Odisha offers financial assistance and incentives to businesses which include Capital Subsidy, Assistance for Reefer Vehicles, Entrepreneurs, Mega Food Park, ULBs for Modernization of Meat Shops, Human Resource Development and more. The FPI Subsidy in Odisha allows businesses to engage in the Food Processing Industry to support the economic growth and development of the state.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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The FPI subsidy in Odisha aims to boost the business growth and economic development in the state by offering financial assistance and incentives to businesses in the food processing industry.
The FPI subsidy in Odisha offers benefits like development of infrastructure, job creation, promoting exportation, industrial growth, and economic development in Odisha.
Any Company registered in India is eligible under the scheme to apply on its own behalf or with its subsidiary or subsidiaries as to incentivize the Food Processing Industry (FPI) in Odisha.
The Financial assistance and incentives under the FPI subsidy in Odisha includes Capital Subsidy, Assistance for Reefer Vehicles, Entrepreneurs, Mega Food Park, ULBs for Modernization of Meat Shops, Human Resource Development, and more.
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