Food Processing Industries Scheme

Rapid Consulting offers expert assistance for food processing industries in Haryana seeking capital investment subsidies. With subsidies of up to 25% and a maximum of Rs 1 crore, Rapid Consulting facilitates the creation, expansion, and diversification of food processing ventures. Our comprehensive services cover consultation, documentation, application management, negotiation, subsidy disbursement, and ongoing support for sustainable growth.

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"Fostering Agro-Food Development: Haryana's Scheme for Unit Creation, Expansion, and Diversification in Food Processing"IntroductionThe Haryana Government has introduced a scheme for the Creation, Expansion, and Diversification of individual Agro and Food Processing Units. This initiative is aimed at increasing the level of food processing, reducing wastage, enhancing farmer incomes, increasing exports, and thereby driving overall development of the food processing sector in the state.Objectives and Quantum of AssistanceThe scheme provides financial assistance for setting up new food processing units as well as for the expansion of existing ones. Eligible sectors include processing of fruits & vegetables, milk, meat, poultry, fish, and various other food products including nutritional health foods. The assistance includes:? 25% capital investment subsidy on fixed capital investment up to INR 1 crore for units in 'C' and 'D' category blocks.? SGST reimbursement of 100% for a period of 10 years, with a cap of 100% of the fixed capital investment.Eligibility CriteriaEligible organizations include Partnership/Proprietorship Firms, Companies, Corporations, Cooperatives, SHGs, FPOs, NGOs, Central/State PSUs, etc. The policy applies to new units as well as units undergoing expansion or diversification within the specified food parks and categories.Application and DocumentationApplications must be submitted online via the official state portal. Documentation required includes detailed project reports, sanction letters of term loans, appraisal reports, certificates of incorporation, and other relevant business and financial documents.Procedure for Disbursement and AppealsThe scheme is administered by the State Level Committee for Food Processing, which evaluates and approves proposals. The disbursement of funds follows the completion of specified milestones and compliance checks, including site inspections and financial audits.Penalties and RecourseIf it is discovered that the subsidy was claimed through false information, the applicant must repay the subsidy with a 12% interest rate per annum and may face further legal action. Misrepresentation or failure to comply with scheme guidelines will lead to the recovery of disbursed funds as arrears of land revenue.ConclusionThe scheme for the Creation, Expansion, and Diversification of Agro and Food Processing Units is a critical component of Haryana's strategy to enhance its agri-business sector. By financially incentivizing the establishment and expansion of food processing units, the state aims to develop a more robust food processing infrastructure, support farmer incomes, reduce wastage, and boost exports.Rapid Consulting's Role in Facilitating the ProcessRapid Consulting provides expert services to assist enterprises in Haryana with the 'Creation/Expansion/Diversification of individual Agro and Food Processing Units' scheme under the Haryana Agri-Business and Food Processing Policy 2018. They guide businesses through understanding the scheme's eligibility requirements, preparing and submitting applications, and ensuring compliance with the scheme�s guidelines to maximize financial incentives for setting up or expanding food processing units.Impact of the Scheme on Haryana's Industrial GrowthThe scheme enhances Haryana's industrial sector by providing financial assistance for new and existing food processing units, focusing on value addition and reduction of wastage. This fosters an increase in farmer incomes, higher levels of food processing, and boosts exports, contributing to the development of the food processing sector in the state.Future Prospects and EnhancementsPotential future enhancements might include broadening the eligibility to more sectors within food processing, increasing the subsidy amounts to further incentivize large-scale projects, or extending the scheme's operational period to accommodate the evolving industry needs. Additionally, linking this scheme more closely with agricultural production initiatives could enhance the overall impact on the state�s agro-based economy.FAQs? What is the 'Creation/Expansion/Diversification of individual Agro and Food Processing Units' scheme?This scheme provides financial assistance for the establishment, expansion, or diversification of food processing units to increase food processing levels, reduce wastage, and enhance farmer incomes in Haryana.? Who is eligible for this scheme?Eligible entities include partnership firms, proprietorship firms, companies, cooperatives, SHGs, NGOs, and public or private organizations planning to set up new units or expand/diversify existing units in designated areas of Haryana.? How does an enterprise apply for this scheme?Enterprises must submit their applications online through the Haryana Industries portal, including detailed project reports and necessary documentation, within specified timelines.? What are the financial benefits of participating in this scheme?Financial benefits include a 25% capital investment subsidy on fixed capital investment up to INR 1 crore, and SGST reimbursements, aiming to support the setup in food parks and designated blocks within the state.? What happens if incorrect information is provided in the application?Providing incorrect information can lead to severe penalties, including repayment of the subsidy with a 12% compound interest rate, legal actions, and exclusion from future incentives.? How does Rapid Consulting assist in this process?Rapid Consulting ensures that enterprises fully understand the benefits and compliance requirements of the scheme, aids in the accurate preparation and submission of applications, and helps in securing the maximum possible incentives, thereby streamlining the process for