Agriculture And Processed Foods Export Promotion Scheme Of APEDA For The 15th Finance Commission Cycle (2021-22 To 2025-26)
Ministry: Ministry Of Commerce And Industry
Department: Agricultural and Processed Food Products Export Development Authority
The Financial Assistance Scheme (FAS) is an export promotion scheme run by APEDA. The scheme aims to facilitate the export of agri-products by providing assistance to exporters.
About This Scheme
Benefits
₹2.0 Cr
Development of Export Infrastructure: Assistance for the Establishment of Processing and Supply Chain Infrastructure:
Benefits:
1. The assistance will be up to 40% subject to a ceiling of ₹200 lakhs.
2. The assistance will be up to 90% of the approved cost subject as in the case of assistance under 1(f), as per Operational Guidelines of APEDA.
Eligibility
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Required Documents
- ✦Document submitted needs to be duly signed by the Competent Authority/ authorized signatory [When original documents are in the regional language they should be accompanied by self-certified English/ Hindi translation]:-
- ✦Documents such as Detailed Project Report (DPR), Chartered Engineer Certificate, etc. in the format given in Annexure - I.
- ✦A detailed appraisal note, specific to the scheme, from the lending Bank/Financial Institution, if applicable.
- ✦Certificate of incorporation/ registration of the applicant, Memorandum and Articles of Association in case of Company/Bye-laws of the applicant, etc.
- ✦Annual reports and Audited Financial Statement of Accounts of the applicant for the last two years.
- ✦Self-attested English/ Hindi version of main facility land documents in support of land title in the name of the applicant or land lease, duly registered with the competent authority for a minimum remaining period of 15 years.
- ✦Change in Land Use (CLU) permission for the project for the main facility land from the competent authority.
- ✦Free hold land/ equitable mortgage free from all incumbencies and in possession of the applicant is a pre-requisite for consideration of assistance. In case of any dispute for land at any stage, which results in a change in the land status, during the execution of the project or thereafter, APEDA shall recover all assistance amount along with interest (as per GFR) and penalty without assigning any reason thereof.
- ✦Three quotations from the suppliers of Plant and machinery and equipment, etc. for the project except in case of imported/proprietary items.
- ✦The applicant has to submit copies of necessary permissions from Central, State, and other statuary bodies for setting up the facility/ project.
- ✦A copy of the term loan sanctioned from the bank/financial institution for this project, if applicable, should be attached.
- ✦Drawing/layout diagram of the project duly approved by the Chartered Engineer.
- ✦In case the applicant/beneficiary is availing loan from any bank/ financial institution, a detailed appraisal note from the bank/financial institution specific to the proposal should be submitted. Detailed Project Report /Techno Economic Viability Report merely stamped or endorsed by the Bank/ FI without a detailed appraisal note shall not be considered a valid appraisal note and such proposals will not be considered for financial assistance.
- ✦In case the applicant/beneficiary is not availing loan from any bank/ financial institution, a detailed appraisal note with justification and feasibility of the proposed project, endorsed by the Competent Authority of the applicant organization should be attached.
- ✦Applicants who have availed or are in the process of availing grant from any other agency shall have to intimate APEDA at the time of submission of DPR regarding it and in case a grant has been availed for the same component(s) from any other Govt. agency, the applicant shall not be eligible for financial assistance from APEDA for the same component(s).
✦ Required ◦ Optional
How to Apply
1. For Govt., PSU, and Others: Online application
https://itrack.apeda.gov.in/onlineregistration/fasonlinereg.aspx
2. For Exporters: Online application
Quick Info
- Level
- Central Government
- Max benefit
- ₹2.0 Cr
- Launched
- 26 Oct 2021
