Rural Infrastructure Development Fund

rural Infrastructure Development Fund rural Infrastructure Development Fund rural Infrastructure Development Fund RIDF scheme RIDF scheme

Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs.2,000 crore. With the allocation of Rs.29,848 crore for 2020-21 under RIDF XXVI, the cumulative allocation has reached Rs.3,78,348 crore, including Rs. 18,500 crore under Bharat Nirman. RIDF scheme rural Infrastructure Development Fund

Eligible Activities

At present, there are 37 eligible activities under RIDF as approved by GoI. (Annexure I). The eligible activities are classified under three broad categories i.e.

Agriculture and related sector

Social sector

Rural connectivity

Annexure I – Eligible Activities

Eligible Institutions

State Governments / Union Territories

State Owned Corporations / State Govt. Undertakings

State Govt. Sponsored / Supported Organisations

Panchayat Raj Institutions/Self Help Groups (SHGs)/ NGOs

{provided the projects are submitted through the nodal department of State Government (i.e Finance Department) }

Mode of Finance

NABARD releases the sanctioned amount on reimbursement basis except for the initial mobilisation advance @30% to North Eastern & Hilly States and 20% for other states.

Quantum of Loan and Margin/Borrower Contribution

The project for rural connectivity, social and agri-related sector, are eligible for loans from 80 to 95% of project cost. Cost escalation proposals for certain genuine reasons are consider within two years of sanction. i.e

Rate of interest:

With effect from 01 April 2012, the interest rates payable to banks on deposits placed with NABARD and loans disbursed by NABARD from RIDF have linked to the Bank Rate prevailing at that point of time.

Repayment period:

Loan to be repaid in equal annual instalments within seven years from the date of withdrawal, including a grace period of two years. The interest shall paid at the end of each quarter i.e. 31 March, 30 June, 30 September and 31 December every year, including grace period.

Penal Interest:

Interest on the overdue interest amount is to paid at the same rate as applicable to the principal amount.

Security for Loan:

Loans sanctioned would secured by the irrevocable letter of authority/mandate registered with Reserve Bank of India/any other Scheduled Commercial Bank, Time promissory Note(TPN), Execution of unconditional Guarantee from State Governments

(Additionally required for support to State Government sponsored organisations, etc.) and acceptance of terms and conditions of sanction in the duplicate copy of the sanction letter.

Phasing of RIDF projects:

The implementation phase for projects sanction is spread over 2-5 years, varying with type of the project and location of the State.

Additional Information

Cumulative Sanctions and Disbursements

Below is the list of annual and monthly cumulative sanctions and disbursements under RIDF

Monthly

Annual

Monitoring mechanism for RIDF Projects

Evaluation Studies

Rural Infrastructure Promotion Fund (RIPF)

Long Term Irrigation Fund

Ongoing Projects

Completed Projects

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Production Linked incentive scheme for steel subsidy for steel manufacturing

Production Linked Incentive (PLI) Scheme for Specialty Steel

PLI Scheme For Steel sector PLI Scheme For Steel sector PLI Scheme For Steel sector subsidy for steel manufacturing subsidy for steel manufacturing subsidy for steel manufacturing

Objectives of PLI Scheme for Specialty Steel

The objective of PLI scheme for ‘speciality steel’ is to promote manufacturing of specialty steel grades within the country by providing financial incentives. Presently the country operates at the low end of value chain in steel manufacturing subsidy for steel manufacturing

The PLI incentive is expected to boost the domestic production of specialty steel by,


• attracting significant investment
• infusing technology and know-how
• promoting exports.

The total outlay will be ₹6,322 crore.

Incentive under the scheme will be provided for a maximum period of five (5) years.
The first incentive will be payable from 2023-24 based on the commercial production of 2022-23.   

The scheme covering Specialty steel grades shall be applicable for the following five (05) indicative product categories:
i. Coated/Plated Steel Products
ii. High Strength/ Wear resistant Steel
iii. Specialty Rails
iiii. Alloy Steel Products and Steel wires
v. Electrical Steel

Eligibility

A company registered in India under the companies Act 2013, that is engaged in manufacturing of the identified “Specialty steel” grades, subject to the input material being melted and poured within the country using iron ore/scrap/sponge iron/pellets etc. shall be eligible to apply for incentive under the scheme. End to end manufacturing will thus take place within the country.

Scheme Benefits

 Baseline (2019-20)  Projected (2026-27)  In %
VolumeValueVolumeValue
(Million tonnes)(Rs. Cr)(Million tonnes)(Rs. Cr)
Production17.697,28742.22,42,838140%
Import3.729,2560.97355-76%
Export1.69,4745.533,024244%

• Projected production of the identified ‘specialty steel’ grades is expected to more than double by 2026-27. (Baseline production is 17 million tonnes, projected production is 42 million tonnes).
• Projecte export (in volume) is look for to become more than 3 times the present volume.
• import (in volume) is to reduce by 4 times.
• An expected investment of ₹39,625 crore by 2029-30 in ‘specialty steel’.

