Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs
Eligible organizations
- Biofertilizers and Biopesticides production Unit- Individuals, groups of farmers/growers, proprietary, and partnership firms, Co-operatives, Fertilizer industry, Companies, Corporations, NGOs.
- Fruit & Vegetable Waste Compost Unit-APMCs, Municipalities, NGOs, and private entrepreneurs.
Quantum of Subsidy
The scheme provides credit-linked and back-ended capital investment subsidy @ as described below.
|
BIOFERTILISERS-BIOPESTICIDES UNIT |
FRUIT & VEGETABLE MARKET WASTE COMPOST UNIT |
|
25% of total financial outlay subject to the maximum of Rs 40 lakh per unit, whichever is less. |
33% of total financial outlay subject to the maximum of Rs. 60 lakh per unit, whichever is less. |
The subsidy for expansion/renovation of the existing units will be restricted to 25% in case of Biofertilizer/biopesticide units and 33% of Fruit and Vegetable Market Waste Compost units of the actual expenditure to be incurred by the promoter towards expansion/renovation subject to the maximum ceiling prescribed for each activity, whichever is less.
Procedure for Sanction and Release of Subsidy
The subsidy will be released in two installments.
Advance subsidy Eligible subsidy amount shall be released to NABARD/ NCDC by DAC in advance as per the requirement. NABARD would release 50
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