Indian Economy News

1132 projects approved under Pradhan Mantri Kisan Sampada Yojana (PMKSY)

The Pradhan Mantri Kisan Sampada Yojana (PMKSY), implemented by the Ministry of Food Processing Industries (MoFPI) since the fiscal year 2017-18, is a comprehensive umbrella scheme operating nationwide. This initiative comprises various component schemes designed to establish modern infrastructure and efficient supply chain management from the farm gate to the retail outlet. PMKSY significantly contributes to the growth of the food processing sector, facilitates improved prices for farmers, generates substantial employment opportunities, particularly in rural areas, minimises agricultural produce wastage, elevates processing levels, and boosts the export of processed foods.

Financial support in the form of grants-in-aid is extended under several component schemes to encourage the establishment of food processing projects nationwide. These schemes include:

(i) Mega Food Parks scheme (MFP) - discontinued from April 1, 2021

(ii) Integrated Cold Chain and Value Addition infrastructure (Cold Chain)

(iii) Creation of Infrastructure for Agro Processing Cluster (APC)

(iv) Creation/ Expansion of Food Processing and Preservation Capacities (CEFPPC)

(v) Creation of Backward and Forward Linkages (CBFL) - discontinued from April 1, 2021

(vi) Operation Greens (OG): Long Term Interventions

(vii) Food Safety and Quality Assurance Infrastructure – Setting up/Upgradation of quality control/food testing laboratories (FTL)

(viii) Human Resource & Institutions (HRI)

A total of 1132 food processing projects have received approval in the 36 states/Union Territories, with a cumulative project cost of Rs. 23071.29 crores (US$ 2.76 billion). The objective is to create a processing capacity of 252.297 lakh MT/annum, a preservation capacity of 42.908 lakh MT/annum, generate employment for 602,070 individuals and provide benefits to 3,819,220 farmers.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.