Overview
Rice milling involves the processing of paddy to remove the husk and produce
white rice. It is one of the most important agro-based industries, especially in countries where rice is a staple food. Modern rice mills use
hulling machines,
polishers, and
grading machines for efficient processing.
Scalability & Profitability
The rice milling business is highly scalable, and the profitability depends on the quality of the rice, production capacity, and efficient processing techniques. Profit margins typically range from
10% to 20%. With the right infrastructure and distribution network, rice mills can tap into both
local and
international markets.
Eligibility Criteria
- Facility Setup: Requires rice milling equipment, hulling machines, and polishing systems.
- Regulatory Compliance: Must meet food safety, quality, and environmental regulations.
Where You Can Apply for Subsidies
- National Food Security Mission: Provides support for agricultural processing units like rice mills.
- MSME Schemes: Financial assistance for machinery, storage, and working capital.
Project Cost & Subsidy
The cost for setting up a rice milling unit generally ranges from
INR 30 Lakhs to INR 1 Crore, with subsidies available up to
30% of the total project cost.
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!
