Industry Overview
Frozen vegetable processing involves the preservation of vegetables at low temperatures to extend their shelf life. This sector has seen significant growth, driven by urbanization, changing consumer lifestyles, and increasing demand for convenient, ready-to-cook food products. The frozen vegetable processing business plays a pivotal role in ensuring the availability of vegetables year-round, even in off-seasons.
Government Subsidy Schemes for Frozen Vegetable Processing Business
The government offers several subsidy programs to support frozen vegetable businesses:
- Pradhan Mantri Kisan Sampada Yojana (PMKSY): Provides financial assistance for the creation of processing and cold chain infrastructure.
- Cold Chain and Value Addition Infrastructure Scheme: Offers support for setting up cold storage and processing units.
- PMFME Scheme: Assists small enterprises in the food processing sector with financial aid for infrastructure development.
Eligibility Criteria for Frozen Vegetable Processing Business Subsidy
- Business Type:
- Must be a registered MSME or a food processing unit.
- Infrastructure Compliance:
- Facilities must meet FSSAI guidelines and food safety standards.
- Project Report:
- Must submit a detailed project report including the production capacity, machinery, and financials.
- Financial Documentation:
- Provide bank statements, tax returns, and proof of ownership for the facility.
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!