The central government has given a big boost to the food processing sector. The government has released 1920 crore rupees to increase this sector. This proposal was approved in the recent Union Cabinet. This money has been released under the PM Kisan Sampada Yojana. Now the bicycle of the 15th Finance Commission has been released to this scheme from 2021-22 to 2025-25 rupees. These increased money will be used for 50 multi -products food erediation units and 100 food testing labs.
Where and how money will be spent
The 1920 crore rupees which have been released by the government, about 1000 crore rupees will be used to establish 100 laboratories under the PMKSY component scheme ICCVAI under ICCVAI for establishment of 100 laboratories under 50 multi -products food erediation units and component scheme FSQAI. On the other hand, during the 15th Finance Commission Cycle (2021-22 to 2025-26), about Rs 920 crore will be used to approve projects under various component schemes of PMKSY. Both ICCVAI and FSQAI are the demand-based component plans for PMKSY.
How many schemes approved so far
A total of 1,601 projects have been approved under its various components from the start of Pradhan Mantri Kisan Sampada Yojana (PMKSY). Of these, 1133 projects are now operational or have been completed. Due to which the processing and conservation capacity of 255.66 lakh metric tons (MT) is being created per year. On completion of complete, these projects are expected to invest Rs 21,803.19 crore, which will benefit about 50.27 lakh farmers. Due to which more than 7.25 lakh direct/indirect employment is expected to be created. PMKSY has helped to increase the price of farmers’ products and has reduced the loss after harvesting to a great extent.
When this scheme started
PMKSY was earlier known as Sampada Yojana (Agricultural Processing and Agricultural Processing Cluster Development Scheme). It was approved in May 2017 and on 23 August 2017, its name was changed to Pradhan Mantri Kisan Sampada Yojana. This comprehensive plan was made from 2016 to 2020 as per the recommendations of the 14th Finance Commission. To support the scheme, the government allocated Rs 6,000 crore, which aimed to draw a total investment of Rs 31,400 crore. According to the government, the export of processed food products has doubled from US $ 5 billion to US $ 11 billion. The share of processed food products in agricultural exports has increased from 14 per cent to 24 per cent.