Kerala Government in last four years, has launched various schemes specially to stop migration of its young population to Gulf countries. The state government is providing assistance to a number of industries among them food processing industry and Information Technology are the focus areas of this government.
In line with National Mission on Food Processing (2012-17), Govt. of Kerala has launched ‘State Food Processing Mission’. A number of schemes are covered under the SFPM. 75:25 is the ratio between Central government and state government fund contributions. Kerala Industrial Infrastructure Development Corporation is the state nodal agency to implement schemes for food processing industry.
The objective of this scheme is to provide a linkage for food processing industry so as to empower the farming community in Kerala through creation of processing and preservation facilities at village level.
The major highlights of this scheme are given below:
- Financial assistance up to 50% of the projects cost maximum 2.50 Cr.
- Processing a preservation facilities may include instruments for cleaning, sorting, grading, packing, pre-cooling, cold storage, dry warehouses, mobile pre-cooling trucks and refer trucks.
- Entrepreneurs, farmers, self-help groups, NGOs and associations can apply.
- The applicant should have 1 to 2 acres of land.
- The proposal should be appraised by a financial institution or banks.
- The same applicant shouldn’t send a proposal twice.
- The rural areas included outside corporations are: Thiruvananthapuram, Kollam, Ernakulam, Trichur, and Kozhikode
- Grant will be released in two installments.
For more information and to avail this scheme, CLICK HERE