Ministry of Food Processing Industries extends financial assistance

INVC,,,

Delhi,,

Ministry of Food Processing Industries extends financial assistance in the form of grant-in-aid to entrepreneurs @ 25% of the cost of Plant & machinery and Technical Civil Works subject to a maximum of Rs. 50 lakhs in general areas or 33.33% subject to a maximum of Rs. 75 lakhs in difficult areas under the Scheme of Technology Upgradation/ Establishment/ Modernization of food processing industries in the country.

During the current year the Ministry has extended financial assistance to 545 units under the Scheme for Technology Upgradation/ Establishment/ Modernization of food processing industries in the country for which an amount of Rs.92.87 crore has been released as on 04.03.2011 against budgetary allocation of Rs. 106.01 crore.

This information was given by the Minister of State for Food Processing Industries, Shri Harish Rawat