Odisha Govt. issued the Operational Guidelines for Sanction & Disbursement of Capital Investment Subsidy (CIS) for Food Processing Enterprises/Anchor Industry/Enterprises with Captive Solar Power Plant Under Odisha Food Processing Policy, 2022

Nov 18, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe MSME Department, Odisha on November 09, 2023, issued the Operational Guidelines for Sanction & Disbursement of Capital Investment Subsidy (CIS) for Food Processing Enterprises/Anchor Industry/Enterprises with Captive Solar Power Plant Under Odisha Food Processing Policy, 2022.

The following has been stated namely: -

• The Odisha Food Processing Policy 2022 states as follows. "New and existing food processing enterprises undertaking Expansion/Modernisation/Diversification, with investment in Plant and Machinery up to Rs. 50 crores, shall be eligible for CIS. The manner in which CIS is eligible is stated in the notification.

• Terms and expressions used in this operational guideline, but not specifically defined/explained here, shall have the same meaning as in Odisha Food Processing Policy, 2022 (OFPP-2022).

• The Eligibility Conditions have been stated in the notification

 

[Notification No. MSME-IP-MISC-0039-2023_8092/MSME]


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