Capital Investment Subsidy scheme (CISS) for setting up of organic inputs production
- Fruit and Vegetable market waste/agro-waste compost units – Financial Assistance – 33% of Total Financial Outlay (TFO) or Rs. 60.00 lakh whichever is less for 100 Ton per Day (TPD). Eligible agencies– Municipalities, APMCs, Public sector/Private sector companies, fertilizer companies or any individual entrepreneur.
- Bio-fertilizer / Bio-pesticide production units
Financial Assistance – 25% of TFO or Rs.40.00 lakh whichever is less for setting up of 200 Ton Per Annum (TPA) capacity production unit.
Eligible agencies – Public sector/ Cooperative/ private sector companies, small agencies/NGOs and Individual entrepreneurs Note; Preference will be given for setting up of state-of the –art sterile, fully automatic carrier based or liquid inoculants production units.
Release of funds –Financial assistance will be provided as credit linked back ended subsidy through any commercial/scheduled bank with NABARD in two installments through any commercial/scheduled bank through NABARD. On demand from NABARD and submission of detailed state-wise pending claims along with statement of disbursement / utilization of funds released, sufficient funds shall be placed at the disposal of the NABARD. NABARD shall ensure adequate publicity of the scheme among financing banks and ensure timely disbursement of subsidy. In case of Municipalities, DAC can directly release the funds on the recommendation of the concerned State PSMC.