Calculation

Incentive is calculated based on the incremental production which is multiplied by the incentive slab as applicable and the weighted average sales price of the product. For example,
A = Incremental sales in current year with reference to previous year or the base year whichever is higher

B = Weighted Average sale price (net of taxes) in current year
C = Weighted Average sales price (net of taxes) in the base year (2019-20)
Incentive = (A/B) x (B or C, whichever is lower) x (PLI rate as applicable)/100
*Current year means the year for which PLI has been claimed.

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Maharashtra State Innovative Start-Up Policy 2018

Objectives

  • Provide a platform and nurture the entrepreneurial aspirations amongst the citizens of Maharashtra  
  • Empower start-ups to contribute significantly to Maharashtra’s economic growth andØ create employment opportunities for all sections of society  
  • Develop robust infrastructure and ease the regulatory framework to spur theØ development of the start-up ecosystem
  • Over a period of five years i.e. 2018 to 2023

Features

the digital mantra and the ‘e’ word buzzing across the globe, GoM will develop an online portal and a mobile app for easy access to all the relevant information related to the start-up ecosystem including the list of investors, mentors and various other facilities. This policy will help Maharashtra L-E-A-P-F-R-O-G into a premier start-up destination.

1. Lighten Regulatory Compliance

the benefits being provided by GoM, Start-ups ought to fulfil the eligibility criteria and should be registered with the GoM. Support will be provided to Start-ups across stages i.e. early/ idea/seed stage, growth stage and mature stage. One possibility is to create an organisation which may allow different start-ups to commence operations as an independent vertical and then to spin off after maturity

1.1. Self-Certification

The procedure for conducting inspections will be made simpler and will be on the lines of Start-up India: Action Plan. Start-ups shall be permitted to file self-certification in prescribed format for select government compliances. No inspections shall be conducted for a period of seven years. Start-ups will also be able to do the Self-Certification through the mobile app/porta

1.2. Relaxing of Laws

Local laws shall be looked into with the view of relaxing some norms to allow easy compliances and gradually the State will progress towards relaxing the full-fledged norms. The Maharashtra Shops and Establishment Act shall be relaxed to allow start-ups with assetlight models to incorporate at a residential address.

1.3. Compensation for Stamp Duty & Registration Fees

For recognized incubators or start-ups that wish to rent space/property, 100% of stamp duty and registration fee may be compensated for first three years and 50% for the second tranche of three years

1.4. Assistance in Patent Filing Often start-ups are initiated by young people having very limited or no prior knowledge about various formalities including the Intellectual Property Rights (IPR). To sustain in this competitive world it is essential that they protect their IPRs. With limited manpower and resources, Start-ups are unable to protect their IPRs. GoM will ensure that these start-ups sustain by providing assistance in filing of Patents, Trademarks and Designs. Both technical and financial assistance will be provided to the Start-ups to withstand in this competitive world. Start-ups shall be provided with an 80% rebate in patent filing costs up to INR 2 lakhs for Indian patents and up to INR 10 lakhs for international patents.

2. E-connect the Ecosystem

The Start-up ecosystem is comprised of entrepreneurs, mentors, investors, industries, educational institutes, service providers, funding organizations and research organizations. There is a dire need to connect these stakeholders together to ensure there is sufficient flow of information and knowledge sharing. Young aspirants not only need financial assistance but also require technical expertise and learnings from experienced entrepreneurs to succeed in their current venture

3. Augment Infrastructure

The GoM will assist in providing world-class infrastructure facilities to emerge as one of the premier states in attracting Start-ups to Maharashtra. This section details out various initiatives that will be taken by the State to augment infrastructure for Start-ups, Incubators, Accelerators, Centres of Excellence, and Start-up Parks in Maharashtra.

3.1. Setting up Innovation

Clusters The GoM would leverage the strength bestowed upon various cities across the State and simultaneously build on it. Each State of Maharashtra has its own forte like Mumbai is the financial hub as well as a leader in AVGC segment. Pune has its strength in Auto & Electronics industry as well as Hardware products, Aurangabad has attracted leading manufacturing industries. Thus, based on existing and potential regional economic advantages, urban local bodies and the local industries will work together to nurture sector-specific start-ups and establish major urban/rural areas as innovation clusters.

3.2. World Class Incubators through Collaborations

 The GoM shall support development of incubators on a Private, Public or Public-Private Partnership (PPP) mode in collaboration with higher educational institutions, R&D institutions, and the corporate sector. The GoM will collaborate with both national and international accelerators and incubators to develop world-class facilities and enable cocreation/ collaboration programs to learn from such ecosystems. This is critical for holistic growth of emerging start-ups. The incubators will be required to be incorporated as a Special Purpose Vehicle (SPV), either a Section 8 company or a private limited company registered under the Companies Act, 2013. The SPVs will not be allowed to incorporate as trusts or societies.

