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
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000