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.
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.