3.2.1. Academic

Universities/Colleges/Polytechnics/ITIs with a demonstrated history of innovation on campus will be identified and business incubators will be established within their premises. These incubators will have an independent board to oversee its functioning and existing incubators at premier academic institutions will mentor the upcoming facilities

3.2.2. Research

Three cluster-specific Centres of Excellence (CoEs) will be established in premier research institutions in the state. State would build partnerships at the global level to ensure that these CoEs not only provide world-class infrastructure facilities but also world-class services and guidance to the start-ups at various stages of growth. Each CoE will be connected to an academic/private incubator

3.2.3. Private

The State will provide support to leading corporates, industries and industry associations to establish incubation facilities specializing in their domain. Private firms will be encouraged to establish sector agnostic co-working spaces. Whenever any government department or a government agency allocates any land for any industry or provide extra FSI over and above of base FSI on the land owned by any industry, it should be mandated that the industry shall promote and mentor the start-ups and also undertake minimum 10% product or service procurement from these start-ups

3.2.4. Rural & Social

The State will play a facilitative role between entrepreneurs and innovators especially in the social enterprise space. This is crucial because innovators invest on improving the kind of product/service that should reach market but entrepreneurs take these innovations as products to the market. To ensure that the rural and social sector start-ups focus on their business ideas, the State will provide scholarships to select promising social and rural startups by providing rental rebates of up to 50% at incubators/co-working spaces.

 4. Funding Start-Ups

To ensure seamless and uninterrupted growth of start-ups, adequate funding support will be provided to the start-ups across stages i.e. early/seed stage, growth stage and mature stage to ensure holistic growth of the entire ecosystem. Start-ups that would qualify for the eligibility conditions in Maharashtra and who are registered at the portal will be entitled to receive grants and financial assistance. The State envisages to develop a self-sustaining financial model for the start-ups in Maharashtra.

4.1. Fund-of-Funds

A fund-of-funds will be established with an initial corpus of ₹100 Crore and a total corpus of ₹500 Crore over a period of four years. Investments will be made in SEBI-registered funds including early stage i.e. angel and seed funds. A professional investment management team will be recruited for

4.2. Infrastructure Fund

The State will institute an Infrastructure Fund to provide assistance to academic incubators, CoEs, and tinkering labs to cover capital and operational expenditures in the establishment and/or expansion of facilities. Special infrastructure like cloud, internet etc. may be made available through various service providers.this purpose. Certain risks of primary funds may be hedged using this fund of funds to cover the cost of funds for concerned start-ups.

4.3. Crowdfunding

 Social entrepreneurs comes with a very different set of problems and hence, the cost for bringing their product/service into market/doorstep is very high as compared with commercial enterprises. The social enterprises in India require a huge amount of long-term capital and have long gestation period. The State will provide vital financial support to the Social sector start-ups4 . They may receive grants matching the contributions raised on verified online crowdfunding platforms, up to INR 5 lakhs. The number of individual donors must exceed 100.

4.4. Corporate Social Responsibility

The State will encourage private and public corporations to utilize CSR funds towards supporting academic incubators/accelerators/CoEs/Start-up parks.

4.5. Alternative Investment Mechanism

 An alternative investment mechanism would be established in Maharashtra which would allow start-ups to float their shares in more flexible ways that may enable investments in various modes, scales and lock-in periods. This would increase the base of possible investors in start-ups to whole of society at lower scales and would attract investors from across the world at higher scales

subsidy for sugarcane Irrigation

Drip Irrigation for Sugarcane

subsidy for sugarcane Irrigation subsidy for sugarcane Irrigation subsidy for sugarcane Irrigation

Government of Maharashtra is giving focus on drip irrigation while issuing new water lifting permissions. Moreover, subsidy is extended to the extent of 60 % to the farmers having agriculture land up to 5 acres and 50 % to the farmers having agriculture land above 5 acres. It is now established that use of drip irrigation in raising sugarcane crop increases yield about 20-25 tons per ha. The use of drip system also helps in saving energy consumption to the extent of 40% and water about 50%

Selection of the area

Nagpur District is rain fed area and has great potential for drip irrigation as one of the important crop grown here is sugarcanes. Hence the whole of Nagpur district is targeted for the proposed area development scheme for drip irrigation as it not only help in saving precious water resources but would also enhance agri. productivity from the region andcontribute to great extent in mitigating prevailing agrarian crises. We may select 2 blocks i.e. Umred and Hingana as these blocks are having 90% of sugarcane production in the district

Selection of beneficiaries

The primary criteria for selection of beneficiary for drip irrigation would be those farmers having dug well or other permanent source of water in or at vicinity from their fields. The marginal and small farmers especially from backward and tribal classes given priority along with women headed families, and destitute /widow women in selection of beneficiary under this scheme.

Forward and backward linkages

Forward linkages – increased agri productivity, diversified crop production, markets, industries (small and cottage), value addition, agri processing units etc

 Backward linkages – increased wage labour, availability of wage labour opportunities, skill enhancement, access and increased credit facilities, reduction in drudgery of women, gender equality, etc

Training / Capacity building of the beneficiaries

The supplier and respective company providing drip irrigation sets shall orient the beneficiaries regarding the operation and maintenance of the drip irrigation units.

