PM Kisan Sampada Yojana: 1,646 Projects Worth ₹31,830 Crore Sanctioned

“1,646 PM Kisan Sampada Projects Worth ₹31,830.23 Crore, Leveraging ₹22,722.55 Crore in Private Investment”

On Saturday, January 18, 2025, the Ministry of Finance provided an update on the progress of the PM Kisan Sampada Yojana. It announced that a total of 1,646 food processing projects, including food testing laboratories and research and development (R&D) initiatives, have been sanctioned under various sub-schemes of the scheme.

These projects, which are valued at ₹31,830.23 crore, aim to enhance the food processing sector and contribute to the overall growth of the agricultural economy. Additionally, the projects have the potential to leverage private investments worth ₹22,722.55 crore, further boosting economic growth and job creation in the sector.

The PM Kisan Sampada Yojana was launched to modernize the food processing sector, increase its contribution to the GDP, and reduce post-harvest losses. It is expected that these 1,646 projects will improve food processing infrastructure across India, benefiting farmers, consumers, and businesses alike. The initiative is also set to drive innovation in food technology and encourage sustainable practices in food production and distribution.

As of December 18, 2024, a total of 1,646 food processing projects have been sanctioned under the Pradhan Mantri Kisan Sampada Yojana (PMKSY), valued at ₹31,830.23 crore. These projects hold the potential to attract private investments worth ₹22,722.55 crore, thereby significantly boosting the sector.

The Ministry of Food Processing Industries (MoFPI) has been implementing PMKSY since the 2016-17 fiscal year with the aim of modernizing the food processing industry, reducing food wastage, and increasing value-added food exports. This initiative plays a key role in promoting sustainable agricultural practices, improving the income of farmers, and creating employment opportunities in rural and semi-rural areas. Through various sub-schemes, the government is encouraging infrastructure development, innovation, and technological advancements within the food processing industry.

The sanctioned food processing projects under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) are expected to create a processing and preservation capacity of 428.04 LMT (Lakh Metric Tons) per annum. Additionally, these initiatives are set to generate employment for approximately 13.42 lakh individuals and extend benefits to 51.24 lakh farmers.

This ambitious effort aims to enhance the overall agricultural value chain, benefiting both farmers and workers by improving infrastructure, boosting productivity, and increasing the efficiency of the food processing sector. Through these projects, the government intends to strengthen the rural economy, reduce food wastage, and ensure better market access for farmers, thereby contributing to the sustainable growth of India’s agriculture and food processing industries.

The government is dedicated to accelerating the growth of the agriculture and food processing sectors by encouraging both private and public investment in key post-harvest activities. These include aggregation, modern storage solutions, efficient supply chains, primary and secondary processing, as well as marketing and branding efforts.

To foster these developments, the government aims to raise the level of food processing and increase the export of processed foods. This is being achieved through the creation of state-of-the-art infrastructure coupled with a robust supply chain management system, ensuring a smooth flow of products from the farm gate to retail outlets. By focusing on these critical areas, the government seeks to improve food security, enhance market access for farmers, and boost the competitiveness of India’s food processing industry on a global scale.

The PM Formalisation of Micro Food Processing Enterprises (PMFME) Yojana, a Centrally sponsored scheme launched by the Ministry of Food Processing Industries (MoFPI) in 2020-21, aims to provide comprehensive support—financial, technical, and business-related—for upgrading micro-food processing enterprises. This initiative is the first of its kind targeting the unorganised sector, helping small-scale enterprises modernize and formalize their operations.

As of December 18, 2024, under the PMFME Yojana, over 3.10 lakh Self-Help Groups (SHGs) have received seed capital support, and 1,14,388 individuals have benefited from credit linkages subsidies, helping boost the viability and sustainability of food processing businesses across the country.

In addition, the Ministry of Finance provided an update on the allocation for the establishment of 50 multi-product food irradiation units within the MSME sector, a measure announced in the Union Budget for 2024-25. This initiative is part of the broader efforts to enhance food safety, preserve shelf life, and improve marketability of processed foods, strengthening India’s food processing infrastructure.

In August 2024, the Ministry of Food Processing Industries (MoFPI) issued an Expression of Interest (EOI) to invite proposals for setting up multiproduct food irradiation units under the Integrated Cold Chain and Value Addition Infrastructure Scheme of the Pradhan Mantri Kisan Sampada Yojana (PMKSY). As of the latest update, 20 project proposals have been received, and these are currently under scrutiny and evaluation in accordance with the scheme guidelines.

Additionally, the Finance Ministry provided an update on the Production-Linked Incentive (PLI) scheme for the food processing industry, stating that 133 companies are currently covered under the program. The scheme has successfully attracted investments worth ₹8,910 crore so far, and incentives totaling ₹1,084 crore have been disbursed to 85 eligible cases, further supporting the growth of the sector.

Courtesy: Tech With Rahul

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• ^ Replying to an RTI query, the School of Open Learning said it did not have any data of students who received a BA degree in 1978.^[82] Jayantibhai Patel, a former political science professor of Gujarat University, said the subjects listed in Modi’s MA degree were not offered by the university when Modi was studying there.^[89][90] In 2016, Delhi University deemed the BA degree to be authentic.^[91]
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