Mega Food Parks

Implementing Agency

 The Mega Food Park project is implemented by a special purpose vehicle (SPV) which is a body corporate registers under the companies Act. However, state government, State government entities and cooperatives are not required to form a separate SPV under the revised guidelines. Possession of at least 50 acres of contiguous land by the SPV for the CPC with conversion for industrial/ infrastructure use is required. Subject to fulfillment of the conditions of the scheme guidelines, the funds are released to the SPVs.

Pattern of assistance:

Components	Pattern of assistance
	% of Grant	Maximum limit
General areas	50% of Eligible project cost	Rs. 50 crore per project
Difficult and hilly areas i.e. (North eastern region)	75% of Eligible project cost	Rs. 50 crore per project

Release of Grant:

The grant-in-aid under the scheme is released in four installments of 30%, 30%, 20% and 20%, subject to other scheme parameters.

Time Schedule:

S.No	Particulars	Time Period
1	Final Approval to release of 1st installment	6 months
2	1st installment to release of 2nd installment	8 months
3	2nd installment to release of 3rd installment	8 months
4	3rd installment to release of 4th and final installment	8 months
	Total	30 months