Industry Overview
Yogurt is a highly nutritious dairy product consumed worldwide for its health benefits and versatility in cooking. With increasing awareness of probiotics and gut health, the demand for yogurt, particularly low-fat, flavored, and organic varieties, has surged. The yogurt industry offers entrepreneurs a profitable venture, with opportunities to introduce novel variants, packaging, and branding to appeal to health-conscious consumers.
Government Subsidy Schemes for Yogurt Making Business
The government offers several schemes to encourage the growth of yogurt and dairy product manufacturing businesses:
- National Dairy Plan (NDP): Provides financial assistance for setting up or upgrading yogurt manufacturing units.
- PMFME Scheme: Offers financial and technical support for small-scale dairy businesses, including yogurt production.
- Dairy Entrepreneurship Development Scheme (DEDS): Encourages entrepreneurs to set up dairy units and offers subsidies for machinery and infrastructure.
These schemes aim to help dairy processors, including yogurt producers, reduce capital costs and improve product quality.
Eligibility Criteria for Yogurt Making Business Subsidy
To be eligible for the government subsidies, businesses must meet the following requirements:
- Business Registration:
- Register the business as an MSME or private company and obtain an FSSAI license.
- Detailed Project Report (DPR):
- Submit a detailed project report with clear financial projections, raw material sourcing, and production capacity.
- Location:
- Units located in rural or semi-urban areas are more likely to receive additional incentives.
- Financial Documentation:
- Provide financial documents such as bank statements, income tax returns, and proof of ownership or lease for production facilities.
- Compliance:
- Ensure adherence to FSSAI standards for safety, hygiene, and labeling of yogurt products.
By fulfilling these requirements, businesses can access government grants and financial assistance.
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!