Scheme SAMPADA renamed as Pradhan Mantri Kisan Sampada
Yojana
The
Cabinet Committee on Economic Affairs (CCEA) today approved renaming the new
central food processing scheme SAMPADA as Pradhan Mantri Kisan Sampada Yojana
(PMKSY) with an aim to benefit 20 lakh farmers and generate 5.30 lakh jobs by
2020.
The objective of the PMKSY is to supplement
agriculture by promoting processing and reducing farm wastage.
The scheme with an allocation of Rs 6,000 crore is
expected to leverage investment of Rs 31,400 crore.
In May, the CCEA had approved the central scheme called SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) by clubbing all ongoing schemes related to food processing.
The CCEA today approved a proposal to rename the scheme SAMPADA as PMKSY for the period 2016-20 coterminous with the 14th Finance Commission cycle
In May, the CCEA had approved the central scheme called SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) by clubbing all ongoing schemes related to food processing.
The CCEA today approved a proposal to rename the scheme SAMPADA as PMKSY for the period 2016-20 coterminous with the 14th Finance Commission cycle
The PMKSY will promote setting up of food processing units to boost availability of processed food items in the domestic market and for export purpose. The scheme will encourage creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
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