Government is implementing the following schemes under which financial assistance will be provided for setting up of cold storages throughout the country to bridge the gap between availability and requirement for cold storage capacity –
1. Mission for Integrated Development of Horticulture (“MIDH”)
Department of Agriculture Cooperation & Farmers Welfare is implementing MIDH under which financial assistance is provided for various horticultural activities including setting up of cold storages. 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% (for general areas) and 50% (for hilly and scheduled areas) of eligible capital cost of the project for both public and private sector enterprises.
2. Pradhan Mantri Kisan SAMPADA Yojana (“PMKSY”)
Ministry of Food Processing Industries is implementing the Scheme for Integrated Cold Chain and Value Addition Infrastructure as one of the component of Pradhan Mantri Kisan Sampada Yojana (PMKSY) with the objective of reducing post-harvest losses of horticulture & non-horticulture produce and providing remunerative price to farmers for their produce. Under the Scheme, financial assistance in the form of grant-in-aid is given at the rate 35% for general areas and 50% for North East States, Himalayan States, ITDP areas and Islands for storage and transport infrastructure and at the rate of 50% and 75% respectively for value addition and processing infrastructure subject to a maximum of Rs.10 crore per project for setting up Integrated Cold Chain projects including Irradiation facility. Standalone cold storages are not covered under the Scheme.