Centre approves 7 food processing projects worth Rs 234.68 crore

Centre approves 7 food processing projects worth Rs 234.68 crore
These food processing projects will leverage private investment of Rs. 173.81 crore and are expected to generate employment for 7,750 persons

New Delhi, India: Inter-Ministerial Approval Committee (IMAC) meeting, chaired by Union Minister of Food Processing Industries, Narendra Singh Tomar Tuesday approved seven proposals for food processing projects with total project cost of Rs. 234.68 crore including grants-in-aid of Rs. 60.87 crore in the states of Meghalaya, Gujarat, Madhya Pradesh, Karnataka, Maharashtra. These projects will leverage private investment of Rs. 173.81 crore and are expected to generate employment for 7,750 persons.

The project proposals were received under the scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) of Pradhan Mantri Kisan Sampada Yojana (PMKSY). The promoters of projects also participated through video conference.

The scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) was approved on May 03, 2017 under the Pradhan Mantri Kisan Sampada Yojana to incentivise the setting up of agro processing clusters in the country. This scheme aims at development of modern infrastructure to encourage entrepreneurs to set up food processing units based on cluster approach. These clusters will help in reducing the wastage of the surplus produce and add value to the horticultural and agricultural produce which would result in increase of income of the farmers and create employment at the local level.

Read more: MoFPI approves 28 food processing projects spread over 10 states
Read more: This scheme imparts training of food processing entrepreneurs
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