effective implementation.Target Sectors in HaryanaThe Haryana Agri-Business and Food Processing Policy 2018 aims to develop the state as a center for the agro and food processing industry. The policy targets various sectors including fruits and vegetables processing, milk, meat, poultry, fish processing, and ready-to-eat food products among others. It focuses on increasing food processing levels, reducing wastage, and adding value to agricultural products to boost farmer incomes and exports, thereby stimulating the overall development of the food processing sector in Haryana.Eligibility for Existing Businesses and New VenturesEligibility under this policy includes new, expanding, or diversifying food processing units. These units must adhere to value addition techniques like preservation, use of food additives, or drying to enhance product shelf life and quality. However, certain activities such as oil extraction from seeds, primary processing of millets, and manufacturing of pulses or wheat products like suji and maida are not eligible.Integration with Other Subsidies and IncentivesThe policy integrates with broader state initiatives, providing financial support such as capital investment subsidies and SGST reimbursements. However, units availing support under this policy cannot claim similar incentives under other state schemes, ensuring focused support for the food processing industry.Application ProcessApplications must be submitted online with comprehensive documentation, including project reports and financial statements. Eligibility extends to various organizational forms such as partnerships, companies, and cooperatives. The application process is detailed, requiring multiple forms of documentation to substantiate the claims for support.Geographical Preferences in HaryanaThe policy emphasizes support for units set up in 'C' and 'D' category blocks, particularly those within designated food parks. This geographic targeting aims to stimulate food processing activities in less developed areas of the state, promoting balanced regional development.SummaryThe Haryana Agri-Business and Food Processing Policy 2018 provides significant incentives to foster growth in the food processing sector, with the aim of enhancing farmer incomes, reducing wastage, and increasing exports. By offering financial assistance for new and expanding units, and integrating these efforts with other state initiatives, the policy seeks to establish Haryana as a leading state in the food processing industry, thereby contributing to its economic developmentWhy Choose Rapid Consulting?? Specialized Expertise: Our team at Rapid Consulting boasts in-depth knowledge of subsidy scheme, ensuring you get the most out of your investment.? End-to-End Assistance: From initial assessment to final application, we manage the entire process, making it seamless and hassle-free for your business.? Maximized Benefits: We ensure that you fully leverage the financial incentives available, boosting your company's growth and profitability.The services provided by Rapid Consulting encompass a comprehensive range of support to ensure that food processing industries in Haryana can take full advantage of the available subsidies.? Consultation and Assessment: Rapid Consulting initiates the process by conducting detailed consultations with food processing enterprises. This includes understanding their business objectives, evaluating project feasibility, and assessing eligibility criteria for the subsidy scheme.? Documentation Preparation: The firm assists clients in preparing all necessary documentation required for subsidy applications. This includes compiling financial statements, project proposals, and other relevant documents according to the guidelines outlined by the subsidy scheme.? Application Management: Rapid Consulting takes charge of managing the entire application process on behalf of the food processing industries. This involves completing application forms, submitting documentation to the relevant authorities, and ensuring compliance with all regulatory requirements. ? Negotiation and Follow-up: The firm employs skilled negotiators to engage with government agencies on behalf of their clients. We advocate for favorable subsidy terms and diligently follow up to expedite the approval process and address any concerns that may arise.? Subsidy Disbursement: Once subsidy applications are approved, Rapid Consulting facilitates the disbursement of funds to the food processing industries. We ensure timely processing of payments and provide assistance in navigating any administrative procedures associated with subsidy disbursement.? Post-Subsidy Support: Even after subsidy disbursement, Rapid Consulting continues to offer support to food processing industries. This includes guidance on utilizing the funds effectively, monitoring project progress, and addressing any post-implementation challenges that may arise.In summary, Rapid Consulting provides end-to-end assistance to food processing industries in Haryana, enabling them to leverage capital investment subsidies of up to 25% with a maximum limit of Rs 1 crore. Our comprehensive services ensure that enterprises can efficiently access and utilize these subsidies to enhance their operations and promote growth.How to Reach Us:? Website: Visit our official website for detailed information, service offerings, and to schedule an online consultation.? Direct Contact: Call us at +91-9467248028/9416506136 or email info@rapidconsulting.in to discuss your needs directly with our experts.? Office Visit: Our offices are open for in-person consultations at 134, Rapid Consulting, First floor Below Paysam Restaurant, Near Samsung Care. Lajpat Nagar, Rajgarh Road Hisar, Haryana-125001. Here, you can meet with our consultants who can provide personalized guidance tailored to your business's specific circumstances.Engage with Rapid Consulting today to leverage their expertise in enhancing your business's financial and operational performance through the Collateral Free Credit Guarantee Scheme and other beneficial state initiatives. Whether online, over the phone, or in person, Rapid Consulting is ready to assist you in advancing your business goals in Haryana

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