Techno economic assumptions & project components

The small and marginal farmers from the region are supposed to benefitted under the proposed activity as they entitled to drip irrigation units with a subsidy of 50%. The drip irrigation

system would be helpful in cultivation of cotton crop and would further help the small and marginal farmers in increasing their agricultural productivity

Subsidy:

Subsidy is available under the Maharashtra Micro Irrigation Project scheme subsidy pattern will as per operational guidelines of National Mission on Micro Irrigation (NMMI) which is indicate below

Type of BeneficiaryIndicative cost depending on the Lateral Spacing per haSubsidy %Remarks
Small and marginal farmers18820 to 9759860%Upper limit of subsidy upto 5 ha. per beneficiary
Other Farmers (General)18820 to 9759850%


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Venture Capital Assistance Scheme (9)

LGSCAS Scheme

loan grantee scheme loan grantee scheme loan grantee scheme

LGSCAS is a scheme to provide guarantee by National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) for fund based or non-fund based facility upto Rs.100 crore extended by Scheduled Commercial Banks (SCBs) to eligible projects in the healthcare sector for setting up of or for modernizing /expansion of loan grantee scheme

(i) hospitals/dispensaries/clinics/medical colleges/pathology labs/diagnostic centres;

 (ii) facilities for manufacturing of vaccines/oxygen/ventilators/priority medical devices and

 (iii) public healthcare facilities

The objective of the Scheme

The Scheme is a specific response to the unprecedented situation arisen due to COVID19. It seeks to ramp up COVID related healthcare infrastructure and services in the country and also to be future ready

The Scheme would be applicable to all loans sanctioned under LGSCAS during the period from May 07, 2021 to March 31, 2022 or till guarantees for an amount of Rs.50,000 crore are issued under LGSCAS, whichever is earlier.

The Scheme is open for assistance to new units (Greenfield projects) as well as existing eligible units going in for expansion / modernization etc. (Brownfield projects) in the sector(s) specified.

The entire funding provided under LGSCAS shall be provided with credit guarantee coverage by NCGTC under the Scheme, as per details below : For Greenfield projects – 75% For Brownfield projects – 50%; however, projects in inspirational districts shall qualify for 75% cover;

Eligibility criteria

The eligibility criteria under the Scheme are as under:

• Total loan requirement upto Rs.100 crore

(including fund based and non-fund based facility)

• Project coming up in a non-Metropolitan area being provided out of COVID Loan Book of the SCBs

 • pertains to the healthcare sector for setting up of or modernisation/expansion of allowing that in individual capacity will not be covered under the Scheme.

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Venture Capital Assistance Scheme (8)

Importer -Exporter Code Licence

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Importer -Exporter Code

The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by the DGFT. In case of import or export of services or technology, the IEC shall required only when the service or technology provider is taking benefits under the Foreign Trade Policy or is dealing with specified services or technologies- IEC code consultancy consultants for IEC code

The nature of the firm obtaining an IEC may be any of the follows- “Proprietorship, Partnership, LLP, Limited Company, Trust, HUF and Society.” Consequent upon introduction of GST, IEC number is the same as the PAN of the firm. The IEC separately issued by DGFT.

Benefits of Import Export Code

Diversification of Business

One of the main benefits of applying for IEC is to expand business opportunities. This can achieved not only through exports, but also imports into India. Any entrepreneur or company can have seamless experience without any compliance burden.

Government Benefits

Registering under the IEC system would automatically provide the business with benefits. Any form of compliance related provisions can adhered by the business. Apart from this, there would be certain schemes which would provide benefits to businesses.

No Requirement to File Returns

No returns are required to filed under this system. Hence one the code is assigned there is no requirement to prove the certification’s legitimacy by filing of returns.

Authorised by Government

When carrying out exports from India, products which are shipped would certified as per the requirements of the DGFT. Hence through this process, increased reputation can achieved.

Proprietorship Firm

An individual carrying out the process of imports and exports would require to secure the IEC certification.

Partnership Firm

A firm of partners would also require taking this certification, if they are exporting and importing products.

When is Import Export Code Registration Require?

  • For Clearing Shipments of the importer from customs authorities.
  • When remitting money abroad through authorised banks, banks require this code.
  • Exporting Shipments abroad.
  • When the exporter receives inward remittance, then this code is requireby the bank.
  • For Food Licensing and FSSAI registration this code is require.
  • For APEDA registration this code is require.
  • Any form of subsidy availed by the exporter then this code would be require.

Characteristics of the Import Export Code

  1. Mandatory  Requirement
  2. Legal Treatment and  Evidences
  3. Life Time Validity
  4. IEC registration  is  require  to comply  with law
  5. Required  for foreign  Bank Transfer
  6. All  Entities can use  this code   

Process of Registering for IEC

  1. Preparation of application
  2. Processing  the application
  3. Payment of IEC  Fees
  4. Issuing  Code

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Venture Capital Assistance Scheme (7)

A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’ (ASPIRE)

ASPIRE scheme for msme ASPIRE scheme for msme ASPIRE scheme for msme ASPIRE scheme for msme ASPIRE

scheme for msme ASPIRE scheme for msme Scheme for Promotion of Innovation Rural Industries Scheme for Promotion of Innovation Rural Industries Scheme for Promotion of Innovation Rural Industries

A. OPERATIONAL GUIDELINES FOR LIVELIHOOD BUSINESS INCUBATOR (LBI)

Objectives of LBI:

• settingup business incubators so that eligible youth can be adequately incubated in various skills and be provided the opportunity to set up their own business enterprises;

• To impart entrepreneurship, and skill development training to youth;

 • provide mentoring and hand holding with facilitation for funding with a view to empower them to set up own business enterprises.

