Breaking News
Home / Initiatives / Center / Govt clears Rs 6,000 crore scheme for food processing sector

Govt clears Rs 6,000 crore scheme for food processing sector

New Delhi: The government on Wednesday approved a new Rs 6,000 crore central scheme ‘SAMPADA’ for the 2016-20 period with an aim to boost processing of marine and agriculture produce.

A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi in New Delhi.

“The CCEA has given its approval for re-structuring the schemes of the ministry of food processing industries under new central sector scheme—SAMPADA (scheme for agro-marine processing and development of agro-processing clusters) for the period 2016-20,” an official release said.

The new scheme has an allocation of Rs6,000 crore. It will help in generating an investment of Rs31,400 crore and facilitate handling of 334 lakh tonnes of agro-produce valuing Rs1,04,125 crore. This is expected to benefit 20 lakh farmers and create about 5,30,500 direct and indirect employment.

“The objective of SAMPADA is to supplement agriculture, modernise processing and decrease agri-waste,” finance minister Arun Jaitley said after the meeting.

SAMPADA is an umbrella scheme incorporating ongoing schemes like mega food parks, integrated cold chain and value addition infrastructure, food safety and quality assurance infrastructure, and others. It also includes new schemes like infrastructure for agro-processing clusters, creation of backward and forward linkages, creation/expansion of food processing and preservation capacities.

According to the statement, the SAMPADA will give a thrust to the food processing sector and help in providing better prices to farmers and achieve the government’s target to double farmers income by 2022. During 2015-16, the food processing sector contributed 9.1 and 8.6% of gross value added (GVA) in manufacturing and agriculture sector, respectively.


About The Indian Iris

Just like an iris controls the light levels inside the eye making it possible for us to see the outside world, The Indian Iris aims at shedding light on the ongoing political affairs, policies and schemes of the Government of India (GOI) and those of the State Governments.

Leave a Reply

Your email address will not be published. Required fields are marked *