Industry Overview
The poly milk processing industry has seen significant growth in recent years, driven by the increasing demand for packaged milk and dairy products in urban and rural areas. Poly milk refers to processed milk that is packaged and sold in polybags or pouches, offering convenience, safety, and longer shelf life compared to traditional milk. With advancements in refrigeration and packaging technology, the poly milk processing sector has become a key player in the dairy industry. The growing preference for hygienic, ready-to-consume milk products and the expansion of retail networks have contributed to the rise of this business.
Government Subsidy Schemes for Poly Milk Processing Business
To support the growth of the poly milk processing industry, the government offers various subsidy schemes:
- National Dairy Plan (NDP): Provides funding for setting up or upgrading milk processing units, including those involved in poly milk production.
- PMFME Scheme: Offers financial and technical support to micro, small, and medium dairy processing units, promoting innovation and infrastructure improvements.
- Dairy Entrepreneurship Development Scheme (DEDS): Aims to assist entrepreneurs in setting up dairy processing units by providing financial assistance for acquiring machinery, cold storage units, and processing infrastructure.
These subsidies aim to make the poly milk processing business more accessible to entrepreneurs by reducing initial investment costs.
Eligibility Criteria for Poly Milk Processing Business Subsidy
To qualify for the government subsidies, businesses need to meet the following criteria:
- Business Registration:
- Register the business as an MSME or a private limited company and obtain necessary licenses such as FSSAI certification.
- Detailed Project Report (DPR):
- A detailed project report outlining the production process, target market, financial plan, and technological needs must be submitted.
- Location:
- Businesses located in rural and semi-urban areas may qualify for additional subsidies.
- Financial Documentation:
- Provide financial documents such as bank statements, income tax returns, and proof of ownership or lease for the manufacturing facility.
- Compliance with Standards:
- Adhere to FSSAI standards for food safety, packaging, and labeling requirements for dairy products.
Fulfilling these requirements allows businesses to access financial assistance to set up or expand poly milk processing units.
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!
