The Pradhan Mantri Kisan Sampada Yojana (PMKSY) in India is one instance of a government program that offers financial help for the creation of food processing units. The Government of India developed the PMKSY umbrella program with the intention of upgrading and bolstering the nation’s food processing units.
The establishment of new processing units as well as the enlargement and upgrading of existing units are all covered under the PMKSY’s financial aid program. The program includes marine, meat, poultry, and horticulture items in addition to agricultural and horticultural commodities.
The financial aid offered under PMKSY consists of:
Capital Investment Subsidy: The program provides financial assistance for capital investments made in establishing new processing units or enlarging and upgrading existing ones.
Infrastructure Development: In order to promote the effective handling and preservation of perishable goods, PMKSY supports the construction of infrastructure facilities such as cold storage, warehousing, packaging, and transportation.
Mega Food Parks: The program encourages the growth of these industrial parks, which include integrated infrastructural facilities for food processing. The formation of Mega Food Parks receives financial support, including funding for infrastructure development, shared amenities, and administrative costs.
Backward and Forward connections: In the food processing industry, PMKSY promotes backward and forward connections. In order to enhance the supply chain and guarantee farmers’ access to markets, this includes funding for projects like as farmers’ associations, producer firms, agri-logistics, and market intelligence.
