Pradhan Mantri Kisan Sampada Yojana (PMKSY) Update

January 20, 2025

Recently, the Ministry of Finance reported advancements in food processing projects under the Pradhan Mantri Kisan Sampada Yojana (PMKSY). A total of 1,646 projects have been sanctioned, aimed at enhancing the agricultural and food processing sectors in India. These initiatives are expected to generate substantial employment and investment opportunities.

About PMKSY

The Pradhan Mantri Kisan Sampada Yojana (PMKSY) was launched to modernise food processing.
It aims to reduce agricultural waste and improve supply chain efficiency.
The scheme includes various components like Mega Food Parks and Integrated Cold Chains.

Financial Overview

As of December 2024, the sanctioned projects are valued at ₹31,830.23 crore. They are expected to attract private investments of ₹22,722.55 crore.

Employment and Farmer Benefits

The projects are projected to create processing capacity of 428.04 LMT annually. They aim to generate 13.42 lakh jobs and benefit approximately 51.24 lakh farmers.

PMFME Yojana Details

The PM Formalisation of Micro Food Processing Enterprises (PMFME) Yojana supports small-scale enterprises. Over 3.10 lakh Self-Help Groups (SHGs) and 1,14,388 individuals have received financial support since its inception in 2020-21.

Multi-Product Food Irradiation Units

The government plans to establish 50 multi-product food irradiation units. An Expression of Interest was issued in August 2024, and 20 proposals are currently under evaluation.

PLI Scheme for Food Processing

Under the Production-Linked Incentive (PLI) scheme, 133 companies are participating. Investments of ₹8,910 crore have been secured, with ₹1,084 crore in incentives disbursed to eligible projects.

Agro-Processing Defined

Agro-processing involves the transformation of agricultural products into consumable goods. It plays important role in enhancing the value of raw materials and supports the agricultural economy.

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