• promote new low-end-technology/livelihood based enterprises

Quantum of Assistance

In respect of centres to be set up by NSIC, KVIC or Coir Board or any other Institution/agency of GOI/State Govt. on its own or by any of the agency/organization of the M/o MSME,

one-time grant of 100% of cost of Page 2 Plant & Machinery other than the land and infrastructure or an amount up to INR 100 Iakh, whichever is less to be provided.

(b) In case of incubation centres to be set up under PPP mode with NSIC, KVIC or Coir Board or any other Institution/agency of GOI,

one-time grant of 50% of cost of Plant & Machinery other than the land and infrastructure or INR 50.00 lakh, whichever is less to be provided.

(c) A total number of 150 such centers are being targeted to be set up under

this component with an estimated financial outgo of INR 135 Crore.

B. OPERATIONAL GUIDELINES FOR TECHNOLOGY BUSINESS INCUBATOR (TBI)

MoMSME would support existing incubation centres currently operating under different Ministries and Departments of the Government of India or Institutions including National/Regional level institutions of GOI/State Governments to set up centres dedicated to incubation and enterprise creation in the area of Agro based Industries.

MoMSME would be supporting Technology Business Incubators primarily in and around academic and technical institutions to tap potential technology ideas and innovations for enterprise creation by effectively utilizing expertise and existing infrastructure already available with the incubators under the aforesaid institutions.

The Ministry would assist to set up new incubation centres by eligible private institutions including Industry Associations, along with the Academic Institutions, R&D laboratories, Universities, Government entities and Technology Parks. Region wise, Crop wise, Product wise, Process wise and Industry Vertical wise Incubation Centres will be promoted.

The existing incubators under different Ministries would be required to provide built up covered space with electric power & water connections, any other forward / backward linkages and

required manpower resources for both the centres to be created within the existing incubators and also for the new incubators

Eligibility

To set up new incubation centres, eligible private institutions including Industry Associations, along with the Academic Institutions, R&D laboratories, Universities,

Government entities and Technology Parks, Technical institutions with a proven track record in promotion of innovative/technology based entrepreneurship in the agro-rural landscape.

Existing incubation centres currently operating under different Ministries and Departments of the Government of India or Institutions including National/Regional level institutions of GOI/State Governments.

The existing incubator should have adequate expertise and infrastructure to support incubation activity for promoting Innovation, Entrepreneurship, Agro-based industry.

Quantum of Assistance

Setting up of Incubation Centres: (i) One-time grant of 50% of cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR30 Lakh,

whichever is less to be provided for supporting 20 existing incubation centres under different

Ministries or Departments or government funded institutions such as DST, DBT, ICRISAT, ICAR to set up such centre dedicated to incubation and enterprise creation in the area of Agro based Industry.

This will also include a provision of 10% towards refurbishment cost within the grant. [INR30 lakh x 20 Centres=INR6 crore];

One-time grant of 50% of cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR100 Lakh,

whichever is less to be provided for setting up of new incubation centres by eligible agencies dedicated to incubation and enterprise creation in the area of Agro based Industry.

This will also include a provision of 10% towards refurbishment cost within the grant. [INR100lakh x 10 centres=INR10 crore]

Incubation of Ideas: INR4 Lakh per idea to paid upfront to the incubator to nurture the idea at inception stage to the stage of proof of concept. Each incubator to submit 10 compelling ideas [300 Ideas x INR4lakh=INR12 Crore].

Creation of Business Enterprise out of innovative ideas:

(i) One time grant of INR1.00 Crore will be provided to the eligible incubator as Seed Capital Revolving Fund for setting Business Enterprises out of the Innovative ideas incubated.

The Incubator will invest as Debt/Equity/ Venture Capital funding up to 50% of total project cost or INR20 Lakh per start up whichever is less for setting up of the start-ups to the incubate for commercialization of the innovative and successful ideas. The returns will ploughed back to the Seed Capital Revolving Fund

Such innovative and successful ideas which are ready for commercialization through developing prototype or proof of concept (POC) or test marketing/ validation in case where POC already exists will supported by the incubator out of this Seed Capital Revolving Fund. [INR20 lakh x 150 start-ups=INR30 Crore

C. OPERATIONAL GUIDELINES FOR FUND OF FUNDS TO MANAGED BY SIDBI

ASPIRE Fund of Funds under SIDBI with a corpus Fund of INR 60 Cr will augmented with an amount of INR 250Crore, making the total corpus INR 310 Crore.

This start-up promotion targets those knowledge initiatives which need support and nurturing to succeed in developing technology and business enterprise in near future in the areas of Innovation, Entrepreneurship,

Forward Backward Linkages with multiple value chain of manufacturing and service delivery, Accelerator support etc in the Agro based Industry verticals either directly or indirectly

This start-up promotion targets those knowledge initiatives,

which need support and nurturing to succeed in developing technology and business enterprise in near future.

