Overview

PMEGP

PMEGP, which stands for Prime Minister's Employment Generation Programme, is a credit-linked subsidy scheme launched by the Government of India in 2008. Its primary objective is to generate employment opportunities by promoting the establishment of micro-enterprises in the country.

Key features of PMEGP:

  • Financial assistance: Provides subsidies ranging from 15% to 35% of the project cost, with a maximum limit depending on the project category and location.
  • Loan support: Facilitates access to loans from banks and financial institutions for setting up new micro-enterprises.
  • Wide coverage: Covers both manufacturing and service sectors, including industries like khadi, village industries, coir, handicrafts, handlooms, and food processing.
  • Target beneficiaries: Primarily focuses on individuals belonging to the unemployed educated youth, rural artisans, and women entrepreneurs.
  • Implementation: Implemented through state governments, Khadi and Village Industries Boards (KVIBs), and District Industries Centres (DICs).

Application process:

  • Applications can be submitted online through the PMEGP portal or offline at KVIB offices or DICs.
  • Detailed project reports outlining the proposed business plan, financial projections, and market analysis are required.
  • Applications undergo a screening process for eligibility and project feasibility.
  • Approved applicants receive subsidies and loan assistance from designated banks.

STANDUP INDIA LOAN

The Stand-Up India Scheme is a government-backed initiative launched in 2015 to promote entrepreneurship among women and Scheduled Caste (SC) and Scheduled Tribe (ST) communities in India. It aims to facilitate access to institutional credit through banks for setting up greenfield enterprises.

Key features of the scheme:

  • Target beneficiaries: Women and SC/ST entrepreneurs.
  • Loan amount: Provides loans between Rs. 10 lakh and Rs. 1 crore.
  • Collateral-free: No collateral required for loans up to Rs. 50 lakhs.
  • Interest rate: Competitive interest rates offered by banks.
  • Repayment period: Flexible repayment options available.
  • Coverage: Applicable to all sectors except agriculture and allied activities.

Application process:

  • Applications can be submitted online through designated bank websites or offline at bank branches.
  • Detailed project reports outlining the proposed business plan, financial projections, and market analysis are required.
  • Applications undergo a rigorous screening process for eligibility and project feasibility.
  • Approved applicants receive loans from designated banks.

COLD STORAGE AND COLD CHAIN SUBSIDY

The cold storage and cold chain subsidy schemes in India are government initiatives aimed at promoting the development of cold storage and cold chain infrastructure across the country. This aims to reduce post-harvest losses, improve food quality and safety, and ensure food security.

Types of subsidies:

  • Ministry of Food Processing Industries (MoFPI): Offers various schemes for cold storage and cold chain infrastructure development, including the Scheme for Integrated Cold Chain and Value Addition Infrastructure.
  • National Horticulture Board (NHB): Provides financial assistance for setting up cold storage facilities under the Mission for Integrated Development of Horticulture (MIDH).
  • NABARD: Offers refinance and credit facilities to banks and financial institutions for financing cold chain projects.

Important Links:

HORTICULTURE SUBSIDY

Horticulture plays a crucial role in India's agricultural landscape, contributing significantly to the nation's food security and rural economy. To further support this sector, the government offers various horticulture subsidies aimed at empowering farmers and promoting sustainable practices.

Key schemes:

  • Mission for Integrated Development of Horticulture (MIDH): A comprehensive program offering various subsidies and support measures to promote holistic development of the horticulture sector.
  • National Horticulture Mission (NHM): Focuses on specific crops and interventions like protected cultivation, value addition, and post-harvest management.
  • Rashtriya Krishi Vikas Yojana (RKVY): Provides financial assistance to states for implementing various horticulture development programs.

Important Links:

FOOD PROCESSING SUBSIDY

The food processing sector plays a critical role in adding value to agricultural produce, reducing post-harvest losses, and enhancing food security in India. To incentivize investments and growth in this sector, the government offers various food processing subsidies to stakeholders across the value chain.

Key schemes:

  • Pradhan Mantri Kisan SAMPADA Yojana (PMKSY): A flagship program aimed at strengthening the food processing infrastructure and promoting value addition across the sector.
  • Mega Food Park Scheme: Supports the development of large food processing parks with integrated infrastructure facilities.
  • Scheme for Integrated Cold Chain and Value Addition Infrastructure: Provides financial assistance for setting up cold storage facilities and processing units to reduce post-harvest losses and enhance value addition.
  • Production Linked Incentive Scheme for Food Processing Industry (PLISFPI): Incentivizes the manufacturing of specific food product categories to boost the sector's growth and competitiveness.

Important Links:

Ministry of Food Processing Industries (MoFPI): https://www.mofpi.gov.in/: https://www.mofpi.gov.in/

Pradhan Mantri Kisan SAMPADA Yojana (PMKSY): https://www.mofpi.gov.in/Schemes/about-pmksy-scheme: https://www.mofpi.gov.in/Schemes/about-pmksy-scheme

ANIMAL HUSBANDRY SUBSIDY

Animal husbandry plays a vital role in the Indian economy, contributing significantly to rural livelihoods, food security, and income generation. The government of India implements several animal husbandry subsidy schemes to support farmers, entrepreneurs, and stakeholders involved in various aspects of animal rearing, breeding, and production. These subsidies aim to promote sustainable practices, enhance productivity, and improve the overall health and wellbeing of the animal.

Key Schemes

  • National Livestock Mission (NLM): A flagship program offering various subsidies and support measures for breed improvement, feed and fodder development, and extension services.
  • Rashtriya Gokul Mission (RGM): Focuses on the conservation and development of indigenous cow breeds and promotion of scientific dairy farming practices.
  • Dairy Infrastructure Development Fund (DIDF): Provides financial assistance for setting up and upgrading dairy processing facilities to enhance processing capacity and market access for milk producers.
  • Animal Husbandry Infrastructure Development Fund (AHIDF): Aims to attract investments in infrastructure development for dairy processing, meat processing, and animal feed production.

IMPORTANT LINKS:

BIO ENERGY/RENEWAL/GREEN ENERGY SUBSIDY

India has set ambitious goals for renewable energy (RE) adoption, aiming to achieve 500 GW of installed RE capacity by 2030. To support this target and encourage investments in bio energy and other green energy sources, the Government of India offers various subsidy schemes across the entire value chain. These subsidies incentivize project development, technology adoption, and market access for renewable energy producers and consumers.

Key Schemes:

  • National Solar Mission: Aims to achieve 100 GW of solar power capacity by 2022 and further increase it to 280 GW by 2030. Offers various subsidies and incentives for solar power projects.
  • National Wind Mission: Targets 60 GW of wind power capacity by 2022 and 100 GW by 2030. Provides financial assistance for wind power projects.
  • Biomass Power Generation Scheme: Supports the development of grid-connected biomass power plants and decentralized biomass gasifier systems.
  • Pradhan Mantri Ujjwala Yojana: Provides LPG connections to below poverty line households, promoting clean cooking fuel and reducing dependence on traditional biomass fuels.
  • Deen Dayal Upadhyaya Gram Jyoti Yojana: Aims to provide electricity access to all rural households, including through RE-based mini-grids and solar home lighting systems.

IMPORTANT LINKS

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