HLC on banking to align financial sector growth to Viksit Bharat (See 'Corp Brief') Infra Risk Guarantee Fund to instil confidence in private developers (See 'Corp Brief') Shares buyback to be taxed as capital gains for all categories of shareholders (See 'Corp Brief') IIFT achieves 1st Position in Times B-School Ranking 2026 (See 'Corp Brief') Centre to enable States to establish regional medical hubs for tourism (See 'Corp Brief') Budget lays emphasis on scaling up manufacturing in 7 strategic sectors (See 'Corp Brief') Competition Act - intervention of CCI not warranted where allegations contained in Information are vague, sweeping & unsupported by material particulars necessary to establish contravention of Sections 3 or 4 of the Act: CCI (See 'Legal Desk') Interest accrued on motor accident compensation will no longer attract TDS (See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax (See 'Corp Brief') Tax certainty for non-resident individuals (See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition (See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums (See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth (See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade (See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity (See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

Govt runs scheme for setting up cold storage chains & related infrastructure

Published: Aug 09, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 09, 2024: THE Ministry of Food Processing Industries (MoFPI) has been implementing the scheme for Integrated Cold Chain and Value Addition Infrastructure (Cold Chain scheme) since 2008 for establishing cold chain projects under various sectors (including fruit and vegetable sector) across the country and subsequently, the scheme has been amalgamated with the Central Sector Umbrella scheme- viz. Pradhan Mantri Kisan Sampada Yojana(PMKSY) since 2017. However, supporting of cold chain projects pertaining to fruit & vegetable sector was discontinued w.e.f. 08.06.2022 under Cold Chain scheme and this sector has been shifted to Operation Greens scheme, an another component scheme of PMKSY.

MoFPI does not set up any food processing units under PMKSY on its own. The scheme is demand driven and applications / proposals are invited from eligible entities as per the extant scheme guidelines of the Cold Chain scheme through floating of Expression of Interest from time to time based on availability of funds. The proposals received are scrutinized for their eligibility and evaluated based on the criteria fixed as per the extant scheme guidelines. Merit based approvals are given to the eligible proposals based on availability of funds.

Cold chain projects can be set up by individuals (including farmers) as well as entity / organization (such as FPOs/ FPCs/ NGOs/ PSUs/ Firms/ Companies, etc.). Under Cold Chain scheme, financial assistance in the form of grants-in-aid/ subsidy is provided @ 35% of eligible project cost for projects in general areas and 50% of eligible project cost for projects in difficult areas as well as for projects of SC/ST, FPOs and SHGs, subject to the maximum of  Rs 10.00 crore per project.

MoFPI has been establishing cold chain projects under the cold chain scheme by inviting proposals across the country through floating Expression of Interests from time to time based on availability of funds. The consent of State Governments is not required for storage of food commodities in the cold chain projects approved by MoFPI. However, the assistance of the State Governments is required for obtaining statutory approvals essential for establishing the projects by the project implementing agencies.

This information was given by the Minister of State for Food Processing Industries Ravneet Singh in Lok Sabha in reply to a question yesterday.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.