Opportunities exist for scaling up manufacturing, productivity enhanced margins, etc. in agro and rural based industry.

Agribusiness companies have the opportunity not only to serve domestic market but also regional or overseas markets with same or similar product mix.

The improvement in infrastructure for storage and transportation is also facilitating companies to address overseas markets.

In turn, companies are increasingly able to build, scale and develop supply chain and standards acceptable to world markets in agribusiness.

Eligibility Criteria of Venture Capital Funds

The fund received from ASPIRE scheme is to invested in suitable funds falling under the Category I & II Alternative Investment Funds (AIF) registered with SEBI.

 The AIFs should invest at least twice the amount of contribution received under ASPIRE Fund in Start-ups / early stage enterprises under Micro, Small and Medium Enterprises (MSME) category, of which 1X shall invested in the agro and rural focused Start-ups/ early stage enterprises under MSME category. Exclusive IT based application / intervention in the agro and rural based industry verticals shall not qualify for this compliance

Read More

https://finraja.com/guidelines-of-cluster-development-programme/uncategorized/(opens in a new tab)

https://finraja.com/credit-guarantee-fund-scheme/uncategorized/

https://finraja.com/scheme-for-construction-of-cold-storage/uncategorized/(opens in a new tab)
Commercial Horticulture Development in open field conditions on project mode

Commercial Horticulture Development in open field conditions on project mode

Horticulture Development in open field condition Horticulture Development in open field condition subsidy for horticulture subsidy for horticulture subsidy for horticulture

objectives

National Horticulture Board will take up integrated commercial horticulture development projects in open field conditions on project mode , including components viz planting material, plantation, irrigation, fertigation, mechanization, precision farming, GAP etc. subsidy for horticulture

for projects covering area over 2.00 ha Cost of raising new plantation will vary from crop to crop, which will be taken into consideration while providing assistance to the beneficiary.

Integrated production unit on Mushroom and tissue culture shall also be eligible for assistance under this component. The components like farm machinery and PHM infrastructure, irrigation and micro irrigation etc shall be eligible under the scheme for assistance in existing/new orchards/projects to increase productivity.

 Crops eligible:

May please see from cost norms of Open field cultivation under NHB scheme.

Pattern of assistance:

Credit linked back-ended subsidy @ 40% of the total project cost limited to Rs 30.00 lakh per project in general areas and @ 50% of project cost limited to Rs. 37.50 lakh in NE Region, Hilly States and scheduled areas.

Maximum Project costs allowed for subsidy calculation.

ItemCost Norms*Pattern of Assistance
Development of Commercial Horticulture
Commercial Horticulture Development in open field conditions, including components viz planting material, plantation, irrigation, fertigation, precision farming, GAP etc.Rs. 75.00 lakh /per project (Rs 125.00 lakh for date palm, olive and saffron) for projects covering area over 2 ha.Credit linked back ended subsidy @ 40% of project cost limited to Rs.30.00 lakh per project in general area and @ 50% of project cost limited to Rs. 37.50 lakh for NE Region, Hilly States and scheduled areas.

https://finraja.com/sfurti-scheme-for-cluster/uncategorized/(opens in a new tab)
https://finraja.com/scheme-for-construction-of-cold-storage/uncategorized/(opens in a new tab)
https://finraja.com/pli-scheme-for-food-processing/uncategorized/(opens in a new tab)
https://finraja.com/guidelines-for-establishment-of-incubation-center/uncategorized/(opens in a new tab)

Credit linked back-ended subsidy @ 40% of the total project cost limited to Rs 30.00 lakh per project

in general areas and @ 50% of project cost limited to

Rs. 37.50 lakh in NE Region, Hilly States and scheduled areas.

Credit linked back-ended subsidy @ 40% of the total project cost limited to Rs 30.00 lakh per project in general areas and @ 50% of project cost limited to Rs. 37.50 lak

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h in NE Region, Hilly States and scheduled areas.

subsidy for bamboo plantation National Bamboo Mission

Operational Guidelines Of National Bamboo Mission

subsidy for bamboo plantation subsidy for bamboo plantation subsidy for bamboo plantation National Bamboo Mission National Bamboo Mission National Bamboo Mission National Bamboo Mission subsidy for bamboo plantation

Objectives of National Bamboo Mission

subsidy for bamboo plantation

  • To increase the area under bamboo plantation in non forest Government and private lands to supplement farm income and contribute towards resilience to climate change as well as availability of quality raw material requirement of industries. The bamboo plantations will be promoted predominantly in farmers’ fields, homesteads, community lands, arable wastelands, and along irrigation canals, water bodies etc.- subsidy for bamboo plantation National Bamboo Mission
  • To improve post-harvest management through establishment of innovative primary processing units near the source of production, primary treatment and seasoning plants, preservation technologies and market infrastructure

Funding Pattern

The funding pattern will be 60:40 between Centre and State Govt. for all States excepting NE & Hilly states, where it would be 90:10 and 100% in case of Union Territories/ R&D Institutes/ Bamboo Technology Support Groups (BTSGs) and National Level Agencies. For Cooperatives sector the Central Funding component would be routed through NCDC as the Nodal Agency

Components under the scheme

  1. Research and Development

The programmes under research and development will concentrate on technology generation as appropriate to each region/ State/UT, keeping in view their specific agro-climatic and socio-economic conditions. Bamboo-based agroforestry systems include homesteads, block plantations, wide-row intercropping, wind breaks and miscellaneous systems.

