Government approves 32 projects under PMKSY

Union Minister of Food Processing Industries Smt. Harsimrat Kaur Badal sanctioned 32 projects under Pradhan Mantri Kisan Sampada Yojana in New Delhi.
The projects are spread across almost 17 States, leveraging an investment worth Rs. 406 Crore.
The projects sanctioned have the capacity to create 15,000 employment opportunities. The projects aim at increasing the shelf life of agricultural produce and provide steady revenue for the farmers.
The market of processed food is growing at a rate of 8% every year. Therefore, by the end of 2020 it is expected to reach 543 billion USD from 322 billion USD in 2016.
Pradhan Mantri Kisan Sampada Yojana was launched in 2016 for a period of 4 years.
The GoI had allocated Rs 6,000 crores for the scheme. The scheme was launched to develop seven major components namely Integrated Cold Chain, Mega Food Parks, Infrastructure for Agro-Processing clusters, food safety, expansion of food processing, human resources and institutions, quality assurance infrastructure.