Vaishnaw highlights ISM 2.0, indigenous design, manufacturing, talent and India's emergence (See 'Corp Brief') IBC - Arrangement of funds to enable corporate debtor to clear its liabilities, coupled with transfer of funds from cooperative bank loan account of applicant directly to bank, is not valid loan disbursement under IBC: NCLT (See 'Legal Desk') SEBI - SEBI, acting as statutory market regulator, is duty-bound to issue a reasoned, speaking order when a decision carries serious civil consequences for acquirer, target company & investors: SAT (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT) Centre commemorates World Patient Safety Day 2026 at NIHFW (See 'Corp Brief') BIMSTEC Energy Centre organises 5-Day Capacity Building Programme (See 'Corp Brief') Scindia inaugurates Renovated Guna Head Post Office in MP (See 'Corp Brief') SEBI - Where material on record discloses need for deeper scrutiny, re-appreciation, review or reconsideration of evidence, leave ought to be granted & the appeal should thereafter be decided on merits: HC (See 'Legal Desk') CCI nod for acquisition of equity of Great White Global by ISAF III Onshore Fund (See 'Corp Brief') From Ink and Ledger to Cloud and Cipher: The Bankers' Books Evidence Act, 2026 - A Critical Appraisal of India's Digital Evidentiary Revolution (See CORP EINSICHT) A&C Act - Question whether particular claim is covered by, or falls outside excepted matters clause of works contract is matter squarely within competence of Arbitral Tribunal u/s 16 of Arbitration and Conciliation Act: SC (See 'Legal Desk') CCI approves acquisition of addl share in Azure Power Global by OMERS Infra (See 'Corp Brief') Beneficiaries express confidence in government policies for e-mobility (See 'Corp Brief') Competition Act - Regulatory decisions taken in exercise of statutory powers not subject to review by CCI; authority concerned is not amenable to scrutiny u/s 4 of Competition Act: CCI (See 'Legal Desk') Semicon 2.0 mission to focus semiconductor design & fabrication; to create 1 lakh jobs (See 'Corp Brief') NLMC to host investor meets ahead of RINL land e-auction (See 'Corp Brief') SEBI - Penalty order under SEBI (PFUTP) Regulations unsustainable where foundational findings regarding volume of manually deleted orders & manipulative intent are perverse & contrary to the record: SAT (See 'Legal Desk') Govt reviews Use of Steel from Ship Recycling to Boost Steel Manufacturing (See 'Corp Brief') Inaugural PDUNASS–GNLU Executive Program on Labour Law concludes at Gandhinagar (See 'Corp Brief') Capital Market - Release of escrow amount maintained for buyback does not bar separate inquiry into alleged fraud under PFUTP Regulations: SC (See 'Legal Desk')

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