Industry Overview
Milk powder production is a cornerstone of the dairy processing industry, offering a versatile and long-lasting alternative to liquid milk. With applications ranging from infant formulas to bakery and confectionery products, milk powder is in high demand globally. The growing food processing sector and the increasing need for shelf-stable dairy products make milk powder manufacturing a lucrative business, particularly for entrepreneurs looking to scale their operations or diversify their offerings.
Government Subsidy Schemes for Milk Powder Business
The government supports the dairy processing industry, including milk powder production, through several schemes:
- Dairy Processing and Infrastructure Development Fund (DIDF): Provides financial support for setting up processing units.
- Cold Chain Development Scheme: Assists in creating storage and logistical infrastructure.
- PMFME Scheme: Promotes the production and marketing of value-added dairy products.
These schemes reduce initial investment burdens and encourage the establishment of efficient production units.
Eligibility Criteria for Milk Powder Subsidy
To qualify for government subsidies, milk powder businesses must meet certain criteria:
- Business Registration:
- Register as a legal entity and obtain necessary certifications, including FSSAI.
- Detailed Project Report (DPR):
- Submit a comprehensive DPR detailing production capacity, financial projections, and market strategy.
- Location:
- Establishment in rural areas is encouraged for additional benefits.
- Financial Stability:
- Present financial documents like IT returns and audited statements.
- Compliance:
- Ensure adherence to hygiene and safety regulations mandated by FSSAI.
Complying with these criteria ensures access to subsidies and facilitates smooth business operations.
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!