2. Plantation development

The main objective of this component is to increase production and productivity of commercially important bamboo species for boosting domestic supply to industry and reduce dependence on imports. Commercially important bamboo species for plantation under the mission, as identified after discussion with stakeholders are Bambusa tulda, B.bambos, B. balcooa, B.cacharensis, B.polymorpha, B.nutans, Dendrocalamus asper, D.hamiltonii, Thyrostachys oliverii, and Melocanna baccifera Besides, States may enocourage plantation of indigenous species as per choice of farmers and industrial importance

3. Establishment of Nurseries

A sizable quantity of quality planting material will be required to meet the targets set. Nurseries (Small, Big & Hi-tech) shall be established in public & private sector. Tissue culture raised planting materials of superior germplasm should be resorted to wherever required to ensure quality and productivity

These measures may be through Forest Departments, User Industries, Research Institutions, Universities, Farmer Groups, Self Help Groups, KVKs / NGOs and individual farmers. Commercial production in private sector and cooperatives should be encouraged for regular and sustained supply of planting material

4.Nurseries

Hi Tech Nurseries: For supply of quality planting material in large quantities, which is free from diseases and viruses, Tissue Culture Units shall be set up. Efforts will be made to set up these units in the ICFRE / ICAR institutes & other organisations in private/ public or cooperative sector. Tissue culture Units would be set up under the close supervision and technical support from ICFRE / ICAR. Each nursery shall produce a minimum of 50,000 nos of sapling/ seedlings per ha per yea

Big Nursery

Each nursery shall produce a minimum of 25,000 nos of sapling/ seedlings per ha per year of mandated species duly certified for its quality. Nursery should have own composting unit, proper source of certified seeds/propagule/ irrigation system and green house /shade/mist chamber

Small Nursery

 Each nursery shall produce a minimum of 16,000 nos of sapling/ seedlings per year of mandated species duly certified for its quality.

5. Raising New Plantations

For achieving economies of scale it is imperative that preference be given to Farmer Producer Organisations (FPOs), Farmer Producer Companies (FPCs), Cooperatives, Village Producers’ Organizations (VPOs), Self Help Groups (SHGs), Cooperatives and the like. All plantations are to be geo-referenced.

  • High density plantations
  • Block plantation/boundary plantations on farmers’ fields:

6. Micro-Irrigation

7. Post-harvest storage and treatment facilities

Bamboo is affected by several insects and fungi during growth,

storage and after product manufacture. Preventive and remedial measures employing physical, chemical and biological techniques are available

