PMKSY: Proposals invited from all over India for financial assistance in setting up food processing facilities

The Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) has been announced as a demand-driven scheme that invites proposals from entrepreneurs and investors from all over India under its sub-schemes.

Eligible entities like State Government Organizations, PSUs, Joint Ventures, NGOs, Cooperatives, Self Help Groups, FPOs, Private Sector Companies, Partnership Firms, and Proprietorship Firms can submit their proposals and avail financial assistance in the form of grants-in-aid for setting up food processing facilities.

A total fund of Rs. 4099.76 crore has been allocated for the period from 2017-18 to 2022-23 under various sub-schemes of PMKSY, including the Mega Food Park Scheme, Scheme for Creation of Infrastructure for Agro Processing Clusters, Creation/ Expansion of Food Processing & Preservation Capacities Scheme, Scheme for Creation of Backward Forward Linkages, Scheme for Integrated Cold Chain & Value Additional Infrastructure, and Operation Greens Scheme.

Out of this allocated amount, Rs. 3312.63 crore has been released in form of grants-in-aid for setting up food processing industries under various schemes.

A total of 1098 projects have been approved under the sub-schemes of PMKSY with grants-in-aid of Rs. 8117.00 crore for setting up food processing industries. The State-wise number of approved projects is mentioned in Annexure-I.

Additionally, the budgetary allocation and expenditure for the last three years for Production Linked Incentive (PLI) are as follows:

2020-21: NIL (Budget Estimates/Revised Estimates/Actual Expenditure)
2021-22: NIL/10.00/9.27
2022-23: 1022/801/124.19 (as on 22.03.2023)

Entrepreneurs and investors from all over India are encouraged to submit their proposals under the sub-schemes of PMKSY to avail financial assistance for setting up food processing facilities.