40%-48% Subsidy

You can get a subsidy of 40% to 48% per plant. They can also get funds up to 75 lakh, and grants per plant depending on the conditions.

Subsidy on shed

Along with the plant, if you choose to develop a shed, you can get a subsidy of 40% to 48% on it.

With the purchase of every plant from KPMC, you’ll be benefitted from Government schemes. If you decide to build up a shed or do some civil work for the plant, you can get a 40% to 48% subsidy on it. The cost of civil work or shed should be approximately equal to the cost of plant machinery. If you choose to develop a warehouse with the machinery, you can avail 25% subsidy through NABARD, in which the maximum capping limit is up to 50 lakhs. But if you build a shed through the medium of DIC, you can get a 40%-48% subsidy on it. Because of all these reasons building a shed along with the plan is a beneficial idea.

Hundreds of applications are submitted every day to NABARD for construction from different cities and districts of Madhya Pradesh state. Applications accepted are provided with subsidies up to 25% with the maximum capping limit of 50 lakh. But if you develop a shed along with the processing plant, you can get a subsidy of 40% to 48% on the shed as well, which has the maximum capping limit of up to 50 crores. That is why it is more beneficial to add a shed to the processing plant to get a better subsidy from the District Industries Center.