Golden opportunity to start food processing business! Government is giving 35% subsidy and bumper discount of 6% in bank interest.

If you are also thinking of starting a new and profitable business of your own apart from your job, then the field of food processing can prove to be a great and very attractive opportunity for you. The Department of Horticulture has come up with a wonderful scheme for value addition to agricultural products in the country and to increase employment at the rural level. Under this government scheme, a huge subsidy of 35 percent on the cost is being given to the youth, farmers and small entrepreneurs setting up a new food processing plant or unit. Along with this, a provision of additional huge discount of 6 percent has also been made on the interest of bank loan taken for starting a business, which will prove to be very helpful for any new startup. What is this government scheme and which businesses are included in it? The main objective of this special scheme, which is being run in collaboration with the Horticulture Department and the Central Government, is to protect fruits, vegetables and other agricultural produce from spoilage and to prepare new products from them. Under this scheme, you can set up any small or big processing unit like jam, jelly, sauce, pickle, marmalade, chips, fruit juice, bakery products, spice grinding, pulse mill or packaged food. The government believes that there are immense possibilities in this sector and if we start with the right technology, then a strong and new identity can be created from local to global markets in a very short time. Understand the complete mathematics of 35 percent subsidy and 6 percent interest rebate. The financial assistance provided under this scheme is no less than a big boon for new entrepreneurs. Suppose you decide on a fixed project cost for setting up your food processing unit, then 35 percent of the total project cost will be directly credited to your account as subsidy by the Horticulture Department. Apart from this, when you take a loan from any nationalized or recognized bank for the remaining amount, the government will give a huge interest subvention of 6 percent on the annual interest charged on that loan. This simply means that your loan will become very cheap and you will get great relief from the burden of heavy EMIs every month. Eligibility to take advantage of the scheme and how to apply online: To take advantage of this very beneficial scheme of the Horticulture Department, the minimum age of the applicant should be 18 years and it is mandatory for him to have passed at least eighth standard. Along with this, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs) and cooperative societies are also fully eligible to get financial help under this scheme. To apply, you must first prepare a Detailed Project Report (DPR) of your unit. After this, you can fill the online application form by visiting the official website of the Horticulture Department, where you will have to upload the necessary files like Aadhar Card, PAN Card, land documents, bank passbook and project report. After scrutiny of the application, the loan and subsidy will be approved by the department.