Stories
Start a Herbal Business with Government Scheme: Get 35% Subsidy, Up to 10 Lakhs Benefit.
N
News18•24-09-2026, 21:54
Start a Herbal Business with Government Scheme: Get 35% Subsidy, Up to 10 Lakhs Benefit.
- •The National Medicinal Plants Board (NMPB) and state agriculture/horticulture departments offer grants for medicinal plant cultivation, nurseries, and herbal gardens.
- •According to Vimal Kumar Tomar, DRP in Moradabad Horticulture Department, herbal products can be marketed through packaging.
- •This scheme is linked to the Pradhan Mantri Micro Food Processing Enterprises (PMFME) scheme, which includes herbal products.
- •Beneficiaries can receive up to 35% of the project cost as a grant, with a maximum subsidy of 10 lakh rupees.
- •Application requires Aadhaar, PAN, electricity bill, ration card, six months bank statement, and raw material purchase documents.
Key Questions Answered
Under schemes linked to the PMFME program, the government provides a grant of up to 35 percent of the project cost, with a maximum subsidy limit of up to 10 lakh rupees, while beneficiaries must invest a 10 percent margin money.
Applicants need to submit an Aadhaar card, PAN card, electricity bill, ration card, a six-month bank statement, and documents detailing the intended source for purchasing raw materials.
Applicants must first submit all required documents in hard copy, followed by completing an online application. Once approved by the District Level Committee, the application is sent to the bank to complete the loan process.
