Food Processing Business: Food processing units have an important role in generating income and employment in rural areas. This business is also giving special cooperation in doubling the income of the farmers. Food processing units are now being set up across the country by taking advantage of the Union Government’s Micro Food Industry Upgradation Scheme. Micro and small food processing units are being promoted in the rural areas of UP. To reduce the cost of this business, the government is giving help in different ways.
According to the latest report, 50 to 90 percent subsidy is being given for setting up a 75 KVA solar power plant in a food processing unit. On the one hand, units owned or operated by the general category are getting 50 percent subsidy, while there is a provision of 90 percent subsidy to units owned by women.
subsidy on transport
Under the new Food Processing Industry Policy-2023 of Uttar Pradesh, 25% subsidy will be given on the actual cost of transportation for the export of finished products in food processing units. This subsidy will be given from the manufacturing-production unit to the export facility port only. .
Apart from this, there is a provision of 35% capital subsidy on the expenditure on plant, machinery and technical civil works for setting up a food processing unit, the limit of which has been fixed at Rs 1 crore.
huge tax rebate
Now the governments have also understood that to increase the income of the farmers, it is not enough to focus only on agricultural production, but it is equally necessary to provide technical and economic cooperation by promoting food processing, so first on the establishment of food processing units. The external development fee that had to be paid was much more than the cost of the land.
Now, while improving these rules, in the new policy, there is a plan to give 75% subsidy on external development fee and exemption in stamp fee on setting up maximum food processing units. This grant will be given from the budget of the Food Processing Department only. Along with this, there is a plan to provide relief in market fee etc. to the processed products brought from other states.
Disclaimer: Some of the information given in the news is based on media reports. Farmer brothers, before implementing any suggestion, do consult the concerned expert.
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