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Punjab Agro Industries Corporation Limited

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PAGREXCO
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Organizational Setup
 
Ministry of Food Processing Industries

Ministry of Food Processing Industries (MOFPI) provides financial assistance under the Schemes for Technology Upgradation/ Establishment of Food Processing Industries.

Objectives

The food processing industry in India occupies a unique position in the Indian economy in terms of its potential for employment generation, increasing the farmers’ income and export growth. MOFPI has decentralized the implementation of the scheme for Technology Upgradation/Establishment/ Modernization of Food Processing Industries in the 11th Plan period ie. w.e.f. 1st April 2007 through Banks/financial institutions to provide a thrust and wider coverage for food processing industries in the country and simultaneously decentralise the procedures for appraisal, grant of assistance and monitoring. Under these guidelines, the applicant units are required to apply directly to the Banks/financial institutions for claiming grant under the eligible schemes.

 Assistance & Eligibility
The Scheme provides(Grant-in-aid) of 50% of the cost of plant & machinery and technical civil works subject to a maximum of Rs.10 Crore. Only new Plant & machinery shall be eligible. Technical civil works include civil works for functional purposes and shall exclude boundary wall, office buildings, guesthouse, canteen and roads. The application should be made by the entrepreneur before commencement of commercial production.
Detailed guidelines, application and other related performas may be accessed from the web site of www.mofpi.nic.in

 

 

 


 
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