Comprehensive Agro Business Policy for Gujarat 2016
The State Government announced a new comprehensive Agriculture Business Policy - 2016 in a bid to take holistic approach towards the agriculture sector in Gujarat. As per the new policy 25 per cent of project cost subsidy up to Rs 50 lakh to set up, expand, diversify, modernize the agro and food processing unit has been given. Provision of 25 per cent of project cost subsidy up to Rs 500 lakh for cold chain, food irradiation plant, pack house, Food Park etc. has been made. Another important feature of the policy is 25 per cent of project cost subsidy up to Rs 250 lakh to set up primary processing center, collection center in rural areas. The State Government has also decided to give 7.5 per cent interest assistance on term loan in limit of maximum Rs 150 lakh for five years period to set up agro and food processing unit, it expansion, diversification and modernisation.