Subsidy for Seed Production in India-2022
Seed Production Subsidy in India The Government of India intends to provide capital investment subsidies for increasing seed production in India through the National Project on Seed Production. The credit-linked back-ended capital subsidy will be provided at a rate of 25% of the project cost, subject to a maximum of Rs.25.00 lakh per unit on seed infrastructure development under this scheme. This article will look at how to apply for a seed production subsidy.
The Government of India intends to provide capital investment subsidies for increasing seed production in India through the National Project on Seed Production. The credit-linked back-ended capital subsidy will be provided at a rate of 25% of the project cost, subject to a maximum of Rs.25.00 lakh per unit on seed infrastructure development under this scheme. This article will look at how to apply for a seed production subsidy.
The Scheme's Objective
The seed production scheme's goal is to build on and strengthen the existing infrastructure for the production and distribution of certified or high-quality seeds to farmers.
- Organizations Eligible
- The entities listed below are eligible for financial assistance under the scheme.
- Individual Partnership Corporations
- private corporations
- Entrepreneurs
- Self-help organizations
- Cooperatives for seed production
Eligible Processing Activities List
The following are the seed processing activities that are covered by the scheme:
- Pre-cleaner for Seeds
- Seed Cleaner/Grader
- Cylinder Indent
- System of Conveyors
- Elevator for Seeds
- Seed Treatment
- Seed Drying Machine
- Seed Storage Bins
- Weighing Scale
- Bag Tightener
- Other related equipment, accessories, and sieve sizes
- Laboratory Equipment for Seed Testing
Assistance with Credit
Aid linked to institutional credit is available to eligible projects funded by Scheduled Commercial Banks, Nationalized Banks, Regional Rural Banks, and the National Cooperation Development Corporation (NCDC).
The assistance will be provided for the project's capital investment, which includes the construction of seed processing plants, the purchase and installation/commissioning of seed processing, seed grading, seed cleaning, seed packaging machinery and equipment, seed treating, machinery and equipment for loading and unloading seed bags, the construction of seed storage godowns, and the establishment of seed testing laboratories.
Implementing Organization
The scheme will be implemented by the Nationalized Banks and the NCDC. The National Seeds Corporation will be the Nodal Agency for the scheme's implementation and monitoring, as well as the release of funds.
Also Read:- Terms and conditions of Subsidy for Seed Production in India
