Incentives Available For Encouraging Entrepreneurship Under Different Schemes Of Govt. Of India
- Agricultural and Processed Food Products Export Development Authority (APEDA) mission is to develop agricultural commodities and processed food to promote exports. APEDA provides financial support for packaging development, export promotion and market development etc.
- Ministry of Food Processing Industries (MoFPI) covers setting up technology upgradation, modernization of food processing industries in fruits & vegetables, pulses etc. The scheme provides 25% of the cost of plant & machinery and technical civil works subject to a maximum of Rs.50 lakhs in general areas and 33% up to Rs.75 lakhs in difficult areas like NER. For details please visit
- National Horticulture Board (NHB) provides financial support for land development, cultivation expenses, poly house or shade nets, farm tools etc.
- Ambedkar Hastshilp Vikas Yojana (AHVY) wherein the main thrust is on a projectised, need based approach for integrated development of potential handicrafts clusters with participation of the craft persons at all stages for implemenation of the scheme. AHVY extends financial support for development & supply of improved modern tools, design & technical development workshops, training, organising seminar & exhibitions etc.
- Market Access Initiative (MAI) scheme is an Export Promotion Scheme formulated on focus product- focus country approach to evolve specific strategy for specific market and specific product through market studies/ survey. MAI provides financial support for opening showroom & warehouses, display in international departmental stores, publicity campaign and branch promotion etc.
- Tea Board extends support towards plantation, irrigation, transport vehicle, exhibitions, advertisement etc.
- Coffee Board extends support towards replantation, water augmentation, quality upgradation etc.
- Coconut Development Board provides financial support for production & distribution of planting material, integrated farming for productivity improvement, market promotion, coconut palm insurance scheme etc.
- Coir Board provides financial support for skill upgradation, organising workshop & seminars, exposure tour and quality improvement programme. Mahila Coir Yojana (MCY) is the first woman oriented self employment scheme by giving subsidy of 75% of the cost of purchase of ratts to the trained women artisans.
- Rubber Board provides financial support for production & distribution of planting material, integrated farming for productivity improvement, market promotion etc.
Credit – nedfi
