365telugu.com online news,delhi,march 29th,2022:Government incentivizes food processing industries through various schemes. Ministry of Food Processing Industries is implementing the Central Sector umbrella scheme- Pradhan Mantri Kisan SampadaYojana (PMKSY) and Centrally Sponsored Scheme “Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME)” across the country. The Ministry provides credit linked financial assistance (capital subsidy) in the form of grants-in-aid to entrepreneurs for setting up of food processing / preservation industries including export-oriented ones.The Schemes are aimed to promote setting up, modernization and capacity enhancement of food processing industries in the country.
Agricultural and Processed Food Products Export Development Authority (APEDA) also provides incentives to processed food exporters under its different schemes for Infrastructure, Quality, Market Development etc.
Further, Government has taken various regulatory and policy reforms to ensure conducive environment to the food processing investors, including those engaged in exports. These measures include shifting from product to product approval regime to an ingredient based approval system, putting in place an Empowered Group of Secretaries (EGoS) under the Cabinet Secretary and Project Development Cells in various Ministries/ departments including MoFPI; streamlining proposal approval and grants disbursal process in the Ministry through on-line portal (SAMPADA) etc.
Government has approved the Production Linked Incentive Scheme for Food Processing Industry on 31.03.2021 with an outlay of Rs 10,900 Crore to support creation of global food manufacturing champions and support Indian brands of food products in international market. The Scheme Guidelines were issued on 02.05.2021 and the last date of receipt of application was 24.06.2021. As on date, 129 companies are covered under the Production Linked Incentive Scheme.
This information was given by Minister of State for M/o Food Processing Industries, Prahlad Singh Patel in a written reply in Lok Sabha today