Scheme for Capital Investment Subsidy Scheme for Construction/ Expansion/ Modernization of Cold Storages
The National
Horticulture Board (NHB) provides a credit-linked back-ended subsidy under the
Capital Investment Subsidy Scheme for the construction, expansion, and
modernization of cold storages. It offers 35% subsidy for general areas and 50%
for North East, hilly, and scheduled areas, primarily targeting projects with
capacities above 5,000 MT.
Key Details
of the Scheme:
Objectives:
To reduce post-harvest losses, encourage infrastructure creation for
horticulture produce, and support energy-efficient technologies.
Eligible
Entities: Individuals, FPOs, Companies, Cooperatives, Partnership/Proprietary
Firms, NGOs, and Corporations.
Subsidy
Structure:
General
Areas: 35% of capital cost.
NE, Hilly
& Scheduled Areas: 50% of capital cost.
Modernization:
Specific components like insulation and refrigeration have specialized unit
costs.
Capacity
Requirement: Typically above 5,000 MT to 10,000 MT, though in the North East
Region, it can be 1,000 MT or above.
Eligible
Components: Construction of new cold storage, expansion of existing units,
modernization, and Controlled Atmosphere (CA) storage.
Additional
Benefits: Solar system installation in cold storage attracts a 35%-50% subsidy
on a project cost up to Rs. 35 lakh.
Application
Process:
Detailed
Project Report (DPR): Must be submitted along with a Basic Data Sheet.
Technical
Scrutiny: Projects must meet NHB/NCCD technical standards.
Loan
Component: The project must be funded by a bank or financial institution.
Submission:
Apply through the official NHB portal.
