Industry Overview
The French fries industry is a rapidly expanding segment of the global fast-food market. The demand for frozen French fries has surged, thanks to the rise in fast-food chains, foodservice businesses, and frozen food sales. French fries are a popular snack and side dish, making this an attractive business opportunity for entrepreneurs in the cold chain and food processing sectors.
Government Subsidy Schemes for French Fries Business
The government offers several subsidy schemes to assist businesses in the French fries production sector:
- PMFME Scheme: Provides financial assistance for small and medium enterprises to set up food processing units, including French fries production.
- National Food Processing Mission: Supports the establishment of food processing units through grants and subsidies.
- Cold Chain Infrastructure Scheme: Provides funding for cold storage and transportation infrastructure necessary for frozen products.
Eligibility Criteria for French Fries Business Subsidy
- Business Registration:
- Must be registered as an MSME, private limited company, or cooperative.
- Infrastructure:
- Must adhere to the required food safety and hygiene standards, including FSSAI certification.
- Project Report:
- Submit a detailed business plan and financial forecast, including machinery requirements.
- Proof of Financial Stability:
- Provide financial documents like bank statements, income tax returns, and a business plan.
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!