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MoFPI implementing PMKSY, PLISFP and PMFME to up food processing
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Tuesday, 07 February, 2023, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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In order to increase the level of food processing industry and encouraging rural entrepreneurship across the country including rural areas, Ministry of Food Processing Industries (MoFPI) is implementing Central Sector Umbrella Scheme Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally sponsored PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme.
Union Minister of State for Food Processing Industries Prahlad Singh Patel informed Rajya Sabha, in a written reply to a question, that the PMFME Scheme provided financial, technical and business support for setting up/upgradation of 2 lakh micro food processing enterprises through credit linked subsidy during five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore. Under component schemes of PMKSY, MoFPI mostly provides financial assistance in the form of grants-in-aid to entrepreneurs for creation of modern infrastructure and setting up of food processing / preservation industries including cold chains with associated infrastructure like primary processing facilities, collection centres, pre-conditioning, pre-cooling, ripening and packing.
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