Fish Processing

Scheme Overview

Sponsoring Authority      :    APFPS

Effective Date                   :   31.10.2015

Expiry date                       :   31.03.2020

Objective :

To provide integrated and complete cold chain and preservation infrastructure facilities without any break, from the farm gate to the consumer from the production site to the market. Pre-cooling facilities at production sites, reefer vans, and mobile cooling units also assisted under the scheme. Scheme helps linking groups of producers to the processors and market through well equipped supply chain.

Eligible Sectors :

1. Shrimp
2. Fish, Crabs, squids and any other Fish & Fishery products processing which requires integrated cold chain process.

Pattern of Financial assistance :

Shrimp Processing Units :

• –  @ 50 % of the bank appraised project cost (Including Interest during Construction (IDC) and Land cost) 
• –  maximum of Rs. 5 crore per project.

Fish processing / filleting Units :

• –  @ 50 % of the bank appraised project cost (Including Interest during Construction (IDC) and Land cost)
• –  maximum of Rs. 7 crore per project.

Note :If any project dealing with Processing of shrimp & Fish (Both Processing Activities), will be eligible for subsidy of Maximum of 5 Crore only.

Other Benefits :

1. Interest-subsidy : (For Shrimp, Fish processing / filleting units)
• –  Interest subsidy @ 6 % P. a, Up to 5 Years from the date of completion of the project.
• –  maximum of
1. 2.50 cr. per project (or)
2. actual interest on term loan, whichever is less.
2. Reimbursement of power cost : (For New units only)
• –  @ Rs. 1.50 per unit for 5 years / @ Rs. 1.00 per unit for Fish & Shrimp units
3. Stamp duty Exemption :
• –  100% of stamp duty in land registration/lease of land/, mortgage deed/Bank documentation/ Hypothecation etc.
4. VAT/CST/GST reimbursement :
• –  For Micro & Small Enterprises (100%), Medium Industries (75%) and Large Industry Unit (50%) for 5-7 years.

Release of Subsidy :

• 1^St Instalment – 25%
• 2^nd Instalment – 50%
• 3^rd Instalment – Remaining amount after due adjustments in Project Cost

Commercial Production Criteria ;:–Within 18 months from the date of issue of approval letter.