Industry Overview
Apricot oil is a
vegetable oil derived from the kernels of apricots, known for its high content of essential fatty acids, vitamins, and antioxidants. This oil is used extensively in
skin care products,
hair care treatments, and
massage oils due to its emollient properties. Apricot oil also has applications in
aromatherapy and
herbal treatments.
Scale and Profitability of Industry
The
global demand for
organic and
cosmetic-grade oils is growing steadily. Apricot oil’s high value in the wellness industry ensures significant profitability. The scale of production can vary from small-scale units targeting niche markets to larger units catering to
cosmetic and pharmaceutical industries.
Subsidy Opportunities
The
PMEGP,
MSME, and
National Food Processing Mission provide
subsidies for
machinery purchase and
infrastructure development in small oil extraction businesses.
Eligibility Criteria
- MSME registration
- Compliance with food safety and health regulations for edible and cosmetic-grade oils
- Adequate infrastructure and machinery for cold-press or solvent extraction
Project Cost and Subsidy
- Project Cost: ₹10 Lakhs to ₹30 Lakhs
- Subsidy: Up to 50% for eligible small businesses under PMEGP and MSME schemes.
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!
