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-Scheme for Technology Up gradation / Establishment / Modernization of Food Processing Industries -
1. Grant of Financial Assistance and Monitoring under the scheme for Technology Up gradation / Establishment / Modernization of Food Processing Industries.

2. Eligibility of Grant:

    a. 25% of Plant and Machinery and technical civil works subject to a limit of Rs.50.00 lacs in general areas.

    b. 33.33% of plan Plant and Machinery and technical civil works subject to a limit of Rs.75.00 lacs in difficult areas.

    c. The application should be made before commencement of commercial production.

3. Procedure Formalities :

            
  The applicant while seeking financial assistance under the Scheme will submit an application in duplicate to any branch of banks/PLI of his choice, with the request for project appraisal and also for availing term loan. Applicant may also draw up the feasibility report with the assistance of a professional consultant and thereafter submit the same to the Bank for appraisal. The format of the application form and acknowledgement to be given by the Banks/FIs are at Annexure-I and II respectively. The respective bank may ask for additional information, wherever required, for the purpose of appraisal of the project and also relating to the loan and grant component.

For further detail contact the Directorate of Industries, Itanagar, State Nodal Agency (SNA).

        

 
 
 
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