NHB Subsidy 2024: Credit Linked Support for Commercial Horticulture

The National Horticulture Board (NHB) continues to drive agricultural exports by offering substantial financial incentives under the 'Development of Commercial Horticulture through Production and Post-Harvest Management of Horticulture Crops' scheme. This initiative is vital for exporters aiming to scale production of high-value crops like pomegranate, avocado, and specialized flowers. According to the NHB Scheme Guidelines, eligible projects can receive a credit-linked back-ended subsidy of up to 40% of the project cost in general areas and 50% in North Eastern and Hilly regions. This support covers everything from the establishment of new orchards to high-tech polyhouses. The subsidy is calculated based on the technical standards and cost norms prescribed by the board. ## What this means for exporters Exporters can significantly lower their capital expenditure when setting up large-scale production bases aimed at international markets. By adhering to the NHB's quality standards, growers ensure that their produce meets the stringent phytosanitary requirements of foreign buyers, particularly in European and Middle Eastern markets. Applications must be submitted online through the NHB portal before the project commences to secure an In-Principle Approval (IPA).