Nod to 27 projects under the Pradhan Mantri Kisan Sampada Yojana (PMKSY)

Nod to 27 projects under the Pradhan Mantri Kisan Sampada Yojana (PMKSY)

Part of: GS-Prelims and GS-III – Cold chain Industries; Supply chain management

In News:

• Recently, 27 projects under the PMKSY were approved. 

• Objective: For development of integrated cold chains and value addition infrastructure in India.

• Ministry: Ministry of Food Processing Industries 

Key takeaways 

• The new integrated cold chain projects will generate direct and indirect employment and benefit nearly lakhs of farmers.
• Cold chain facilities shall be created for the food processing sector across various states. 
• States included: Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Punjab, Rajasthan, Tamil Nadu and Uttar Pradesh.

Important value additions 

Central Sector Scheme of Integrated Cold Chain and Value Addition Infrastructure

• It is a component scheme under PMKSY.
• The government provides financial assistance in the form of grant-in-aid at the rate of 35% for general areas and the rate of 50% for North-Eastern States, Himalayan States, ITDP Areas, and Islands for storage and transport infrastructure.
• The assistance at 50% and 75% respectively are also given for value addition and processing infrastructure subject to a maximum grant-in-aid of Rs 10 crores per project.