Prime Fresh signs grant agreement with NHB for Nashik peri-urban vegetable cluster project
Prime Fresh Ltd has signed a grant agreement with the National Horticulture Board of India (NHB) on 15 October 2026 for the Peri-Urban Vegetable Cluster Project at Nashik, under the Cluster Development Programme.
By ScoutQuest · · 2 min read
- Grant Agreement Signed With
- National Horticulture Board of India (NHB)
- Agreement Date
- 15 October 2026
- Project
- Peri-Urban Vegetable Cluster Project at Nashik, under the Cluster Development Programme
What the company has told the exchange
- Prime Fresh Ltd has signed a grant agreement with the National Horticulture Board of India (NHB) on 15 October 2026.
- The agreement covers the Peri-Urban Vegetable Cluster Project at Nashik, under the Cluster Development Programme.
- The company states that it has been awarded the project.
- This follows two earlier updates: the intimation of 19 August 2025 about submitting Two (2) Detailed Project Reports and business plans to NHB, and the intimation of 13 September 2026 about receiving in-principle approval for the Nashik Cluster Development Programme.
What a grant agreement means
- A grant agreement is the formal document that sets out the terms on which NHB will support the project.
- Signing it moves the proposal from the approval stage to the implementation stage.
- The agreement itself is the document that records the obligations of both sides.
How the pieces fit together
- The journey so far: detailed project reports and business plans were submitted to NHB in 2025, in-principle approval was received, and the grant agreement has now been signed.
- The project sits under the Cluster Development Programme, which works on developing horticulture clusters.
- A peri-urban vegetable cluster is aimed at vegetable growing in areas around a city, in this case Nashik.
What investors may take from this
- The company has moved from an approval to a signed agreement, which is a step forward in the sequence it has been reporting.
- This is a business update about a project milestone.
The update is a business update about the signing of the grant agreement and the project's progress from reports to approval to agreement. It is worth reading alongside the company's earlier updates on this project for the full sequence of events.
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More numbers
- Detailed Project Reports and business plans submitted to NHBTwo (2)
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