Daily Current Affairs 2021 Govt approves 7 proposals of Food Processing Projects worth over Rs 234 cr | Daily Current Affairs 2021

Govt approves 7 proposals of Food Processing Projects worth over Rs 234 cr

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The government has approved seven proposals of Food Processing Projects worth over 234 crore rupees. It also includes  grants-in-aid of 60.87 crores rupees in Meghalaya, Gujarat, Madhya Pradesh, Karnataka, and Maharashtra.
 
Minister of Food Processing Industries Narendra Singh Tomar virtually chaired Inter-Ministerial Approval Committee meeting yesterday.  Proposals received under the Scheme for Creation of Infrastructure for Agro-Processing Cluster of Pradhan Mantri Kisan Sampada Yojana were considered. Ministry of Food Processing Industries in a statement said that these projects will leverage private investment of 173.81 crores rupees and are expected to generate employment for 7750 persons. 
 
The scheme for Creation of Infrastructure for Agro-Processing Cluster was approved in 2017 under the Pradhan Mantri Kisan Sampada Yojana to incentivize the setting up of agro processing clusters in the country.  This scheme aims at development of modern infrastructure to encourage entrepreneurs to set up food processing units based on cluster approach.

Source: News On Air

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