Subsidies of 35-50% approved for construction of cold storages
WAREHOUSING & LOGISTICS

Subsidies of 35-50% approved for construction of cold storages

The National Horticulture Board (NHB) is placing a scheme named Capital Investment Subsidy for Construction or Expansion or Modernisation of Cold Storages and Horticulture Product Storages.

Credit-linked back-ended subsidies of 35% of the capital value of the project in general regions and 50% in the North East, Hilly States, and Scheduled areas are approved under this scheme for cold storage capacity more than 5000 MT and up to 10000 MT for the construction or expansion or modernisation of Cold Storage and Controlled Atmosphere (CA) stores. A capacity of over 1000 MT is also acceptable in the NorthEast Region.

As a sub-scheme of the Mission for Integrated Development of Horticulture (MIDH), there is presently no purpose to increase the subsidy for a cold storage facility.

Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, rendered the details in a written reply to Rajya Sabha on December 10, 2021.

Lack of cold storage units have usually been a difficult problem for Indian farmers, therefore this subsidy would assist the farmers in maintaining their farm produce. Food wastage is additionally an issue that rises in cold storage buildings will help mitigate.

Due to a lack of cold chain infrastructure, India throws away a significant amount of its farm products, with 16% of fruits and vegetables thrown away every year. Up to 10% of oilseeds, pulses, and grains generated in India are wasted.

Image Source

The National Horticulture Board (NHB) is placing a scheme named Capital Investment Subsidy for Construction or Expansion or Modernisation of Cold Storages and Horticulture Product Storages. Credit-linked back-ended subsidies of 35% of the capital value of the project in general regions and 50% in the North East, Hilly States, and Scheduled areas are approved under this scheme for cold storage capacity more than 5000 MT and up to 10000 MT for the construction or expansion or modernisation of Cold Storage and Controlled Atmosphere (CA) stores. A capacity of over 1000 MT is also acceptable in the NorthEast Region. As a sub-scheme of the Mission for Integrated Development of Horticulture (MIDH), there is presently no purpose to increase the subsidy for a cold storage facility. Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, rendered the details in a written reply to Rajya Sabha on December 10, 2021. Lack of cold storage units have usually been a difficult problem for Indian farmers, therefore this subsidy would assist the farmers in maintaining their farm produce. Food wastage is additionally an issue that rises in cold storage buildings will help mitigate. Due to a lack of cold chain infrastructure, India throws away a significant amount of its farm products, with 16% of fruits and vegetables thrown away every year. Up to 10% of oilseeds, pulses, and grains generated in India are wasted. Image Source

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?