18.19 lakh new workers enrolled under ESI in Jan month (See 'Corp Brief') Credit to women by PSBs - Substantial increase over last 5 years: MoS (See 'Corp Brief') A&C - If renewal of contract is based on criteria of performance, contract is deemed to have to been extended, if said criteria is met: HC (See 'Legal Desk') MeitY to host 'Nano Electronics Roadshow' at Bengaluru (See 'Corp Brief') IPR - Clear case of capitalizing on plaintiff's goodwill & reputation, by infringing products bearing plaintiffs trademark, calls for compensation and damage cost: HC (See 'Legal Desk') 12 Mines Successfully auctioned: Govt (See 'Corp Brief') IBC - Commercial wisdom of Committee of Creditors (CoC) in rejecting resolution plan and opting for liquidation is 'non-justiciable': NCLAT (See 'Legal Desk') IICA launches Samarthya: National Competition on Corporate Rescue Strategies 2025 (See 'Corp Brief') NI Act - Cause of action u/s 138 arises only when amount remains unpaid even after expiry of fifteen days from date of receipt of demand notice: SC (See 'Legal Desk') APEDA facilitates export of Anthurium flowers from Mizoram to Singapore (See 'Corp Brief') Competition Act - Transaction is notifiable and by consummating same without filing notice u/s 6(2) of Act, GS is liable to penalty u/s 43A of Act: CCI (See 'Legal Desk') Goa Shipyard launches second P1135.6 frigate (See 'Corp Brief') IBC - Mere absence of option to purchase leased equipments vested in Corproate Debtor can not make financial lease as operational lease: NCLT (See 'Legal Desk') 'Building Climate-Resilient Future' symposium concludes with commitment to Action (See 'Corp Brief') Most prudent course of action is to direct company to refund money raised through IPO, if company relied on sham entity and participated in cover-up: SEBI (See 'Legal Desk') Indian Army organises Special Cataract Eye Surgery Camp for Ex-servicemen (See 'Corp Brief') Stock broker shall be liable for monetary penalty in respect of violations, inter-alia namely, extending use of trading terminal to any unauthorized person or place: SEBI (See 'Legal Desk') Change by Heraclitus and LODR Regulations (See 'Corp EINSICHT')

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