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ATM News Network: In a bid to revolutionise the agricultural landscape and foster sustainable practices, the Ministry of Food Processing Industries (MoFPI) has rolled out a series of visionary schemes aimed at catalysing growth in the food processing sector. These initiatives not only offer financial support but also empower entrepreneurs to embrace innovative technologies, reduce food losses, and contribute to global branding of Indian products.
1. Production Linked Incentive Scheme for Food Processing Industry (PLISFPI):
The PLISFPI, launched with a budget of Rs. 10,900 crores, focuses on boosting manufacturing in key food segments, promoting innovation, and enhancing Indian brands' global presence. Under this scheme, food manufacturing entities are incentivised to expand processing capacity, thereby generating employment opportunities and higher income for farmers. This initiative paves the way for entrepreneurs to tap into the rising demand for processed foods while ensuring sustainability.
2. Pradhan Mantri Kisan SAMPADA Yojana (PMKSY):
PMKSY offers comprehensive support across the entire food processing value chain. By establishing cold chains, processing facilities, and enhancing technology adoption, this scheme bridges infrastructure gaps faced by small and medium enterprises (SMEs). The enhanced supply chain and storage capabilities enable SMEs to access better markets, thereby encouraging rural employment and economic growth.
3. Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme:
This scheme focuses on enhancing the capacity of micro food processing enterprises through financial assistance and benefits. By aiding the establishment of modern infrastructure and technology, it contributes to improved product quality, increased processing levels, and expanded market access. This is particularly crucial for aspiring agricultural entrepreneurs seeking to transform their ventures into successful food processing businesses.
4. Ethanol Blended with Petrol (EBP) Programme:
To bolster ethanol production, the EBP Programme provides an interest subvention to establish new distilleries or expand existing ones. This initiative encourages entrepreneurs to tap into the potential of ethanol production from grains, promoting sustainable practices and reducing environmental impact.
5. PLI Scheme for Millet-based Products (PLISMBP):
Focusing on the potential of millets, the PLISMBP promotes their cultivation, processing, and utilisation in various products. Millets, known for their nutritional value and adaptability to changing climates, offer a sustainable solution for agricultural entrepreneurs aiming to meet growing consumer demand for health-conscious foods.
Harnessing Opportunities for Agricultural Entrepreneurs:
These schemes align with the mission to empower aspiring agricultural entrepreneurs by offering financial incentives, technological support, and market access. Entrepreneurs interested in starting or expanding their agriculture-related businesses stand to benefit immensely from these initiatives, which not only fuel growth but also contribute to the nation's sustainability goals. With innovative solutions and enhanced branding opportunities, these schemes are a beacon of hope for those seeking success in the dynamic food processing sector.
