Posted On: December 12, 2024
By: PIB Delhi
The Ministry of Food Processing Industries (MoFPI) is actively supporting small and medium-scale food processing entrepreneurs through a range of schemes aimed at fostering growth, innovation, and global competitiveness in the sector. These initiatives include the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), and the PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme.
Key Schemes for Food Processing Entrepreneurs
1. Pradhan Mantri Kisan SAMPADA Yojana (PMKSY)
This central sector scheme incentivizes food processing entrepreneurs via credit-linked financial assistance in the form of capital subsidies.
- Outlay: ₹5,520 crore for the 15th Finance Commission Cycle.
- Achievements (as of October 31, 2024):
- 41 Mega Food Parks sanctioned.
- 399 Cold Chain Projects established.
- 76 Agro-Processing Clusters developed.
- 559 Food Processing Units created.
- 61 Projects for Backward & Forward Linkages.
- 51 Operation Green Projects launched.
2. PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme
The PMFME scheme supports the establishment and upgradation of micro food processing enterprises with financial, technical, and business assistance.
- Operational Period: 2020-21 to 2025-26.
- Outlay: ₹10,000 crore.
- Key Achievement:
- 1,08,580 micro food processing enterprises approved for assistance.
3. Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)
PLISFPI aims to:
- Create global food manufacturing champions.
- Support Indian food product brands in international markets.
- Operational Period: 2021-22 to 2026-27.
- Outlay: ₹10,900 crore.
- Key Achievement:
- 171 food processing companies approved for assistance under various categories.
Demand-Driven Approach
These schemes are demand-driven, enabling entrepreneurs across the country to access financial and technical support irrespective of their geographic location. This inclusive approach encourages equitable growth in the food processing sector.
Key Impacts
- Enhancing Infrastructure: Development of Mega Food Parks, Cold Chains, and Processing Units boosts efficiency in the food value chain.
- Global Competitiveness: Through PLISFPI, Indian food products gain visibility and credibility in international markets.
- Support for Micro Enterprises: The PMFME scheme strengthens grassroots-level businesses, promoting self-reliance and job creation.
FAQs on MoFPI’s Food Processing Schemes
Q1: Who can apply for these schemes?
- Entrepreneurs in the food processing sector, including small, medium, and micro enterprises, are eligible to apply.
Q2: Are the schemes limited to specific regions or states?
- No, all schemes are demand-driven and available across the country.
Q3: What type of assistance is provided under these schemes?
- Credit-linked financial assistance (capital subsidy), technical support, and business development services.
Q4: How can one apply for assistance under these schemes?
- Interested individuals or enterprises can apply through the official MoFPI portals and contact their nearest industry support centers for guidance.
Q5: What is the role of Operation Green in PMKSY?
- Operation Green aims to stabilize the supply of top-producing crops (Tomato, Onion, Potato) and reduce post-harvest losses.
A Vision for Growth
The Ministry of Food Processing Industries continues to drive innovation and sustainable growth in the food processing sector. By empowering entrepreneurs, especially in small and medium enterprises, these schemes contribute to India’s journey toward becoming a global food processing hub. For more details, visit the official MoFPI website.