Industry Overview
Peppermint oil is a highly valued
essential oil with a variety of applications, from
flavoring agents to
aromatherapy and
personal care products. The oil has therapeutic properties and is widely used in the pharmaceutical and wellness industries.
Scale and Profitability of Industry
Peppermint oil has a growing global market, particularly in the
cosmetic,
health, and
aromatherapy industries. The demand for
natural oils is rising, ensuring significant profitability. The scale of business can range from small-scale extraction to
bulk oil production for industrial use.
Subsidy Opportunities
Manufacturers can seek
subsidies under
PMEGP,
MSME, and
National Food Processing Scheme for
machinery,
plant setup, and
marketing support. Government programs encourage eco-friendly production and processing of essential oils.
Eligibility Criteria
- MSME registration
- Compliance with herbal product standards
- Ability to source high-quality mint leaves from certified suppliers
Project Cost and Subsidy
- Project Cost: ₹15 Lakhs to ₹40 Lakhs
- Subsidy: Up to 30-50% 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!
