HP Cold Chain Interest Subvention
By Department of Industries, Government of Himachal Pradesh (Startup Himachal)
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Quick Answer
A 7% interest subvention for 7 years on loans for cold chain infrastructure for non-horticulture products in Himachal Pradesh.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Himachal Pradesh
About this subsidy
Entities establishing cold chain for non-horticulture products in Himachal Pradesh get a 7% interest subvention on their loans for 7 years. The Government of Himachal Pradesh offers it under its State Food Mission. The benefit is non-repayable. Beneficiaries also get regulatory guidance and support with the policy framework.
Eligibility
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Subsidy providers
Provider
Department of Industries, Government of Himachal Pradesh (Startup Himachal)Shimla · Himachal Pradesh · India
Startup Himachal is the startup section of the Department of Industries, Government of Himachal Pradesh, based in Shimla. It publishes the state's startup policy and the incentives open to startups, new industries, innovation projects and incubators in Himachal Pradesh. What the…
Learn moreBenefits & Funding
What You Get
The program provides a significant 7% interest subvention on loans taken for establishing cold chain facilities. This financial support is available for a period of 7 years, substantially reducing the interest burden on entities investing in critical infrastructure. This non-repayable benefit helps improve project viability, enhance cash flow, and encourages greater investment in the vital cold chain sector for non-horticulture products, ultimately strengthening the supply chain and food security within Himachal Pradesh. Beyond direct financial relief, beneficiaries also gain regulatory guidance and support in navigating the policy framework.
- Disbursement
- Reimbursement
- Duration
- 85 months
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications for the interest subvention are typically evaluated by a dedicated committee comprising officials from the Department of Industries, Food Processing, and other relevant state government bodies. The process involves a thorough administrative review of the submitted documents, verification of project viability and financial commitments, and an assessment of the project's alignment with the objectives of the State Food Mission. Technical experts may also review the cold chain infrastructure plan. Final selection is based on the project's adherence to all eligibility criteria and the availability of funds under the scheme.
Application Process
- 1
Apply Online/Offline
Submit a comprehensive application with project details and loan documents to the designated state department.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the purpose of the Interest Subvention for Cold Chain scheme?
The scheme aims to incentivize the establishment of cold chain infrastructure for non-horticulture products in Himachal Pradesh, thereby reducing post-harvest losses, enhancing product quality, and boosting the state's food processing sector.
Who is eligible to claim this interest subvention?
Any entity, including private limited companies, LLPs, partnerships, proprietorships, and potentially NGOs, that establishes cold chain facilities for non-horticulture products within Himachal Pradesh is eligible to apply for this benefit.
What is the quantum and duration of the interest subvention?
Eligible entities will receive an interest subvention of 7% per annum on their term loans. This benefit will be provided for a period of 7 years from the date of commercial operation of the cold chain facility or the first disbursement of the subvention, whichever is earlier.
Does this scheme provide a direct grant or loan?
No, this scheme provides an interest subvention, which means a portion of the interest paid on a bank loan for the cold chain project will be reimbursed or subsidized by the government. It is not a direct grant or a loan from the government itself.
How can an entity apply for this interest subvention?
Applications for this incentive are typically submitted to the nodal agency or department specified under the State Food Mission, such as the Department of Industries or Food Processing in Himachal Pradesh. The process usually involves submitting a detailed project report, loan sanction letters, and other necessary documentation for verification and approval by a designated committee.
Are there any specific product categories that are excluded?
Yes, the scheme specifically targets 'Non-Horticulture Products'. This means cold chain facilities primarily for fruits, vegetables, and other horticulture items may not be eligible under this particular incentive. Focus is on other food products like dairy, meat, seafood, processed foods, etc.
Sources
Data on this page is compiled from official program and provider references.
