Pradhan Mantri Kisan Sampada Yojana (PMKSY)
Pradhan Mantri Kisan Sampada Yojana (PMKSY), a new Central Sector Scheme earlier named as SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) is launched for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
Pradhan Mantri Kisan Sampada Yojana is an umbrella scheme incorporating ongoing schemes of the Ministry of Food Processing Industries like Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance Infrastructure, etc. and also new schemes like Infrastructure for Agro-processing Clusters, Creation of Backward and Forward Linkages, Creation / Expansion of Food Processing & Preservation Capacities.
The objective of PMKSY is to supplement agriculture, modernize processing and decrease Agri-Waste.
PMKSY with an allocation of Rs. 6,000 crore is expected to leverage investment of Rs. 31,400 crore, handling of 334 lakh MT agro-produce valuing Rs. 1,04,125 crore, benefit 20 lakh farmers and generate 5,30,500 direct/ indirect employment in the country by the year 2019-20.
- The implementation of PMKSY will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
- It will provide a big boost to the growth of food processing sector in the country.
- It will help in providing better prices to farmers and is a big step towards doubling of farmers’ income.
- It will create huge employment opportunities especially in the rural areas
- It will also help in reducing wastage of agricultural produce, increasing the processing level, availability of safe and convenient processed foods at affordable price to consumers and enhancing the export of the processed foods.
Other steps taken by government to boost food-processing sector
- To provide impetus to investment in food processing and retail sector, govt. has allowed 100% FDI in trading including through e-commerce, in respect of food products manufactured and / or produced in India. This will benefit farmers immensely and will create back – end infrastructure and significant employment opportunities.
- The government has also set up a Special Fund of Rs. 2000 crore in NABARD to make available affordable credit at concessional rate of interest to designated food parks and agro processing units in the designated food parks
- Food and agro-based processing units and cold chain infrastructure have been brought under the ambit of Priority Sector Lending (PSL) to provide additional credit for food processing activities and infrastructure thereby, boosting food processing, reducing wastage, create employment and increasing farmers’ income.