Question : Recently the centre has decided to set up/upgrade 2 lakh micro food processing enterprises from 2020-21 to 2024-25 with spending outlay of how much budget allocation ?
(a) Rs. 10,000 crores
(b) Rs. 10,500 crores
(c) Rs. 10,600 crores
(d) Rs. 10,100 crores
Answer : (a)
Related Facts:
- Union Minister of State for Food Processing Industries Shri Prahlad Singh Patel on 23 JUL 2021 said that as part of the Aatmanirbhar Bharat Initiative, MoFPI is implementing a Centrally Sponsored Schemefor setting up/upgradation of 2 lakh micro food processing enterprises.
- The enterprises can be set up or upgraded through credit linked subsidy during five years from 2020-21 to 2024-25 with 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.
- Moreover, the Ministry of Food Processing Industries (MoFPI) has been implementing Central Sector Umbrella Scheme – Pradhan MantriKisan SAMPADA Yojana (PMKSY) since 2016-17 for overall growth and development of food processing sector, including processing of agro- products and thus increasing the income of the farmers.
- The component schemes of PMKSY are – (i) Mega Food Park, (ii) Integrated Cold Chain and Value Addition Infrastructure, (iii) Creation /Expansion of Food Processing & Preservation Capacities, (iv) Infrastructure for Agro-Processing Clusters, (v) Creation of Backward & Forward linkages, (vi) Food Safety and Quality Assurance Infrastructure, (vii) Human Resource and Institutions, (viii) 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.
- So far, Ministry has approved 41 Mega food Parks, 353 Cold Chain projects, 63 Agro Processing Clusters, 292 Food Processing Units, 63 Creation of Backward & Forward Linkages Projects & 6 Operation Green projects across the country under corresponding component schemes of PMKSY.
BY :AMIT GUPTA
Reference: https://pib.gov.in/PressReleasePage.aspx?PRID=1738055\