Food processing sector gets a boost ,Allocation doubled

New Delhi Feb 2: Finance minister Arun Jaitley on Thursday has presented the budget and has emphasisied on the farm to plate connectivity.The Finance Minister has announced some measures to improve the value addition of farm produce.

Finance minister has said that"the allocation of the food processing ministry to Rs1,400 crore for 2018-19 from Rs 700 crore." FM has also said that "To encourage each district to focus on the cultivation of specific crops, the government will re-orient current schemes and promote cluster-based development of agri-commodities."

Jaitley has announced that " Rs1,313.08 crore will be for implementing the Pradhan Mantri Kisan Sampada Yojana (PMKSY), which is higher than Rs633.84 allocated for the current financial year".

Currently under the scheme "funds are given as grant-in-aid for setting up of mega food parks, development of infrastructure for agro-processing clusters, integrated cold chain and value addition infrastructure, creation of backward and forward linkages among others."