CCI nod for acquisition of shares by Coastal Cedar Investments in Fleur Hotels (See 'Corp Brief') CCI approves acquisition of equity of KNR SPVs by Indus Infra Trust (See 'Corp Brief') CCI approves acquisition by Citrus Investment LLC of shares in Hitachi Construction Machinery (See 'Corp Brief') CCI okays acquisition of equity shares of Aditya Birla Housing Finance Ltd. by Indriya Ltd. (See 'Corp Brief') CCI approves acquisition of equity in Nabha Power by Torrent Power Ltd. (See 'Corp Brief') Prototype Fast Breeder Reactor at Kalpakkam attains First Criticality (See 'Corp Brief') Policy for Transit Oriented Development for providing affordable housing in Delhi (See 'Corp Brief') Ministry of Mines notifies Amendment in Rules for Faster Operationalisation of Mines (See 'Corp Brief') Govt to curb Distress Sale in APT Crops; Value Addition to boost Farmers' Income (See 'Corp Brief') PMLA - Initiating proceedings under PMLA for continuing possession or use of proceeds of crime acquired prior to enactment of PMLA does not violate Article 20(1) of Constitution: HC (See 'Legal Desk') Navi Mumbai turning Textile Waste into Opportunity for People (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') TRAI releases Paper on 'Formulation of Regulatory Framework for ALTD Services (See 'Corp Brief') IPR - Minor alteration to well-established trademark, such as changing single letter, does not render new mark dissimilar, especially when it remains phonetically and visually close to original: HC (See 'Legal Desk') GeM achieves Rs 18.4 Lakh Crore GMV, Emerges as Key Digital Public Procurement Platform (See 'Corp Brief') Benami Act - Burden of proof of benami transaction rests strictly upon person asserting it, and reliance solely on uncorroborated statements of third parties recorded in unrelated Income Tax proceedings, is insufficient: SAFEMA (See 'Legal Desk') Union Minister to inaugurate NCVET Capacity Building (See 'Corp Brief') FEMA - Continuing adjudication u/s 16 of FEMA despite competent authority's refusal to confirm seizure u/s 37A of FEMA, is contrary to law: SC (See 'Legal Desk') Minister calls for stronger research-industry linkages to scale food innovation sector (See 'Corp Brief') A&C Act - Doctrine of 'transnational issue estoppel' applies to enforcement proceedings u/s 48 of Arbitration Act, barring enforcement court from undertaking merits-based review: SC (See 'Legal Desk') MoS backs scaling up indigenous Insulin production amid global supply concerns (See 'Corp Brief') A&C - Mere existence of document, despite it containing arbitration clause, would not qualify as arbitration agreement, unless it is signed by parties seeking to invoke clause as also party against whom enforcement is sought: HC (See 'Legal Desk') New Sainik School reflects Centre's Vision for Nation-Building through Education (See 'Corp Brief') A&C - Agreement to sell being unregistered and unstamped as per Registration Act, Transfer of Property Act, and Indian Stamps Act, cannot be enforced: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (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.