Monday, 10 September 2012



SUMMARY OF MOFPI SCHEME (FOOD SUBSIDY)


ELIGIBILE SECTORS

1.     FRUITS & VEGETABLES
2.    MILK PRODUCTS
3.    MEAT
4.    FISHERY
5.    CONSUMER FOODS
6.    POULTRY
7.    OTHER AGRI HORTICULTRE SECTOR (SPICES, COCONUT)
8.    BAKERY PRODUCT
9.    WINE & BEER

NOTE: - OIL MILLING, FLOUR MILLING & RICE MILLING, THESE SECTORS ARE ELIGIBLE ONLY IF APPLICATION IS MADE BEFORE 6/2/2009.
ELIGIBLE PERSONS

1.     INDIVIDUALS
2.     FIRMS
3.     COOPERATIVES
4.     COMPANIES
5.     PUBLIC SECTOR UNITS (PSU’S)
ELIGIBILITY CRITERIA

1.     APPLICATION SHOULD BE MADE TO MAHARASHTRA AGRO DEPARTMENT BEFORE COMMENCMENT (START) OF COMMERCIAL PRODUCTION.
2.    ONLY NEW PLANT AND MACHINERY ARE ELIGIBLE. i.e. SECOND HAND MACHINE’S ARE NOT ELIGIBLE.
3.    THE FIRM MUST NOT HAVE TAKEN BENEFIT FROM ANY OTHER DEPATMENT, SCHEME. (WHETHER IT IS FROM CENTRAL GOVERNMENT OR STATE GOVERNMENT)
4.    THE FIRM CANNOT AVAIL SUBSIDY FOR SAME PURPOSE AT SAME LOCATION
5.    THE FIRM MUST NOT HAVE AVAILED MORE THAN 2 GRANTS. i.e. MAXIMUM 2 GRANTS ARE ALLOWED.
6.  IF THE FIRM HAS TAKEN SUBSIDY FROM ANY OTHER DEPARTMENT AND EVEN IF HE READY TO RETURN THE SAME THAN ALSO HE WILL NOT BE ELIGIBLE UNDER THESE SCHEME. BECAUSE THE CONDITION IS NOT TO APPLY IN ANY OTHER SCHEME.
BENEFITS
THE UNIT CAN AVAIL BENEFIT OF 25% OF COST OF PLANT AND MACHINERY AND TECHNICAL CIVIL WORKS (CONSTRUCTION), SUBJECT TO MAXIMUM BENEFIT OF RS. 50.00 LACS. IN MAHARASHTRA REGION ONLY 25% BENEFIT SUBJECT TO MAXIMUM 50.00 LACS IS ELIGIBLE.
HERE TECHNICAL CIVIL WORK MEANS “ESSENTIAL CIVIL WORK REQUIRED FOR HYGIENIC PRODUCTION”. FOR EG;- CANTEENS, ROADS, ETC INCLUDE NAHI HOGA.

SUBMISSION

APPLICATIONS MUST BE SUBMITTED IN MAHARASHTRA AGRO DEPARTMENT (MUMBAI). i.e. THERE IS NO ROLE OF BANK FOR SUBMISSION.

FUND

FUND RELEASE IN 2 EQUAL INSTALLMENTS, 1ST INSTALLMENT RELEASE AFTER UTILIZATION OF 50% OF TERM LOAN AND 50% OF PROMOTER’S CONTRIBUTION.

LOAN REQUIREMENT

THERE IS NO REQUIREMENT OF BANK TERM LOAN. i.e. CLAIM CAN BE MADE ON THE BASIS OF CASH CREDIT LOAN OR ON THE BASIS OF OWN FUND (BUT CURRENT ACCOUNT MUST HAVE FROM BANK.





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