Govt to make 4 mega food parks operational in 3 months
The Dollar Business Bureau The government on Tuesday said that it is working for the development of food processing industry at a rapid pace and around 4 mega food parks will become operational in the coming three months. The industry is keenly interested in food processing sector as the Central government has got 300 proposals for establishing new cold chains, it said. “Just two mega food parks came into operation during 2009 and 2014, while 6 mega food parks became operational during the last three years – from 2014 to 2017. Similarly, 42 mega food parks will come into operation by 2019,” said Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti, while speaking at an event organised by ASSOCHAM. “Four mega food parks ...
Price Stabilisation Fund to promote agri-businesses
The Dollar Business Bureau In a move to support the country’s agri-business, the Department of Agriculture & Cooperation on Tuesday, approved the inclusion of Price Stabilization Fund (PSF) as a Central Sector Scheme. The scheme, with a corpus of Rs 500 crore, is expected to support the market interventions for price control of perishable agri-horticultural commodities during 2014-15, 2015-16 and 2016-17. The PSF will be managed centrally by the PSF Management Committee (PSFMC) and is maintained in a Central Corpus Fund account to be opened by Small Farmers Agri-Business Consortium (SFAC), which will act as Fund Manager. The PSF scheme will help states with advance interest-free loans to support their working capital and other expenses on procurement and distribution ...
