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Govt to Set up, Upgrade 2 Lakh Micro Food Processing Enterprises with Rs 10,000 Crore: Union Minister Prahlad Singh Patel

Union Minister Prahlad Singh Patel

As a part of the Aatmanirbhar Bharat Initiative, the Ministry of Food Processing Industry (MoFPI) is implementing a centrally sponsored Scheme for setting up or up-gradation of two lakh micro food processing enterprises, the Union Minister of State for Food Processing Industries Prahlad Singh Patel said today

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“The enterprises can be set up or upgraded through credit linked subsidy during five years from 2020-21 to 2024-25 with an an outlay of Rs 10,000 crores. The central scheme-PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) provides financial, technical and business support for these enterprises,” Patel said in a written reply to a question in the Rajya Sabha.

He informed that has also 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 the processing of agro- products and “thus increasing the income of the farmers”.

The component schemes of PMKSY are mega food park, integrated cold chain and value addition infrastructure, Creation or expansion of food processing & preservation capacities, infrastructure for agro-processing clusters, creation of backward and forward linkages, food safety and quality assurance infrastructure, human resource and institutions, 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/preservation industries.

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Also read: Govt Approved 792 Projects out of 818 to Set up Food Processing Industries by Private Sector: Union Minister Prahlad Singh Patel

Until now, MoFPI has approved 41 Mega food Parks, 353 cold chain projects, 63 agro-processing clusters, 292 food processing units, 63 creation of backward and forward linkages projects and 6 operation green projects across the country under the corresponding component schemes of PMKSY.

These sanctioned projects are estimated to benefit about 34 lakh farmers on completion. In the evaluation study of integrated cold chain and value addition infrastructure scheme conducted by M/s NABARD Consultancy Ltd (NABCONS) in 2020, it has been estimated that captive projects under the scheme have resulted in an increase in farm-gate prices by 12.38 % and each project are estimated to benefit more than 9,500 farmers.

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