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HomeAgroPolicyActs & Schemes – CentreGovt launches convergence portal for agriculture and food processing sector

Govt launches convergence portal for agriculture and food processing sector

This new initiative is beneficial and inspiring for the agriculture and food processing sector.

Union Minister Narendra Singh Tomar and Pashupati Kumar Paras launched the convergence module between the Agriculture Infrastructure Fund (AIF) scheme of the Ministry of Agriculture and Farmers Welfare, Pradhan Mantri Micro Food Enterprises Upgradation Scheme (PMFME) and Pradhan Mantri Kisan Sampada Yojana (PMKSY) of the Ministry of Food Processing Industries.

Through this convergence, the eligible beneficiaries under PMFME and PMKSY Scheme availing credit-linked subsidy would be able to avail an additional benefit of Interest Subvention @3 per cent on the interest rate being charged by the banks over and above the 35 per cent of subsidy being provided under the PMFME Scheme.

A Standard Operating Procedure (SOP) was also issued with the objective of providing maximum benefits to the beneficiaries under AIF, PMFME and PMKSY. The SOP will be available on the websites of the scheme.

Speaking on the occasion, Tomar said that this will benefit different sections of the country, including farmers and small-scale entrepreneurs of processing industry. Union Minister of Food Processing Industries, Paras said that this new initiative is beneficial and inspiring for the agriculture and food processing sector.

Tomar said that while employment opportunities have increased, farmers and entrepreneurs are getting continuous benefits through various schemes of the Ministry of Agriculture and Farmers Welfare and Ministry of Food Processing Industries. Tomar said that through various schemes of the Ministry of Agriculture and Farmers Welfare and Ministry of Food Processing Industries, farmers and entrepreneurs are getting continuous benefits, while employment opportunities have also increased.

Paras said that this launch will play an important role in making successful food processing enterprises, especially micro entrepreneurs processing agricultural products, which will act as an inspiration for the agriculture and food processing sector.

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