Industry Overview
The edible oil processing industry involves extracting oils from various seeds like
sunflower,
soybean,
groundnut, and
mustard for culinary use. The market for edible oils continues to grow due to the increasing demand for healthier oils, fortified oils, and
cold-pressed oils.
Scale and Profitability of Industry
Edible oil processing is a high-volume business that can be expanded rapidly. Profitability is influenced by market demand, production efficiency, and raw material costs. Establishing a
branded edible oil line can significantly boost the profitability of the business.
Subsidy Opportunities
PMEGP,
MSME, and
National Food Processing Mission offer subsidies and financial assistance to businesses in the edible oil sector, helping with
machinery,
raw material costs, and
marketing initiatives.
Eligibility Criteria
- MSME registration
- Compliance with food safety regulations (FSSAI)
- Availability of cold-press or solvent extraction machinery for oil extraction
Project Cost and Subsidy
- Project Cost: ₹50 Lakhs to ₹2 Crores
- Subsidy: Up to 50% under MSME, PMEGP, and National Food Processing Mission.
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!
