Food processing projects worth Rs 234.68 crores approved

These projects will leverage private investment of Rs 173.81 Crores and are expected to generate employment for 7750 persons

0
33
New Delhi: Union Minister of Food Processing Industries, Narendra Singh Tomar, chaired the Inter-Ministerial Approval Committee (IMAC) meeting through video conference to consider the proposals received under the Scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) of Pradhan Mantri KisanSampada Yojana (PMKSY). The promoters of projects also participated through Video Conference.
IMAC approved seven proposals with a total project cost of Rs 234.68 Crores including grants-in-aid of Rs 60.87 Crores in the States/UTs of Meghalaya, Gujarat, Madhya Pradesh, Karnataka, Maharashtra. These projects will leverage private investment of Rs 173.81 Crores and are expected to generate employment for 7,750 persons.
The scheme for the Creation of Infrastructure for Agro-Processing Cluster (APC) has been approved on 3rd May 2017 under the Pradhan Mantri KisanSampada Yojana to incentivize the setting up of agro-processing clusters in the country.  This scheme aims at the development of modern infrastructure to encourage entrepreneurs to set up food processing units based on the cluster approach. These clusters will help in reducing the wastage of the surplus produce and add value to the horticultural and other agricultural products which will result in an increase in income of the farmers and create employment at the local level.