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AIC - PRESTIGE INSPIRE FOUNDATION

15-Feb-2023 13:09:09
Funding,Mentoring and Networking,Market Linkages,Business Development Services

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Focus Industries :
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Agriculture, Food & Beverages, Others

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Focus sectors :
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Agri-TechAnimal HusbandryDairy FarmingFisheriesFood ProcessingHorticultureOrganic AgricultureOthersFood ProcessingFood Technology/Food DeliveryMicrobreweryRestaurantsOthers

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Preferred startup stage :
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Ideation, Validation, EarlyTraction, Scaling

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Program duration :
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12 Months and above

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Ownership :
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Government

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Funding orientation :
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Government

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Virtual/ Physical/ Both :
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Physical

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Details of the incubator program :
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AIC - PRESTIGE INSPIRE FOUNDATION, Indore is an Incubation Centre supported by Atal Innovation Mission, NITI AAYOG, Govt. of India. The thrust area of incubation centre is Agriculture and Food based startups, agri-tech and food tech based value chain and supply chain startups in India. The incubation centre will provide ecosystem support with agri and food experiment labs to new generation startups in Madhya Pradesh.

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Link for incubator :
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www.aic-prestigeinspirefoundation.in

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Support as per the ecosystem need :
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Access to finance Access to business support services Mentoring and networking Market linkages

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Relevant schemes (6)

Integrated Cold Chain and Value Addition Infrastructure

MMSME Champions scheme

Self Reliant India (SRI) Fund - Empowering MSMEs for Aatmanirbhar Bharat

Training Scheme

Grant-in-aid to Voluntarv and other Organizations for Scheduled Castes

Assistance for Skill Development of Other Backward Classes (OBCs)/ De-Notified, Nomadic And Semi-Nomadic Tribes (DNTS)/ Economically Backward Classes (EBCs)

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Integrated Cold Chain and Value Addition Infrastructure

The objective of the Scheme of “Integrated Cold Chain and Value Addition Infrastructure” is to provide integrated cold chain and preservation infrastructure facilities, without any break, from the farm gate to the consumer. It covers creation of infrastructure facility along the entire supply chain viz. pre-cooling, weighing, sorting, grading, waxing facilities at farm level, multi product/multi temperature cold storage, CA storage, packing facility, IQF, blast freezing in the distribution hub and reefer vans, mobile cooling units for facilitating distribution of non-horticulture, horticulture, fish/marine(except shrimp), dairy, meat and poultry. The scheme allows flexibility in project planning with special emphasis on creation of cold chain infrastructure at farm level. + +The integrated cold chain project can be set up by Partnership / Proprietorship Firms, Companies, Corporations, Cooperatives, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs), NGOs, Central / State PSUs, etc. subject to fulfilment of eligibility conditions of scheme guidelines. + +Pattern of Assistance +- Financial assistance (grant-in-aid) under the scheme is limited to a maximum of Rs 10 crore per project in relation to technical civil works and eligible plant & machinery subject to the following: +- For storage infrastructure including Pack House and Pre cooling unit, ripening chamber and transport infrastructure, grant-in-aid @ 35% for General Areas and @ 50% for North East States, Himalayan States, ITDP Areas & Islands, of the total cost of plant & machinery and technical civil works will be provided. +- For value addition and processing infrastructure including frozen storage/ deep freezers associated and integral to the processing, grant-in-aid @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands, will be provided. +- For irradiation facilities grant-in-aid will be provided @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands. + +Release of Grant +The grant-in-aid under the scheme is released in three instalments of 25%, 40% and 35% as per following schedule: +- 1st installment of 25% of the total grant under the scheme is released after ensuring that 25% of the promoter’s contribution and 25% of the term loan has been spent on the project; +- 2nd installment of another 40% of the total grant is released after ensuring that utilization of first installment of grant, 65% of promoter’s contribution & 65% of term loan; +- 3rd and final installment of remaining 35% of the grant assistance is released after ensuring utilization of the second installment and 100% of promoter’s contribution and 100% of term loan.

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MMSME Champions scheme

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