Union Budget 2023-24
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Sector Food Processing
State Jharkhand
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State Incentives

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  • One-Time Incentives
  • Recurring Incentives
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Land Cost Rebate

50% rebate in Land Cost with 10 equal instalment. (Land allotted by JIADA)

Fixed Capital Rebate
  • Processing Units (New Unit, Modernisation, Upgradation, Expansion & Diversification)

Grant in Aid for Processing Units

35%-45%

Subject to maximum of INR 5 Crores

 

  • Cold Chain, Value Addition and Preservation Infrastructure

Grant in Aid for Cold Chain, Value Addition and Preservation Infrastructure

35- 50%

Subject to maximum of INR 7 Crores

 

  • Primary Processing Centres / Collection Centres in Rural Areas

50%-75% Grant in Aid

Subject to maximum of INR 2.5 Crores

 

  • Mega Projects in Food Processing

Grant in Aid for Mega Projects In Food Processing

35%-45%

Subject to maximum of INR 12 Crores

 

  • Establishment and Modernization of Meat and Fish Shops

Establishment and Modernisation of Meat and Fish Shops

50%-75%

Subject to maximum of INR 5 Lakhs

Stamp Duty Exemption

NA

Interest Cost Subvention
  • Cold Chain, Value Addition and Preservation Infrastructure

Interest subvention for 5 years and every year subsidy will be paid to the Bank /FI directly

6%-7%

Subject to maximum of INR 2 Crores

 

  • Mega Projects in Food Processing

Interest subvention for a period of 7 years and every year subsidy will be paid to Bank/FI directly for the Mega Projects

6%-7%

Subject to maximum of INR 3 Crores

Important Links

Important Documents

Industrial Policy

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Jharkhand Food Processing Policy

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Major Players

  • Baba
  • Britanaia
  • ITC
  • Jalan Foods
  • Medha Dairy
  • Mishka
  • Morish
  • Osam
  • Patanjali
  • Safal
  • Sugna Foods
  • Swastik Foods

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