Subsidies of 35-50% approved for construction of cold storages
WAREHOUSING & LOGISTICS

Subsidies of 35-50% approved for construction of cold storages

The National Horticulture Board (NHB) is placing a scheme named Capital Investment Subsidy for Construction or Expansion or Modernisation of Cold Storages and Horticulture Product Storages.

Credit-linked back-ended subsidies of 35% of the capital value of the project in general regions and 50% in the North East, Hilly States, and Scheduled areas are approved under this scheme for cold storage capacity more than 5000 MT and up to 10000 MT for the construction or expansion or modernisation of Cold Storage and Controlled Atmosphere (CA) stores. A capacity of over 1000 MT is also acceptable in the NorthEast Region.

As a sub-scheme of the Mission for Integrated Development of Horticulture (MIDH), there is presently no purpose to increase the subsidy for a cold storage facility.

Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, rendered the details in a written reply to Rajya Sabha on December 10, 2021.

Lack of cold storage units have usually been a difficult problem for Indian farmers, therefore this subsidy would assist the farmers in maintaining their farm produce. Food wastage is additionally an issue that rises in cold storage buildings will help mitigate.

Due to a lack of cold chain infrastructure, India throws away a significant amount of its farm products, with 16% of fruits and vegetables thrown away every year. Up to 10% of oilseeds, pulses, and grains generated in India are wasted.

Image Source

The National Horticulture Board (NHB) is placing a scheme named Capital Investment Subsidy for Construction or Expansion or Modernisation of Cold Storages and Horticulture Product Storages. Credit-linked back-ended subsidies of 35% of the capital value of the project in general regions and 50% in the North East, Hilly States, and Scheduled areas are approved under this scheme for cold storage capacity more than 5000 MT and up to 10000 MT for the construction or expansion or modernisation of Cold Storage and Controlled Atmosphere (CA) stores. A capacity of over 1000 MT is also acceptable in the NorthEast Region. As a sub-scheme of the Mission for Integrated Development of Horticulture (MIDH), there is presently no purpose to increase the subsidy for a cold storage facility. Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, rendered the details in a written reply to Rajya Sabha on December 10, 2021. Lack of cold storage units have usually been a difficult problem for Indian farmers, therefore this subsidy would assist the farmers in maintaining their farm produce. Food wastage is additionally an issue that rises in cold storage buildings will help mitigate. Due to a lack of cold chain infrastructure, India throws away a significant amount of its farm products, with 16% of fruits and vegetables thrown away every year. Up to 10% of oilseeds, pulses, and grains generated in India are wasted. Image Source

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?