The Cabinet Committee on Economic Affairs, CCEA has approved the renaming of the new Central Sector Scheme - SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) as Pradhan Mantri Kisan Sampada Yojana (PMKSY) for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
Earlier, the CCEA in its meeting in May this year had approved the SAMPADA with same allocation and period.
Pradhan Mantri Kisan Sampada Yojana (PMKSY) for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
Objective:
The objective of the scheme is to supplement agriculture, modernize processing and decrease Agri-Waste. Pradhan Mantri Kisan Sampada Yojana with an allocation of 6 thousand crore rupees is expected to leverage investment of 31,400 crore rupees, handling of 334 lakh MT agro-produce valuing 1 lakh 4 thousand 125 crore rupees, benefit 20 lakh farmers and generate over 5 lakh 30 thousand direct or indirect employment in the country by the year 2019-20.
The implementation of PMKSY will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet. It will also provide a big boost to the growth of food processing sector in the country. It will help in providing better prices to farmers and is a big step towards doubling of farmers’ income.
Earlier, the CCEA in its meeting in May this year had approved the SAMPADA with same allocation and period.
Pradhan Mantri Kisan Sampada Yojana (PMKSY).
Pradhan Mantri Kisan Sampada Yojana (PMKSY) for the period of 2016-20 coterminous with the 14th Finance Commission cycle.
Objective:
The objective of the scheme is to supplement agriculture, modernize processing and decrease Agri-Waste. Pradhan Mantri Kisan Sampada Yojana with an allocation of 6 thousand crore rupees is expected to leverage investment of 31,400 crore rupees, handling of 334 lakh MT agro-produce valuing 1 lakh 4 thousand 125 crore rupees, benefit 20 lakh farmers and generate over 5 lakh 30 thousand direct or indirect employment in the country by the year 2019-20.
The implementation of PMKSY will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet. It will also provide a big boost to the growth of food processing sector in the country. It will help in providing better prices to farmers and is a big step towards doubling of farmers’ income.
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