Mega Food Park

Mega Food Park

Scheme Overview

Sponsoring Authority      :     MoFPI (Ministry of Food Processing Industries)

Effective Date                   :     21.07.2016

Last date to apply             :     31.05.2020

Objectives :

1. To provide modern infrastructure facilities for the food processing along the value chain from the farm to the market.
2. It will include creation of processing infrastructure near the farm, transportation, logistics and centralized processing centres.
3. The main feature of the Scheme is a cluster-based approach.
4.  The scheme will be demand-driven and will facilitate food processing units to meet environmental and safety standards.
5.  The expected outcome is increased realization for farmers, creation of high-quality processing infrastructure, reduction in wastage, capacity building of producers, processors and creation of an efficient supply chain along with significant direct and indirect employment generation.

Core Processing Facilities :

Components of the scheme  :  The scheme aims to facilitate the establishment of a strong food processing industry backed by an efficient supply chain, which includes

1.  Collection Centres (CCs)
2.  Primary Processing Centres (PPCs)
3.  Central Processing Centre (CPC) and Cold Chain infrastructure.

Non-Core Infrastructure :  

1. Administrative buildings
2. Training centre including equipment
3. Trade and display centre
4. Crèche, Canteen
5. Worker’s hostel
6. Offices of service providers, labour rest and recreation facilities, marketing support system, etc.

Means of Finance :

Pattern of Assistant :

General areas – 50% Eligible Project Cost

Difficult and Hilly areas – 75% Eligible Project Cost

Eligible Project Cost  -  Total project Cost - (Cost of Land + Pre- Operative Expenses & Interest during Construction + Margin money for working Capital)

 Maximum Subsidy under the Scheme – 50 crore per project.

Release of Grant :

The grant-in-aid under the scheme is released in four instalments of 30%, 30%, 20% and 20%, subject to other scheme parameters, as per the following schedule:

1. 1^st Instalment - 30% of approved grant (after incurring expenditure of at least 10% of the eligible project cost)
2. 2^nd instalment - 30% of approved grant
3. 3^rd instalment - 20% of approved grant
4. 4^th instalment - 20% of approved grant is released subject to successful completion of project and commencement of operations.

Time Schedule : (For completion and operationalization of project)

1. Within 30 months from the date of final approval