Subsidy for Construction of Cold Storage

IAS Prelims 2023


National Horticulture Board (NHB) is implementing a scheme namely “Capital Investment Subsidy for Construction/Expansion/Modernization of Cold Storages and Storages for Horticulture Products”. Under this scheme, credit linked back-ended subsidy @35% of the capital cost of the project in general areas and @50% in case of North East, Hilly States and Scheduled areas for cold storage capacity above 5000 MT and up to 10000 MT is sanctioned for construction/ expansion/ modernization of Cold Storage and Controlled Atmosphere (CA) store. In case of North East Region, the capacity above 1000 MT is also eligible.

National Horticulture Board being a sub-scheme under Mission for Integrated Development of Horticulture (MIDH), as of now there is no proposal to increase subsidy for construction of cold storage.

This information was given by Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in a written reply in Rajya Sabha today.

 

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APS/IA/JK



    Source PIB