Is there any subsidy on cold storage?

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Is there any subsidy on cold storage?

Government does not setup cold storage of its own. The component is demand/entrepreneur driven for which Government assistance in the form of credit linked back ended subsidy is available at the rate of 35\% of the project cost in general areas and at the rate of 50\% of the project cost in hilly and scheduled areas.

How do I claim subsidy for cold storage?

Subsidy Process Under MIDH

  1. Create a detail project report with financial (DPR).
  2. Apply with DPR to the nationalized banks to apply for a loan, comply with all bank norms.
  3. Receive loan sanction from your nationalized bank.
  4. Application for a subsidy with DPR + Bank loan sanction + Duly filled datasheet.
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Is registration mandatory for MSME?

Is the MSME registration compulsory? No. The enterprises that come under the MSME category need not mandatorily apply for MSME registration.

What is the cost of making a cold storage?

Project cost : The project cost for setting up of 5000 MT Cold Storage may be in the range of Rs. 350 – 400 lakh, including the cost of the land.

How much does a cold storage business make?

The revenue generated depends on the type of product stored in the storage and the cost of storing the item per day. For e.g., if the store is rented, then there is a possibility of renting charges approximately: Rs 0.75/kg (for 300 days). Then the revenue generated is Rs 9, 00,000 annually.

What is the cost of making cold storage?

How do I get an MSME certificate?

The MSME must register under MSMEs act 2006 and obtain an MSME certificate to avail of these benefits. You can register your small business to get an MSME certificate by logging into msme website or visiting Udyam Registration site to fill an application form. MSME means Micro, Small and Medium Enterprises.

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What is MSME (Micro Small Medium Enterprises)?

Micro, Small, and Medium Enterprises (MSME) is an acronym for Micro, Small, and Medium Enterprises. MSME employs around 45 percent of India’s entire domestic industrial workforce, making it the economic backbone of the country.

What does MSME stand for?

National Institute for Micro, Small and Medium Enterprises (ni-msme) (An organisation of the Ministry of MSME, Govt. of India) Yousufguda, Hyderabad – 500 045 MSME SCHEMES Introduction In India like other developing nations, the business climate is more informal in nature.

What is the procedure to register an MSME in Andhra Pradesh?

The procedure to register as an MSME was historically decided by the state governments. The procedure in Andhra Pradesh called for the following steps: 1. Apply for EM–1 (Entrepreur’s Memorandum 1): One had to apply online by filling a form and take its print.