Cabinet okaysRs 6,000 cr scheme for food processing sector

THE TIMES OF INDIA

5th May 2017

New Delhi, May 3 () The government today approved a new Rs 6,000 crore central scheme 'SAMPADA' for the 2016-20 period with an aim to boost processing of marine and agriculture produce.

A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi here.

"The CCEA has given its approval for re-structuring the schemes of the Ministry of Food Processing Industries under new central sector scheme SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) for the period 2016-20," an official release said.

The new scheme has an allocation of Rs 6,000 crore. It will help in generating an investment of Rs 31,400 crore and facilitate handling of 334 lakh tonnes of agro-produce valuing Rs 1,04,125 crore.

This is expected to benefit 20 lakh farmers and create about 5,30,500 direct and indirect employment.

"The objective of SAMPADA is to supplement agriculture, modernise processing and decrease agri-waste," Finance Minister Arun Jaitley said after the meeting.

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