News of

Market News

Budget - Proposal of Rs 3287.65 cr for MoFPI; agri accelerator fund, credit.
Feb 02, 2023

The Union Finance Minister laid the budgetary proposals for the fiscal 2023-24 in the Lok Sabha on Wednesday. The Finance Minister called the Budget a blueprint for India@100 (2047).

Union Finance Minister Nirmala Sitharaman has set a budgetary proposal of Rs 3287.65 crore for the Ministry of Food Processing Industries for the fiscal 2023-24. However, the Budget proposal of the previous fiscal year was Rs 2941.99 crore while the actual revised budget for the fiscal 2022-23 was 1901.59 crore.

Meanwhile, for the current fiscal Rs. 2453.24 crore have been sanctioned for the Centrally-sponsored schemes including Pradhan Mantri Kissan Sampada Yojna (PMKSY) and Production Linked Incentive for Food Processing Industries (PLIFPI) wherein Rs.1530 crore have been proposed for PLI scheme and Rs. 923.24 crore is set for PMKSY.

Also, for the Prime Minister Formalisation of Micro Food Processing Enterprises Scheme (PM FME), the budgetary proposals are set for Rs. 639.05 crore.

According to the budgetary proposals under Pradhan Mantri Kisan Sampada Yojana’, the provision is made for financing schemes of (a) Mega Food Parks Rs. 54.80 crore; (b) Infrastructure for Agro-processing Clusters Rs. 81.30 crore; (c) Integrated Cold Chain and Value Addition Infrastructure Rs. 196.50 crore; (d) Creation/ Expansion of Food Processing and Preservation Capacities Rs. 320.00 crore; (e) Creation of Backward and Forward Linkages Rs. 5.39 crore; (f) Scheme for Food Safety and Quality Assurance Infrastructure Rs. 46.50 crore; (g) Scheme for Human Resources and Institutions Rs. 4.96 crore; (h) Committed liabilities under infrastructure related schemes; (i) Operation Greens Rs. 213.59 crore; and (j) Swachhta Action Plan Rs. 0.20 crore.

fnbnews.com

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Follow Us

Contact