MoFPI implements Rs.10,000cr credit-linked subsidy for food enterprises
The Ministry of Food Processing Industries (MoFPI) has approved 1 Mega Food Park project, 17 Cold Chain projects, 10 Agro Processing Clusters, 22 Food Processing Units, 9 creation of Backward and Forward Linkages Projects and 20 Food Test Laboratory projects in Tamil Nadu under the corresponding component schemes of Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Minister of State Prahlad Singh Patel said in an update to parliament on 10 Aug 2021.
Also, as part of the Aatmanirbhar Bharat Initiative, MoFPI is implementing a Centrally Sponsored Scheme-PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) for providing financial, technical and business support for setting up and upgradation of 2 lakh micro food processing enterprises through credit-linked subsidy from 2020-21 to 2024-25 with an outlay of Rs.10,000 crore.
Out of this, a total of 12,128 units have been allocated to Tamil Nadu with tentative outlay of Rs.572.71 crore for five years, said Patel, the Minister of State in MoFPI.
Elaborating, he said MoFPI has been implementing Central Sector Umbrella Scheme – Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) since 2016-17 for overall growth and development of food processing sector, including processing of agro-products.
The component schemes of PMKSY are – (i) Mega Food Park, (ii) Integrated Cold Chain and Value Addition Infrastructure, (iii) Creation and Expansion of Food Processing & Preservation Capacities, (iv) Infrastructure for Agro-Processing Clusters, (v) Creation of Backward & Forward Linkages, (vi) Food Safety and Quality Assurance Infrastructure, (vii) Human Resource and Institutions, (viii) Operation Greens.
Under component schemes of PMKSY, MoFPI provides mostly credit-linked financial assistance (capital subsidy) in the form of grants-in-aid to entrepreneurs for setting up of food processing and preservation industries.
PMKSY is not region or state specific but demand driven and is implemented across the country including the rural areas of Tamil Nadu, Patel stressed.
So far, the Ministry has approved 41 Mega food Parks, 353 Cold Chain projects, 63 AgroProcessing Clusters, 292 Food Processing Units, 63 creation of Backward and Forward Linkages Projects as well as 6 Operation Green projects across the country under corresponding component schemes of PMKSY.
In the evaluation study of Integrated Cold Chain and Value Addition Infrastructure Scheme conducted by NABARD Consultancy Limited (NABCONS) in 2020, it has been estimated that captive projects under the scheme have resulted in increase in farm-gate prices by 12.38%. #investment #manufacturing #agriculture #projects #tenders /fiinews.com
