Industry Overview
Vetiver oil is obtained from the roots of the
vetiver grass plant, known for its calming and grounding aroma. It is widely used in
perfumes,
aromatherapy, and
cosmetics. The rising trend of
natural and
organic beauty products contributes to the growth of this sector.
Scale and Profitability of Industry
The
global demand for essential oils like
vetiver is rising, driven by growing consumer awareness of the
benefits of natural products. The profit potential in this market is substantial, especially as
vetiver oil can command premium pricing in the
luxury wellness market.
Subsidy Opportunities
Financial assistance can be sought through
PMEGP,
MSME, and other eco-friendly government schemes that support the production of
essential oils and
aromatherapy products.
Eligibility Criteria
- MSME registration
- Proper knowledge of vetiver grass farming
- Compliance with aromatherapy standards
Project Cost and Subsidy
- Project Cost: ₹15 Lakhs to ₹30 Lakhs
- Subsidy: Up to 40-50% under PMEGP and MSME.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
