Ministry: Ministry of Food Processing
Aim : The objective of the scheme is to supplement agriculture, modernize processing and decrease agricultural-waste.
Scheme:
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Earlier it was called SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) which was launched in 2017.
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PMKSY is an umbrella scheme which incorporates all ongoing schemes of the Union Ministry of Food Processing Industries (MoFPI).
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It is a central sector scheme.
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It includes MoFPI’s schemes such as
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Mega Food Parks,
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Food Safety and Quality Assurance Infrastructure,
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Integrated Cold Chain and Value Addition Infrastructure, etc.
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It also includes new schemes like
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Creation of Backward and Forward Linkages,
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Infrastructure for Agro-processing Clusters,
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Creation/Expansion of Food Processing & Preservation Capacities.
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Under PMKSY, capital subsidy in the form of grants-in-aid ranging from 35% to 75% of the eligible project cost subject to a maximum specified limit is provided to investors under the various schemes for undertaking infrastructure, logistic projects and setting up of food processing units in the country.
Analysis:
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The implementation of PMKSY will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
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It will provide a big boost to the growth of food processing sector in the country which is important segment of the Indian economy in terms of its contribution to GDP, employment and investment.
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It will help in providing better prices to farmers and is a big step towards doubling of farmers’ income.
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It will create huge employment opportunities especially in the rural areas and also help in reducing wastage of agricultural produce, increasing availability of safe and convenient processed foods at affordable price to consumers and enhancing the export of the processed foods