To promote setting up of bulk drug parks in the country for providing easy access to world class Common Infrastructure Facilities (CIF) to bulk drug units located in the park in order to significantly bring down the manufacturing cost of bulk drugs and thereby make India self-reliant in bulk drugs by increasing the competitiveness of the domestic bulk drug industry. Promotion of Bulk Drug Parks scheme subsidy for bulk drug park
To help industry meet the standards of environment at a reduced cost through innovative methods of common waste management system.
Active Pharmaceutical Ingredient (API):
Any substance or mixture of substances intended to be used in the manufacture of a drug (medicinal) product and that, when used in the production of a drug, becomes an active ingredient of the drug product. Such substances are intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or function of the body.
Common Infrastructure Facility (CIF):
The Common facility with capacity commensurate with the expected number of manufacturing units in the bulk drug park, provided by the State Implementing Agency (SIA). Common facilities include:
i. Central Effluent Treatment Plant(s) (CETP)
ii. Solid waste management
iii. Storm water drains network
iv. Common Solvent Storage System, Solvent recovery and distillation plant
v. Common Warehouse
vi. Dedicated power sub-station and distribution system with the necessary transformers at factory gate
vii. Raw, Potable and Demineralised Water
viii. Steam generation and distribution system
ix. Common cooling system and distribution network
x. Internal road network, Compound Wall Note: The cost of these components (mentioned at serial no. x) shall not exceed 15% of the total project cost.
xi. Common logistics (Clearing and Forwarding, Insurance, Transportation, Customs, Weighbridges, etc.)
xii. Advanced laboratory testing Centre, suitable for even complex testing/ research needs of APIs, including microbiology laboratory and stability chambers
xiii. Emergency Response Centre
xiv. Safety! Hazardous operations audits centre
xv. Centre of Excellence:
a) Regulatory awareness facilitation Centre
b) Technology business incubator
c) Intellectual Property Rights management services
d) Process! technology development laboratory! Research Laboratory! with pilot plants run by eminent scientists with track record of such competitive technology development for import substitution
e) Industry Academia linkage Centre
f) Training centre Bulk Drug Park: For the purpose of this Scheme, a bulk drug park means a designated contiguous area of land with common infrastructure facilities for the exclusive manufacture of APIs or Dis or KSMs.
Scope of the Scheme
1. This is a Central Sector Scheme.
2. Total financial outlay of the Scheme is Rs. 3000 Crore.
3. Three bulk drug parks will be supported under the Scheme.
4. Maximum grant-in-aid for one bulk drug park will be limited to Rs 1000 crore.
5. The duration of the Scheme is from FY 2020-202 1 to FY 2024-2025.
6. Under the scheme, a one-time grant-in-aid will be provided for creation of common infrastructure facilities in selected Bulk Drug Park proposed by a State Government.
7. The scheme will be implemented through a State Implementing Agency (SIA), a legal entity, set up by the concerned State Government.
8. The grant-in-aid will be 70% of the project cost of the common infrastructure facilities (CIF). In case of North Eastern States and Hilly States (i.e Himachal Page 3 of 3:1. Pradesh, Uttarakhand, UT of Jammu & Kashmir and UT of Ladakh), the grantin-aid will be 90% of the common infrastructure facilities.
9. The Formulation units shall not be permitted in the Park.
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 PLI scheme for steel sector
The PLI incentive is expected to boost the domestic production of specialty steel by,
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 %
Volume
Value
Volume
Value
(Million tonnes)
(Rs. Cr)
(Million tonnes)
(Rs. Cr)
Production
17.6
97,287
42.2
2,42,838
140%
Import
3.7
29,256
0.9
7355
-76%
Export
1.6
9,474
5.5
33,024
244%
•
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). • Projected export (in volume) is expected to become more than 3 times the present volume. • import (in volume) is expected 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.
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
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,
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 %
Volume
Value
Volume
Value
(Million tonnes)
(Rs. Cr)
(Million tonnes)
(Rs. Cr)
Production
17.6
97,287
42.2
2,42,838
140%
Import
3.7
29,256
0.9
7355
-76%
Export
1.6
9,474
5.5
33,024
244%
• 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.
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
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 Beneficiary
Indicative cost depending on the Lateral Spacing per ha
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
(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.
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.
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)
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.
Item
Cost 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.
