Gram Samridhi Yojana for Unorganized

Food Processing Sector

Published on: 2019-03-01 14:07:45

Ministry of Food Processing Industries of India is working on a new scheme

namely Gram Samridhi Yojana 2019. This scheme is going to boost the
unorganized food processing sector concentrated in rural areas. Around
66% of the unorganized food processing units are in rural areas and 80%
are family run. This is a 3,000 crore scheme which is to be funded by the
World Bank.

The central govt. is going to help cottage industry, farmer producer’s

organization and individual food processors. The primary objective of Gram
Samridhi Yojana is to increase capacity, upgradation of technology, skill
improvement, entrepreneurship development and strengthening of farm to
market supply chain.
Niti Aayog has already given in-principle approval to the Gram Samridhi
Scheme. Now the proposal is given to the Expenditure Finance Committee
for clearance.

Gram Samridhi Yojana 2019

The central govt. has decided to launch Gram Samridhi Scheme to

encourage cottage and small enterprise to process local produce, package
and market it. The maximum ceiling of subsidy which is to be given will be
Rs. 10 lakh in addition to the interest subsidy in case they avail loans.

Moreover, there is a provision of getting subsidy on bank interest by 3% to

5%. The central govt. is going to run this scheme at the cluster level where
all the food processing units or individual players can apply for subsidy
online.

Gram Samridhi Scheme aims to develop modern infrastructure to encourage

entrepreneurs to setup food processing units, up-gradation of technology
in the already existing unit, improve management of units and to provide
technical support. This scheme also focuses on providing common facility
centers and business incubators in rural areas.
Gram Samridhi Yojana Central Govt.

To assist the growth of new food businesses, the incubator is going to

provide infrastructure and services. This scheme will provide equipment
and programs to help businessmen / entrepreneur launching a new product
through development, market launch and growth in sales.

Around Rs. 1,500 crore would be provided by the World Bank while Rs. 1000
crore and Rs. 500 crore would be borne by the central and state govt.
respectively. In the initial phase, Gram Samridhi Yojana would be run in the
Uttar Pradesh, Andhra Pradesh, Maharashtra and Punjab for a 5 year period
and thereafter replicated in other states.

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