Odisha to Promote Rice Bran Oil Units in Big Way
Bhubaneswar: Rice bran, once considered not of much use beyond cattle feed and fuel in Odisha is emerging as a boon for farmers because of agri-technology popularization initiatives of Odisha Government. Considering the potential for production of rice bran oil in Odisha, Chief Secretary Tripathy directed officials to make demand assessment of the rice bran [...]
Bhubaneswar: Rice bran, once considered not of much use beyond cattle feed and fuel in Odisha is emerging as a boon for farmers because of agri-technology popularization initiatives of Odisha Government.
Considering the potential for production of rice bran oil in Odisha, Chief Secretary Tripathy directed officials to make demand assessment of the rice bran oil and present availability of the raw material for promotion of small and medium enterprises in this sector.
Tripathy said, “Since rice bran oil contains immune supporting nutrients and unsaturated fat, it can be developed to an attractive enterprise for young entrepreneurs”. He added, “Proper assessment of the market demand and economy involved in the trade will be a reliable guide for the young entrepreneurs”.
Outlining the Covid response revised policies, Principal Secretary, MSME Department, Satyabrata Sahu said, “Incentives like interest subsidy @ 5% per annum for 5 years on term loan from the date of commercial production, 75% net SGST reimbursement for 5 years up to the limit of 100% investment on plant and machinery, exemption of electricity duty up to contract demand of 500 KVA for 5 years, assistance for quality certification, employment cost subsidy and technical knowhow now available for the sector”.
Director Industries Reghu G. appraised, “As of now 12 rice bran units are operating in the State. Out of them seven are in Bargarh district, one is in Jajpur district, one is in Khordha district, two are in Koraput district and one is in Balasore district”. The A total amount of Rs.1115.34 lakh incentive/subsidy has been provided to the eligible units.
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