Home | Industries | Financial Funding Schemes For Food Industries In India

Financial Funding Schemes For Food Industries In India

Font size: Decrease font Enlarge font
Financial Funding Schemes For Food Industries In India

Working Group on Food Processing Industries for 12th Five Year Plan recommended Plan Allocation of Rs.15304 crore for promotion and development of Food Processing sector during the Plan period. However, an allocation of Rs. 5990 crore has been made by the Planning Commission for the 12th Five Year Plan for various programmes of the Ministry of Food Processing Industries.

For promotion and development of food processing sector in the country, including Madhya Pradesh, Government is implementing Central Sector Scheme for Development of Infrastructure for Food Processing having components of (a) Mega Food Parks (b) Integrated Cold Chain, Value Addition and Preservation Infrastructure and (c) Modernization of Abattoirs, Scheme of Technology Up-gradation / Establishment / Modernization of Food Processing Industries, Scheme for Quality Assurance, Codex Standards, Research & Development and Other Promotional Activities, Scheme for Human Resource Development and Scheme of Strengthening of Institutions.

Further, during the 12th Five Year Plan the Government has launched Centrally Sponsored Scheme of ‘National Mission on Food Processing’ (NMFP) which is being implemented through the State Governments / Union Territories including in the State of Madhya Pradesh. The components of the NMFP are (i) Technology Up-gradation / Setting up / Modernization of Food Processing Units (ii) Cold Chain, Value Addition and Preservation Infrastructure for Non-Horticulture Products (iii) Modernisation of Abattoirs (iv) Human Resource Development (v) Promotional Activities (vi) Creating Primary Processing Centres / Collection Centres in Rural Areas (vii) Modernisation of Meat Shops and (vi) Reefer Vehicles. All the State / Union Territory Governments including Madhya Pradesh have been empowered to receive the applications, sanction and release grants-in-aid to the eligible beneficiaries under NMFP. State/ Union Territory Governments also have the flexibility in selection of location of projects as well as beneficiaries to harness the potential of value addition by using locally grown raw material including fruits and vegetables for setting up food processing Industries.

Under National Mission on Food Processing, an allocation of Rs. 82.45 crore has been made for Madhya Pradesh during 12th Plan for implementation of various components. Out of this allocation, an amount of Rs. 15.59 crore has been released to the State as Central share so far.

This information was given by the Minister of State for Food Processing Industries Dr. Sanjeev Kumar Balyan in a written reply in the Rajya Sabha today.

Keywords: Funding Food Processing Industry India, Food Processing Industry Investments, investment food processing companies, schemes for food processing industry in India

  • Email to a friend Email to a friend
  • Print version Print version