Speed Post News Network
New Delhi : National Horticulture Board (NHB) is implementing a scheme namely “Capital Investment Subsidy for Construction/Expansion/Modernisation of Cold Storages and Storages for Horticulture Products”.
Under this scheme, credit linked back-ended subsidy @35% of the capital cost of the project in general areas and @50% in case of North East, Hilly States, and Scheduled areas for cold storage capacity above 5,000 MT and up to 10,000 MT is sanctioned for construction/ expansion/ modernisation of Cold Storage and Controlled Atmosphere (CA) store. In case of North East Region, the capacity above 1,000 MT is also eligible.
National Horticulture Board being a sub-scheme under Mission for Integrated Development of Horticulture (MIDH), as of now there is no proposal to increase subsidy for construction of cold storage. This information was given by Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar in a written reply in Rajya Sabha on December 10, 2021, according to a PIB release.