Industry Overview
Peda, a traditional Indian sweet made from milk solids, enjoys immense popularity during festivals, celebrations, and daily consumption. The demand for authentic and hygienically produced peda is rising with the growth of retail chains and e-commerce platforms. Entrepreneurs entering this sector can leverage modern packaging and marketing strategies to cater to both local and global markets, making peda production a promising business opportunity.
Government Subsidy Schemes for Peda Making Business
To promote small-scale sweet manufacturing, the government offers various schemes:
- PMFME Scheme: Provides financial aid for branding, marketing, and technology adoption.
- Dairy Entrepreneurship Development Scheme (DEDS): Supports milk-based sweet production units.
- Rural Development Programs: Offer subsidies of up to 25%-33% for units set up in rural areas.
These schemes help entrepreneurs minimize costs and focus on quality production.
Eligibility Criteria for Peda Making Subsidy
Businesses must fulfill these requirements to qualify for subsidies:
- Business Registration:
- Register as an MSME or a private entity and obtain an FSSAI license.
- Detailed Project Report (DPR):
- Submit a DPR that includes production capacity, raw material sourcing, and financial projections.
- Location Preference:
- Rural or semi-urban setups may gain additional benefits.
- Financial Stability:
- Provide past financial records, including IT returns and bank statements.
- Compliance:
- Adhere to hygiene and safety standards mandated by FSSAI.
Following these criteria ensures eligibility for government support and operational efficiency.
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!