News of

Market News

MoFPI notifies continuation of Kissan Sampada Yojana scheme till '26.
Feb 23, 2022

The Ministry of Food Processing Industries (MoFPI) has issued a notice for continuation of the Central sector scheme PM Kissan Sampada Yojna (PMKSY) for the period 2021-22 to 2025-26 ‘coterminous’ with the 15th Finance Commission cycle.

MoFPI was informed by the Union Finance Ministry that the Union Cabinet has approved continuation of the Central sector umbrella scheme of PMKSY implemented by the MoFPI with an allocation of Rs 4,600 crore till March 31, 2026, or till further review, whichever is earlier.

PMKSY is a comprehensive scheme for creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.

An official statement by the MoFPI, says, 'It will not only provide a big boost to the growth of food processing sector in the country but also help in providing better prices to the farmers, creating employment opportunities, reducing wastage of agricultural produce and increasing the processing level and enhancing the export of the processed foods.'

According to the notice issued by the MoFPI, the schemes that would continue under PMKSY include integrated cold chain and value addition infrastructure, creation of infrastructure for agro processing clusters, creation/ expansion of food processing and preservation capacities, food safety and quality assurance infrastructure, human resource and institution, research and development and Operation Greens.

MoFPI added that PMKSY is expected to leverage investment of Rs 11,095.93 crore, benefiting around 28.49 lakh farmers and generating close to 5.5 lakh employment (direct/indirect) by 2025-26.

fnbnews

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Follow Us

Contact