Centre okays Rs. 6,000 cr scheme for food processing sector

The Union Cabinet has given nod to 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 in New Delhi.

According to an official release, 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.

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.

Image Credit : images.financialexpress.com

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