Overview
Frozen sweet corn is produced through the
IQF method, which helps preserve the
taste and
nutritional value of the corn. It is a versatile product used in various food applications, including
soups,
salads, and
side dishes. The growing demand for
frozen foods and
ready-to-cook products makes sweet corn a profitable business.
Scalability & Profitability
The frozen sweet corn industry has significant scalability potential, particularly with increasing demand from the
global market. Profit margins in this sector can range from
15% to 25%, depending on production scale and market conditions.
Eligibility Criteria
- Facility Setup: Requires freezing equipment, IQF machines, and storage.
- Regulatory Compliance: Must meet food safety and quality standards.
Where You Can Apply for Subsidies
- National Horticulture Mission: Subsidies for food processing and storage facilities.
- MSME Schemes: Support for procurement of machinery and initial working capital.
Project Cost & Subsidy
The investment required for setting up a frozen sweet corn production facility typically ranges from
INR 25 Lakhs to INR 1 Crore, with subsidies available up to
30%.
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!
