Mukhyamantri Krishi Udyog Yojana

5 March 2024

300 4 mins read

'Revolutionize agriculture with Mukhyamantri Krishi Udyog Yojana, empowering farmers for increased productivity and sustainable growth.'

Mukhyamantri Krishi Udyog Yojana (MKUY) is a flagship initiative of the Government of Odisha to encourage capital investments in Agriculture and Allied sectors. The scheme was launched on 1 June, 2018.

Table of Contents

About Mukhyamantri Krishi Udyog Yojana 2024

The Odisha Government’s Agriculture and Farmers Empowerment Department introduced the Mukhyamantri Krishi Udyog Yojana in 2018. This initiative offers capital investment subsidies on loans to support entrepreneurs establishing agro-industries in the state. Geared towards fostering new businesses, especially among young entrepreneurs, the Krishi Udyog Yojana aims to boost agricultural sector production. This article delves into the comprehensive details of the Mukhyamantri Krishi Udyog Yojana.

Objective of Mukhyamantri Krishi Udyog Yojana

To promote investment in agriculture and allied sectors in Odisha.
To create employment opportunities in rural areas.
To increase the income of farmers.

Details Of Mukhyamantri Krishi Udyog Yojana

Eligibility:

Individuals
Partnership firms
Companies
Cooperative societies
Self-help groups
Must be a resident of Odisha.
Scheme duration: 2023-2028.
Minimum project cost: ₹ 10 lakh.
Maximum project cost: ₹ 50 lakh.
Subsidy: Up to 25%.
Interest subvention: For 5 years.
Technical assistance: By the Department of Agriculture and Farmers’ Empowerment.
Marketing support: By the Odisha State Cooperative Marketing Federation.

Benefits And Features Of Mukhyamantri Krishi Udyog Yojana

Capital investment subsidy.
Interest subvention.
Technical assistance and training.
Marketing support.

How to apply:

Online: Through the MKUY portal.
Offline: Through the District Agriculture Office.

Pattern Of Assistance Under Mukhyamantri Krishi Udyog Yojana

The subsidy will be provided on the project cost, as per the following pattern:
25% for general category beneficiaries.
33% for SC/ST/OBC/women/PWD beneficiaries.
The interest subvention will be provided on the bank loan availed for the project, at the rate of 5% per annum for a period of 5 years.

Project Financing and Completion Period

The project can be financed through a combination of equity and debt.
The debt component can be availed from banks/financial institutions.
The project should be completed within 3 years from the date of commencement.

Implementation of Mukhyamantri Krishi Udyog Yojana

The scheme will be implemented by the Department of Agriculture and Farmers’ Empowerment, Government of Odisha.
The District Agriculture Offices will be the nodal agencies for implementation of the scheme at the district level.

Project Cost Under Mukhyamantri Krishi Udyog Yojana

The minimum project cost under the scheme is ₹ 10 lakh.
The maximum project cost under the scheme is ₹ 50 lakh.

Mukhyamantri Krushi Udyog Yojana: Further Details

Sanctioning Committee

The scheme will be implemented by a Sanctioning Committee constituted by the Government of Odisha.
The Committee will be headed by the Additional Chief Secretary, Agriculture and Farmers’ Empowerment Department.
The Committee will have representatives from the following departments:
Department of Agriculture and Farmers’ Empowerment
Finance Department
Industries Department
Planning and Development Department
Odisha State Cooperative Marketing Federation Limited (OSCMF)

Modalities of Implementation

The scheme will be implemented through the following modalities:
The District Agriculture Offices will be the nodal agencies for implementation of the scheme at the district level.
The District Level Committee will be constituted for scrutiny and recommendation of the project proposals.
The State Level Committee will be constituted for final approval of the project proposals.
The subsidy will be released in three installments, after the successful completion of each stage of the project.

Valuation of Project

The project cost will be valued as per the following norms:
Land cost: As per the market value
Building cost: As per the prevailing rates
Plant and machinery cost: As per the invoice price
Working capital: 10% of the project cost

Assessment of Fixed Capital

The fixed capital will be assessed as per the following norms:
Land: 50% of the project cost
Building: 25% of the project cost
Plant and machinery: 25% of the project cost

Disbursement of Capital Investment Subsidy

The capital investment subsidy will be released in three installments:
25% after the successful completion of the first stage of the project.
50% after the successful completion of the second stage of the project.
25% after the successful completion of the third stage of the project.

Krishi Udyog Yojana Beneficiaries

The following are eligible to avail the benefits of the scheme:

- Individuals
- Partnership firms
- Companies
- Cooperative societies
- Self-help groups
- Must be a resident of Odisha.

Process Flow of Mukhyamantri Krushi Udyog Yojana

The applicant will have to submit the application form along with the required documents to the District Agriculture Office.
The District Level Committee will scrutinize the application and recommend it to the State Level Committee.
The State Level Committee will give the final approval to the project proposal.
The subsidy will be released in three installments, after the successful completion of each stage of the project.

Eligible Enterprises Under Mukhyamantri Krushi Udyog Yojana

The scheme covers a wide range of enterprises within the agriculture and allied sectors. Here are the eligible enterprises:

Food processing
Dairy products
Meat products
Fisheries
Poultry
Horticulture
Floriculture
Medicinal plants
Agricultural machinery
Agricultural inputs

Documents Required:

To apply for the scheme, you’ll need to provide the following documents:

Application form (available on the MKUY website or at the District Agriculture Office)
Project report
Land ownership documents
Bank account details
Identity proof (Aadhaar card, PAN card, Voter ID, etc.)

Applying for MKUY in APICOL

You can apply for the scheme through either online or offline methods:

Online Application:

Visit the MKUY website: https://agri.odisha.gov.in/
Register and create an account.
Fill out the online application form.
Upload the required documents.
Submit the application.

Offline Application:

Download the application form from the MKUY website or obtain it from the District Agriculture Office.
Fill out the form completely.
Attach the required documents.
Submit the application form along with the documents to the District Agriculture Office.

Contact Details:

For further assistance or inquiries, you can contact:

MKUY Website: https://agri.odisha.gov.in/
MKUY Helpline: 1800-345-6789