The objective of creating this article is to providing information about different schemes of subsidy for horticulture business in India. Many of aspiring entrepreneurs those who want to start horticulture business often look for Government grant or subsidy. Horticulture is a specific part of agriculture that deals with many techno-commercial aspect and plant cultivation. Horticulture business demands intensive management and a significant investment of time and energy. It is important to be aware of your motivation for establishing a horticultural enterprise.
National Horticulture Board (NHB) was set up by the Government of India in 1984. Basically, it is an autonomous society under the Societies Registration Act 1860. The objectives of National Horticulture Board are the development of hi-tech commercial horticulture, development of modern post-harvest management infrastructure, promotion, market development of fresh horticulture produce and more. They also carry out studies and surveys to identify constraints. Additionally, they develop short and long term strategies for systematic development of horticulture. Also, the agency provides technical services including advisory and consultancy services. National Horticulture Board in India provides several subsidies for different horticulture initiative.
Credit linked projects relating to Cold Storage including Controlled Atmosphere (CA) and their modernization are eligible for assistance under this component. Subsidy need not be credit linked for the institutions like Public Sector Units, Panchayats, cooperatives, registered societies/trust and public limited companies provided they can meet a remaining share of the project cost out of their own resources. Such projects will have to be appraised by appraising agency approved by NHB. The assistance will be given as subsidy @ 35% of the capital cost of the project in general areas and 50% in case of NE, Hilly & Scheduled Areas for a storage capacity of 5000 MT up to 10000 MT.
National Horticulture Board accepts projects for popularization of identified new technologies/tools / techniques for commercialization and adoption through following sub-components of the scheme Setting up of block /mother plant and rootstock nursery Acquisition of technologies including import of planting material from other countries Import/Procurement of Machines and Tools for horticulture for demonstration purpose Development & Transfer of Technology Product Promotion and Market Development Services Exposure visit of farmers (Outside State) Accreditation and Rating of Fruit Plant Nurseries The financial success of horticulture business often depends on having the adequate finance to fund you until your crop is fully established and generating the profits you planned for. Plan rightfully and contact with the nodal officers to get a subsidy for horticulture business in time.