Capital Investment subsidy scheme for construction/expansion/ modernization of cold storage and storage for Horticulture Produce.
Components- Credit-linked projects relating to Cold Storages including Controlled Atmosphere (CA) and their modernization are eligible for assistance under this component.
Infrastructure/Activity and Crops eligible:
- Assistance for setting up of new Cold Storage infrastructure will be available only to Multi-Chamber cold Storage units with technologies which are energy efficient with the provision of thermal insulation, humidity controlled, advanced cooling systems, automation, etc, having specifications and standards approved by the Ministry. To ensure, compliance with notified standards, all projects will be subjected to technical scrutiny by NHB empaneled Technical appraisal agency.
- In the case of CA Stores, projects of temperate fruit crops located in production areas for which NHB protocols are available, are only are allowed.
Capacity and Pattern of Assistance: -
The assistance will be given as subsidy @ 35% of the capital cost of the project in general areas and 50% in the case of NE, Hilly States & Scheduled Areas for a storage capacity above 5000 MT up to 10000 MT.
In the case of North-East states, projects with a capacity of 1000 MT or above are also eligible for application and consideration.
Calculation of Capacity for subsidy:-
For calculation of capacity, 3.4 cubic meters (cum.) (120 cubic feet (cft.) of chamber volume shall be considered equivalent to 1 MT storage capacity.
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