Ritika
Lucknow: As soon as Chief Minister Yogi Adityanath took charge of Uttar Pradesh, he laid special emphasis on promoting agricultural products and food processing so that the food items of UP can get a new identity globally. Under this, UP Food Processing Industry Policy-23 has been brought, in which many concessions and subsidies are being given in different segments by the Yogi government to promote it. Not only this, along with exemption in stamp duty on setting up food industry, exemption is being given on mandi fee, development fee, reducing the loss of crop production and using startups in production.
Food processing industries are particularly micro and small scale, which are mostly located in rural areas. In such a situation, they are unable to bear the cost of independent power industrial feeders, keeping this in mind, the Yogi Government has decided to give subsidy to them for setting up solar power plants up to 75 KVA. The Yogi government will give 50 percent subsidy on the cost of the solar power project. At the same time, 90 percent subsidy will be given on plants in food processing units owned and operated by women.
Subsidy will also be given on transport
It is worth noting that Uttar Pradesh is land locked, so in order to make the processing industry more and more competitive in the state, transport subsidy of 25 percent of the actual cost of transport will be given on exports. This cost of transportation will be from the place of manufacturing and production in the state to the port of the importing country. On the other hand, 35 percent capital subsidy will be given on the expenditure incurred on plant, machinery and technical civil work on the establishment of food processing units in the state, which will be on the maximum limit of five crores. Not only this, capital subsidy of 35 percent will be given on the expenditure incurred on plant, machinery and technical civil work on the expansion of the units, with a maximum limit of Rs.1 crore.
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Discount will be available on circle rate and CLU
According to the new UP Food Processing Industry Policy-23, if the Chak Road comes at the place where the food processing unit is set up, then the amount of 25 percent on the circle rate will not have to be paid. Earlier, for this, the investor had to pay 25 percent of the value of the land along with giving land at another place equal to the land on Chak Road. On the other hand, CLU (Conversion of Land Use) was given by collecting 20 percent circle rate on agricultural land from the entrepreneur setting up food processing industry on Conversion of Land Use, but now 50 percent discount will be given on this.
Exemption given in cess along with external development fee and mandi fee
For setting up a food processing industry, the authority used to charge an external development fee, which in most cases was more than the rate of the land. In such a situation, an action plan has been prepared to give 75 percent exemption in external development fee for setting up maximum food processing industries in the state. At the same time, exemption will also be given in stamp duty for setting up industry. This will be reimbursed by the Food Processing Department through the budget. Along with this, the market fee and cess will now be exempted on agricultural products brought from other states for processing, because the increase in processing of agricultural products brought from other states in the state will increase employment and the revenue tax will also increase.
