|
|
|
The Government of India has stepped forward for strengthening the food processing industry in India.
The Cabinet Committee on Economic Affairs (CCEA) approved a proposal to raise allocation of plan fund from Rs.98.00 crore to Rs.295.00 crore for the Scheme of Technology Upgradation/ Modernization / Establishment of Food Processing Industry (FPI) units during the X Plan period. The enhancement will be met from within the existing X Plan allocation of the Ministry.
Through this initiative more funds will become available for expenditure under the scheme so as to promote technology up gradation /modernization/ establishment of food processing units in the country.
The scheme will actively be engaged in activities covering all segments viz., fruits & vegetables, milk products, meat, poultry, fishery, oil seeds and such other agri-horticultural sectors leading to value addition and shelf life enhancement including food flavours and colours, oleoresins, spices coconut, mushroom, hops etc.
|
The major objective of the scheme is to have a cascading and demonstration effect among entrepreneurs for promotion of food processing industries in the country. The scheme also aims at increasing the level of processing, reduction of wastage and value addition.
Through this scheme, assistance is provided to the implementing agencies which include Central / State Government organizations / PSUs / NGOs / Cooperative Societies and private sector units and individuals. Assistance is given in the form of grant @ 25% of the project cost of plant & machinery and technical civil work subject to a maximum of Rs.50 lakh in General Areas and 33.33% up to Rs.75 lakh in Difficult Areas such as J&K, Himachal Pradesh, Uttaranchal, Sikkim, North Eastern States, Andaman & Nicobar Islands, Lakshdweep and Integrated Tribal Development Project (ITDP) areas.
Source: PIB Press Releases.
|