New project to give fillip to food processing industries
New project to give fillip to food processing industries
Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsThe food processing industries in the state will get 25 per cent subsidy aspart of implementing the Food Processing Mission by the Ministry of FoodProcessing Industries (MoFPI) which will create additional employment and moreprofit to farmers.The guidelines for implementing the project are expected to be released by the MoFPIby the end of September.Thescheme is expected to help the entrepreneurs in coming out with value-added productsfrom the agro sector. The State Government had given sanction for the constitutionof the Mission and nominated Kinfra as the nodal agency of the project. TheMission aims at generating employment, reducing wastage, creating valueaddition, earning more foreign exchange and enhancing manufacturingcompetitiveness.Missioncoordinator Manu George said that the government and private institutions andNGOs too could avail of the benefit.Apartfrom starting new industries, the existing food industries can also make use ofthis scheme for the purchase of modern machines and expanding their business.Thegovernment subsidy is for the total cost of the plant and machinery and buildingwhere the production process is being carried out. The Union Government willprovide 75 per cent of the subsidy while the rest will be provided by the StateGovernment.“Already36 applications have been received at Kinfra for starting new ventures andexpansion.The processing has been completed and the eligible applications will be sent tothe Union Government for approval after the guidelines are released,” ManuGeorge said.Inthe food processing sector, waste generation is on a large scale and theintroduction of the Mission will help in creating more value-added productsfrom the industries.It will also benefit the farmers by ensuring a reasonable price for theirproducts.In order to decentralise the administration of schemes and ensure its effectiveimplementation, the Union Ministry has proposed the mission mode ofadministration through setting up of a three-tiered Food Processing Mission atNational, State and district levels.The state-level Food Processing Mission is given the major responsibility byentrusting it with the implementation of the schemes.MoFPIhas already specified the schemes to be operated through the mission mode. Theyinclude setting up/ expansion/modernisation of food processing industries schemefor supporting cold chain facilities for non-horticultural products,modernisation of abattoirs, human resource development and promotional activities.first published:September 04, 2012, 12:53 ISTlast updated:September 04, 2012, 12:53 IST
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The food processing industries in the state will get 25 per cent subsidy as

part of implementing the Food Processing Mission by the Ministry of Food

Processing Industries (MoFPI) which will create additional employment and more

profit to farmers.

The guidelines for implementing the project are expected to be released by the MoFPI

by the end of September.The

scheme is expected to help the entrepreneurs in coming out with value-added products

from the agro sector. The State Government had given sanction for the constitution

of the Mission and nominated Kinfra as the nodal agency of the project. The

Mission aims at generating employment, reducing wastage, creating value

addition, earning more foreign exchange and enhancing manufacturing

competitiveness.Mission

coordinator Manu George said that the government and private institutions and

NGOs too could avail of the benefit.Apart

from starting new industries, the existing food industries can also make use of

this scheme for the purchase of modern machines and expanding their business.The

government subsidy is for the total cost of the plant and machinery and building

where the production process is being carried out. The Union Government will

provide 75 per cent of the subsidy while the rest will be provided by the State

Government.“Already

36 applications have been received at Kinfra for starting new ventures and

expansion.

The processing has been completed and the eligible applications will be sent to

the Union Government for approval after the guidelines are released,” Manu

George said.In

the food processing sector, waste generation is on a large scale and the

introduction of the Mission will help in creating more value-added products

from the industries.

It will also benefit the farmers by ensuring a reasonable price for their

products.

In order to decentralise the administration of schemes and ensure its effective

implementation, the Union Ministry has proposed the mission mode of

administration through setting up of a three-tiered Food Processing Mission at

National, State and district levels.

The state-level Food Processing Mission is given the major responsibility by

entrusting it with the implementation of the schemes.MoFPI

has already specified the schemes to be operated through the mission mode. They

include setting up/ expansion/modernisation of food processing industries scheme

for supporting cold chain facilities for non-horticultural products,

modernisation of abattoirs, human resource development and promotional activities.

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