Industry Overview
Groundnut oil, also known as
peanut oil, is one of the most widely used
edible oils globally. It is known for its
mild flavor and
high smoking point, making it suitable for
frying and
cooking. Groundnut oil is also used in
cosmetics and
pharmaceuticals.
Scale and Profitability of Industry
The
groundnut oil industry is highly profitable due to the broad consumer base and diverse applications. It is a highly scalable business, with potential for both
bulk sales and
premium products in the market.
Subsidy Opportunities
The government provides support for groundnut oil mills under the
PMEGP,
MSME, and
National Food Processing Mission for the installation of
oil extraction plants and
refining units.
Eligibility Criteria
- MSME registration
- FSSAI registration for edible oils
- Capacity to comply with quality control norms for refined oils
Project Cost and Subsidy
- Project Cost: ₹20 Lakhs to ₹50 Lakhs
- Subsidy: Up to 40% 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!
