25 November, 2020
9 Min Read
Scheme for Creation of Infrastructure for Agro-Processing Cluster: PMKSY
Recently, the Union Minister of Food Processing Industries has attended the Independent Management Advisory Committee (IMAC) meeting to consider the proposals received under the Scheme for Creation of Infrastructure for Agro-Processing Cluster (APC) of Pradhan Mantri Kisan Sampada Yojana (PMKSY).
It was approved in May 2017 under the PMKSY, to incentivise the setting up of APCs in the country.
Aims: To develop modern infrastructure and common facilities to encourage a group of entrepreneurs to set up food processing units based on cluster approach by linking groups of producers/farmers to the processors and markets.
Requirements for Setup:
Pradhan Mantri Kisan Sampada Yojana
Seven component schemes under PMKSY:
Under PMKSY, capital subsidy in the form of grants-in-aid ranging from 35% to 75% of the eligible project cost subject to a maximum specified limit is provided to investors under the various schemes for undertaking infrastructure, logistic projects and setting up of food processing units in the country.
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