Apr 01:In order to deal with constraints faced by the Food Processing sector and to ensure its overall growth and development across the country, the Ministry of Food Processing Industries (MoFPI) has been implementing Central Sector Umbrella Scheme – Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), centrally sponsored PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) and Central Sector Production Linked Incentive Scheme (PLISFPI).
Under component schemes of PMKSY, MoFPI provides mostly credit-linked financial assistance (capital subsidy) in the form of grants-in-aid to individuals, farmers, Farmer Producer Organizations (FPOs), Entrepreneurs, Cooperatives, Societies, Self Help Groups (SHGs), Private Companies, and Central/ State PSUs, etc. for setting up of food processing industries/ units/ projects. Ministry provides financial, technical, and business support for setting up/ up-gradation of micro food processing enterprises under the PMFME scheme. PLISFPI is targeted to facilitate the expansion of food processing capacity by creating champion brands in Food Processing Sector.
This information was given by Minister of State for M/o Food Processing Industries, Shri Prahlad Singh Patel in a written reply in Rajya Sabha today.
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