MoFPI to invest Rs 10,000 Cr in micro food processing enterprises till 2024-25

23 July 2021 | News

MoFPI has so far approved 41 Mega food Parks Image Credit: Shutterstock Image Credit: Shutterstock

As part of the Aatmanirbhar Bharat Initiative, the Ministry of Food Processing Industries (MoFPI) is implementing a centrally sponsored scheme for setting up/up-gradation 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. 

 

So far, the 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 ofPradhan Mantri Kisan SAMPADA Yojana (PMKSY).

 

Further, 792 projects out of a total of 818 projects have been approved for setting up food processing Industries by the private sector with approved Grants in Aid of Rs 5792 Crores.

 

"Government has been consistently encouraging and incentivizing increased private sector investment for overall development of Food Processing sector of the country to promote value addition in agricultural and allied sector and reduce wastage", said Union Minister of State for Food Processing Industries Prahlad Singh Patel.

 

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