CURRENT AFFAIR DIARY 2/09/2020

ECONOMY

Pradhan Mantri Kisan SAMPDA Yojana

✓ Government of India approved 27 projects under the Pradhan Mantri Kisan SAMPADA Yojana. Under the project, integrated cold chains are to be developed.

✓The new projects will generate direct and indirect employment for 16,000 people. It will benefit 2,57,000 farmers. These projects will help to boost farmer income and will help make India self-reliant in fruits and vegetable sector. The projects will leverage investment of Rs 743 crores to create modern innovative infrastructure and cold chain facilities for food processing sector.

✓The SAMPADA is Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters.
✓ It was approved in 2017 under 14th Finance Commission. It was then renamed as Pradhan Mantri Kisan SAMPADA Yojana.
✓The main aim of the scheme is to modernize agricultural processing and to decrease agri-waste.

✓The scheme was launched with an estimated fund allocation of Rs 6,000 crores and is expected to leverage Rs 31,400 crores of investment.

✓The scheme will provide big boost to the growth of food processing sector.
✓It will help to provide better prices to farmers and thereby help India achieve its target of doubling farmers’ income by 2022.
✓Also, it will create huge employment opportunities in rural areas.
✓The scheme will help reduce agricultural waste and will ensure availability of safe and convenient processed foods at affordable price and enhance exports of processed foods.

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