Subsidy under the scheme shall be provided on the capital cost of the project and the rate of subsidy shall be as follows
25% of the capital cost of the project where the beneficiaries are farmers, agri-graduates, co-operatives, Central/State Ware Housing Corporations;
15% in case of individuals, Companies & Corporations;
33.33% In case of North-Eastern States, hilly areas and in cases where the entrepreneur belongs to SC/ST
Minimum size of the godown eligible for subsidy would be 100 MTs.
Capital cost of the project for the purpose of release of subsidy under the scheme shall be calculated as follows:
Amount of subsidy calculated as above shall be further restricted to a maximum storage capacity of 10,000 MT and further to a maximum amount of Rs.37.50 lakhs for each project. In the case of, N-E states and hilly areas and for entrepreneurs belonging to SC/ST, maximum amount of subsidy shall be Rs.50 lakhs for each project. There will, however, be no such ceiling in respect of renovation / expansion of godowns already constructed by the cooperatives with assistance from NCDC.
Subsidy for the projects under the scheme shall be released through NABARD for projects financed by the commercial, cooperative and Regional Rural Banks, ADFCs, Scheduled PCBs, NEDFI and other institutions eligible for refinance from NABARD and through NCDC for projects financed by the NCDC.
The capacity of godown shall be calculated @ of 1.8 MT per sq.mt. of floor area with an average height of not less than 4.50 meters.
Subsidy will be released in two instalments.
PATTERN OF ASSISTANCE: (SINCE OCT 2004) (HO BC 99/40)
|-||Other than north easternStates& hilly areas||Individuals, Companies and Corporations in areas other than NE States/Hilly areas||In North-eastern states &Hilly areas *And for SC/ST|
|Subsidy from the Govt.||25%||15%||33.33%|
|Institutional loan from Commercial / coop. Banks etc.||50%||65%||46.67%|
Where the project site is located at a height of more than 1000 meters above mean sea level.
Cost of land not exceeding 10% of the project cost can form part of the owner’s contribution. NCDC will follow their existing pattern of assistance
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