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

15 Dec 2021 CW Team

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

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..