Incentives From The State Government
Q.I What are the incentives/ subsidies available to the entrepreneur in Agro Industrial Policy ?
ANS. The new Agro Industrial Policy of the State offers following incentives to the entrepreneurs.
Financial Incentives Quantum of Incentives
Interest Subsidy to agro Industrial units. 6% back ended subsidy for 5 years on the interest on term loan subject to a ceiling of Rs. 100 lacs
Interest Subsidy to agri Infrastructure Projects 6% back ended subsidy for 5 years on the interest on term loan, subject to a ceiling of Rs.400 lacs on term loan.
Assistance for Preparation of Project Report. 50% of the expenditure of the cost of the preparation of a project report for setting up Agro industrial unit, subject to a ceiling of RS 5 lacs.
Assistance for setting up of Center of Excellence/ scientific crop development Institute. 50% of the initial capital investment as assistance, subject to a ceiling of RS 500 lacs. If such an institute is established under the Company Law, the assistance shall be provided in the form of equity.
Assistance for Patent Registration. Reimbursement upto 50% of the cost of patent registration, subject to a ceiling of Rs 5 lacs.
Quality Certification Mark Assistance. 50% of the actual expenditure subject to a ceiling of RS 5 lacs is available to small and tiny Agro industrial units.
Air freight subsidy 25% subsidy shall be provided on air freight for exports of edible produces like mango, chikoo, banana, tomato and such other products as specified by the Slate government from time to time, from the Sardar Patel International Airport, Ahmedabad, subject to" a ceiling of RS 10 lacs per beneficiary.
Assistance for sending samples abroad 50% of the actual expenditure incrurred for sending samples abroad subject to ceiling of Rs.50,000/-
Assistance for Research & Development 50% of the expenditure incurred on research activity subject to ceiling of Rs.20 lacs.
 

Incentives are available to the new units as well as existing units undertaking technology upgradation, modernisation, expansion or diversification.

THESE INCENTIVES ARE IN ADDITION TO THE INCENTIVES/ASSISTANCE PROVIDED BY THE CENTRAL GOVERNMENT ORGANISATIONS.

 
Agro Industrial Policy
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Government Resolution (Click for more Information)
 
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