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Projects: MoFPI provides financial support to 2 lakh micro food industries

Fiinews by Fiinews
July 27, 2023
in Projects
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Patel updates Lok Sabha on PMFME-PMKSY

Ministry of Food Processing Industries has provided financial, technical and business support for setting up and upgradation of 2 lakh micro food processing enterprises under PM Formalization of Micro Food Processing Enterprises (PMFME).

This update was given by Minister of State for Ministry of Food Processing Industries Prahlad Singh Patel in a written reply in the Lok Sabha on 25 July 2023.

The scheme is operational for a period of five years from 2020-21 to 2024-25 with an outlay of Rs.10,000 crore. So far, a total of 38,466 micro food processing enterprises have been approved for assistance in the country.

Overall, the Ministry of Food Processing Industries has approved 41 Mega food Parks, 382 Cold Chain projects, 72 Agro Processing Clusters, 469 Food Processing Units, 61 Creation of Backward & Forward Linkages Projects & 46 Operation Green projects across the country under corresponding component schemes of Central Sector Umbrella Scheme Pradhan Mantri Kisan SAMPADA Yojana (PMKSY).

More than 32 lakh farmers across the country have benefited from the completed projects. Fiinews.com

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