Infrastructure Development (Setting up Spices processing Units for exports in NE Region):
The grant-in-aid will be 33% of the cost of all types of processing facilities /equipments subject to a maximum of Rs. 50.00 lakhs per exporter. In respect of farmers’ groups / Farmer Producer Companies having valid CRES, the assistance will be up to 50% of the cost of all type of processing facilities subject to a maximum of Rs.50.00 lakhs.
For SC/ST exporters, Farmers’ groups and Farmer Producer Companies having valid CRES, the assistance will be 75 % of the cost of processing facilities /equipments subject to a maximum of Rs.112.50 lakhs.
Trade Promotion: It is proposed to provide 50% of the cost of courier charges subject to a maximum of Rs.1.00 lakh.
Packaging Development and Bar Coding Registration: It is proposed to assist the exporters by providing 50% cost of the packaging development/bar coding subject to a maximum of Rs.1.00 lakh per exporter as grant-in-aid per year.
Product Research & Development: The registered exporters / R&D institutions having required facilities will be eligible to avail assistance under the scheme. It is proposed to provide 50% of the cost of project subject to a maximum of Rs.25.00 lakh per beneficiary. If clinical trials and patenting are involved, the ceiling will be Rs.1.00 crore.
Promotion of Indian Spice Brand (Brand Promotion Scheme): The Board proposes to provide interest free loan covering 100% of slotting/listing fee and promotion measures & 50% cost of the product development subject to a maximum of Rs.1.00 crore per exporter in the plan period.
The financial assistance will be released in three installments:
- The first installment of 30% of the project cost (excluding the cost of equipments, if any) & cost of equipments/ instruments required during the period will be released on signing the MOU to begin the research work.
- The second installment of 30% of the project cost (excluding the cost of equipments) will be released after significant progress is made in the proposed research work and on submission of progress report and expenditure statement supported by attested bills and vouchers, along with cost of equipments/ instruments required during the period.
- Balance amount as third and final installment after completion of the research work and submission of final & completion report with detailed presentation in the Board’s office.
- In case of individual exporters and non govt institutions, the grant will be released on production of Bank guarantee equivalent to 110% of the first and second installment of grant amount. On submission of final report, the BGs will be released.