8. Promotion and Development of Infrastructure for Bamboo Market

9. Bamboo Market Research

10. Incubation Centres

11. Production, Development &Processing

12. Export of bamboo based products

Cost norms and funding pattern

Tentative ActivitiesIndicative unit cost (upper limit) (Rs in lakh)Pattern of assistance
A . Propagation & Cultivation
Bamboo Nursery both in public and by private sectors including strengthen (project based)i) Hi-tech (2 ha) ii) Big (1 ha) iii) Small (0.5 ha)50 16 10100% of cost to Govt. sector and 50% of cost to private sector as credit linked back ended subsidy
High density Bamboo plantation on Govt./ Panchayat/ Community land including waste landsRs 1.00 lakh per ha over a period of 3 years100% of cost to Govt. sector. For private sector 50% of the cost upto 2 ha
Block plantation/ boundary plantation on farmers fieldRs.1.00 lakh per ha (equivalent to Rs 240 per plant)100% of cost to Govt. and 50% of the cost to Private Sector over 3 years (50:30:20) Additional 10% assistance for NE States Maintenance funds will be linked to performance
B. Promotion of bamboo treatment and preservation
Establishment of bamboo treatment and seasoning plantsIn Govt. & private Sector20 (Project based)100% of cost to Govt. For Private Sector 50% of project cost subject to maximum upto indicative cost as credit linked back ended subsidy
Establishment of carbonisation plantsIn private Sector30 (PB)
Establishment of livelihood business incubatorsGovt./Private sector100 (PB)100% of cost to Govt. For Private Sector 50% of project cost subject to maximum upto indicative cost as credit linked back ended subsidy
C. Product Development and Processing
Establishment of processing units for value addition of Bamboo (in Nos.)Setting up of unit for cross cutting, slicing, splitting, knots removing, shaping etc30 (PB)100% of cost to Govt. For Private Sector 50% of project cost subject to maximum upto indicative cost as credit linked back ended subsidy
Management of Bamboo waste in primary processing unitsFor making of value added products like pellets & activated carbon25(PB)
Establishment of Micro/Medium processing units (in Nos.)Handicrafts/Cottage industryFurniture makingJewellery makingBamboo shoots processingIncense stick makingFabric/Fibre extractionCommon facility centre (CFC)Bamboo board /mat/corrugated sheets /floor tiles makingBio Energy extractionActivated Carbon productEthanol Gassifie15 (PB)25 (PB)15 (PB)20 (PB)25 (PB)50 (PB)25 (PB)200 (PB)200 (PB)200 (PB)500 (PB)
D. Promotion and Development of Infrastructure for Bamboo Market
Establishment of bamboo depots and godownsIn Govt. sector/ Private sector50 (PB)100% of cost in Govt. sector. 25% assistance as credit linked back ended subsidy in for private sectors
Promotion of bamboo mandi (bamboo market place) and e-tradingIn Govt. sector/ private sector100 (PB)100% of cost in Govt. sector. 25% assistance in private sectors subject to maximum upto indicative cost
Rural HaatRetail direct marketing20 (PB)
Bamboo bazaarRetail outlets for value added products at prominent places in the State15(PB)
E. Development of tools, equipment & machinery
Technological enhancement of indigenous tools, equipment & machineryProject based100% grant to Govt. institutions for development of design etc., 50% grant to those machine making units who are developing these machines
Import of technological superior tools, equipment & machinery in Common Facility Centre
F . Skill Development and awareness campaign (upto 5% of allocation)
i) Training of Farmers/ Artisans/ field functionaries/ International training / visit for exposure of NBM staff/ field functionaries including farmers and entrepreneurs in bamboo sector to upcoming technologies/ Entrepreneurs TrainingProject based100% of cost Rs. 1000 per head per day or as per the approved rates of the Govt. Institute
ii) Organizing workshop/ Seminars/training at International/ National/ State/ DistrictProject Based100% for Government
iii) Participation in domestic trade fairs/ international trade fairs/exhibition etc. including travel + boarding/ lodging of participating artisansProject Based
G . Research & Development (upto 10% of allocation)
Identification of genetically superior species / varieties   Establishment of tissue culture lab including strengthen for propagation of identified species / varieties + field trials   Demonstration plots to exhibit best practice to farmers   Incubation Centre   Bamboo market researchProject basedFor private sector upto 10 lakhs For Government organisation 100%
H. Project Management (upto 5% of allocation)
Project management contingency Monitoring & EvaluationProposal basedUpto 5%100%
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Subsidy for caravan park

Policy for development and promotion of Caravan and caravan

Subsidy for caravan park Subsidy for caravan park Maharashtra policy Maharashtra policy Maharashtra policy

Obectives

Caravan Tourism would attract a wide range of market segments including young people, families, senior citizens and international tourists. The Caravan tourism policy is aim to promote and facilitate and incentivise development of

Caravans are a unique tourism product, which promotes family oriented tours even in circuits / destinations, which are not having adequate hotel accommodation. The specially built vehicles used for the purpose of travel, leisure and accommodation would B termed as ‘Caravan’. One of the essential pre-requisites for Caravan tourism is the presence of sufficient Caravan Parks in the identified circuits. A Caravan Park is a place where Caravans can stay overnight in allotted spaces providing basic or advanced amenities and facilities.- Subsidy for caravan park Maharashtra policy

i. Caravan Parks in the public sector, private sector and PPP mode

ii. Caravans in the public sector, private sector and PPP mode

The Operational requirements for the Caravan parks would be:

  1. Caravan Parks to operational 24 x 7 during season and to connected by fair-weather road from the main road
  2. It shall have all necessary trading licenses / NOCs from
  3. concerned authorities including fire NOC
  4. Establishment shall have public liability insurance
  5. Standardization of electricity, water and sewage connections to ensure total
  6. compatibility with Caravan specifications in India.
  7. The parks could be standalone or hybrid. However, in case of hybrid parks,
  8. the caravan parking facilities and related services should be physically
  9. separated and be away from other services like wayside amenities,
  10. restaurants, general vehicle parking or accommodation etc.

Promotion, Facilitation and Incentivisation by Government of India

Promotion and Marketing

Ministry of Tourism would undertake an extensive advertisement campaign to promote the concept and also for attracting investment in the Caravan Tourism infrastructure. Approved Caravan Parks would also promoted through the official website of the Ministry of Tourism, Incredible India media campaigns, publicity brochures, etc

Financial Assistance

i. 100% Central Financial Assistance (CFA) under the schem “Product/Infrastructure Development for Destinations and Circuits” on components admissible in the scheme will be provided to the State UT Governments to develop Caravan and Camping Parks on Government / Corporation land.

ii. CFA of 25% shall be provided for purchase of Caravans would be provided to State Government / UT Administration

General: Classification, Approvals and Facilitation

i. Classification of Caravan and Camping Parks: Ministry of Tourism will separately issue ‘Guidelines’ for Classification of Caravan and camping Parks based on the mandatory and desirable requirements / facilities

ii. Approval of Caravan tour operators: A tour operator / tourist transport operator has to have a minimum of two Caravan vehicles (having the minimum facilities as specified in para 15) in the name of the agency for approval as caravan transport tour operator. The other conditions for approval would remain the same as that applicable for transport tour operators

.iii. General Facilitation: Efforts would made to facilitate hassle free movement of Caravans, whether individually owned, commercial  driven or on rental basis.

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