The National Horticulture Board (NHB), a government body under the Ministry of Agriculture and Farmers Welfare, has announced a new simplified process for applying for and receiving subsidies for commercial horticulture and cold chain infrastructure. The new system is expected to significantly reduce the time it takes for applications to be approved, from 6-8 months to less than 100 days.
This decision was made in response to demands from the farming community for a more streamlined process for receiving subsidies. Under the previous system, applicants had to go through a two-stage process of In-Principle Approval and Grant of Clearance. However, the In-Principle Approval stage has now been eliminated, and applicants can apply directly for a Grant of Clearance from the NHB after their term loan has been sanctioned by a bank.
Additionally, the new system requires fewer documents and allows for completely digital processing of applications, including examination and sanction. The stage of inspection for the Grant of Clearance has also been simplified, with a mobile app-based self-inspection replacing the previous location inspection.
The subsidy schemes offered by the NHB provide between 35 to 50 percent subsidy for various components, as per prescribed cost norms. These schemes are designed to promote commercial horticulture and cold chain infrastructure in the country, and are expected to greatly benefit the farming community.
The new simplified scheme will come into effect from March 15, 2023, and is expected to have a significant impact on the agricultural sector in India. The reduced processing time and simplified documentation requirements will make it easier for farmers to receive subsidies and invest in their businesses, ultimately leading to increased productivity and growth in the sector.
This announcement comes as part of a larger effort by the Indian government to modernize and improve the agricultural sector, which has long been a key driver of the country’s economy. By simplifying processes and providing support to farmers, the government aims to promote sustainable and profitable agricultural practices that will benefit both farmers and consumers.
Overall, the introduction of a simplified process for filing and approval of applications for subsidies from the NHB is a positive development for the farming community in India. The reduced processing time and simplified documentation requirements will make it easier for farmers to access the support they need to invest in their businesses and improve productivity. As the agricultural sector continues to play an important role in India’s economy, these efforts to modernize and improve the sector are crucial for the country’s long-term growth and success.
