Subsidy to registered spice exporters for infrastructure development

Operated by
Ministry of Commerce & Industry - Spice Board, Central Government
Purpose 
To provide subsidy to registered spice exporters for infrastructure development
Probable duration
March 31, 2020

Eligibility

  •  Beneficiary should have a minimum investment of Rs.50 Lakh and who have Spice House Certificate (SHC)

  •  Existing manufacturing exporters, who have applied for Assistance but do not have SHC, will be considered for assistance with the condition that they will complete all the required formalities and procedures of SHC and get the SHC for the unit (in which they are installing the proposed machinery) within one year from the date of their application or from the date of approval/notification of the SHC by the Government, whichever is later.

Benefit Description

Export promotion scheme - Subsidy to registered spice exporters for infrastructure development

Application process

  •  The application for Infrastructure Development Scheme (IDS) along with enclosures in two sets and detailed project report shall be submitted to the nearest Regional Office at least 45 days before the commencement of the Project for which the application is submitted.

    • Other Details

    Conditions if Any
    • Components / equipment's shown in the Project Report are not allowed to be changed once in principle approval is accorded by the Board. If any major changes in the components/equipment's are proposed that are going to affect economic and technical feasibility of the Project Proposal which had already been submitted to the Board and in principle approval accorded, the earlier proposal may be withdrawn and fresh Project Proposal needs to be submitted.
    • Components/machinery/equipment's once installed in a particular Unit or location to which grant-in-aid is obtained will not be allowed to be shifted to any other location/Unit
    • Monthly export returns shall be filed to the Board even in the case of NIL exports
    • In principle approval is valid for one year from the date of its issue. The officials of the Board will also undertake periodical owns item inspection to assess the progress of the work undertaken once the in principle approval is accorded
    • All payments shall be done only through banks. Payment effected through banks and reflected in the Bank Statement alone will be considered for calculating the eligible grant-in-aid.
    • The Board will finance only those machinery / equipment's which are directly in tended to processing of spice and spice products.
    • The maximum tenure allowed for completion of a Hi?tech Project / Technology Upgradation would normally be 2 years.
    • The applicant found to be eligible for release of grant-in-aid is required to enter into an Agreement with the Board that he would undertake to export spices and spice products worth ten times of the grant-in-aid within a period of 5 years, over and above the export performance achieved in the previous three years (average). The beneficiary has to offer a Bank guarantee equivalent to 110% of the amount to be released as granting aid with a minimum validity of five years.
    • Under setting up/Upgradation of in-house Quality laboratory, cost of laboratory equipment's/instruments, glassware, laboratory furniture and other accessories including electrical installations and consultancy charges will be supported. Under Quality Certification programme, cost of accreditation/certification of processing units (including renewal) cost of analytical charges for validation/ standardization in laboratories abroad and charges/expenses for upgrading technical knowledge of laboratory personnel of the exporters in reputed international laboratories preferably approved by ISFDA, ED etc. are included
    More Information
    Annexure Link: -
    Link: 
    http://www.indianspices.com/sites/default/files/infrastructureDevelopment.pdf

    File: -