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Subsidy for Promotion of Indian Spice Brand Abroad

Subsidy for Promotion of Indian Spice Brand Abroad

The scheme aims to promote Indian spice brands in new, sophisticated and affluent segments in foreign markets, targeted beyond the ethnic Indian population. Under this scheme, interest free loan up to 100% for slotting/listing fee and promotional measures and 50% of cost of product development, subject to a maximum of Rs.2.50 crore per brand is provided

Registered spice exporters who are having Spice House / Logo, Brand Registration with the Spice Board / Organic Certification are eligible for availing assistance under this scheme.

Subsidy for Spices Processing in North-Eastern Region

Under this scheme, subsidy is provided to spice growers’ cooperatives, farmers’ associations, NGOs representing spices growers and individual entrepreneurs in the North-Eastern and hill states to establish primary processing facilities for spices. All types of primary processing facilities, which do not require very high investments, particularly established to avoid distress sale and large-scale wastage of locally grown spices will be supported.

The scheme provides grant-in-aid to the tune of 33% of cost of all types of primary processing facilities subject to a maximum of Rs.25 lakh per beneficiary. In respect of farmers’ groups, the assistance will be up to 50% of cost of primary processing facilities subject to a maximum of Rs.35 lakh per beneficiary.

Subsidy for Participating in International Trade Fairs and Meetings

For participation of spice exporters in international trade fairs or exhibitions, the Spice Board provides assistance by reimbursing 50% of airfare (economy excursion class). Further, for hiring an independent stall, assistance of upto 50% of cost upto a maximum of Rs.1 lakh is provided per Exporter. For participation of exporters in international meetings/seminars and delegations – financial assistance of upto 50% of their airfare (economy excursion class) subject to a ceiling of Rs.1.5 lakh per year per exporter is provided.

Subsidy for Promotion of Indian Spice Brand Abroad

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