Govt announces convergence portal to support food processing enterprises 

Convergence Portal between Ministry of Food Processing Industries and Ministry of Agriculture and Farmers Welfare

The Ministry of Agriculture & Farmers Welfare (MoAFW) and Ministry of Food Processing Industries (MoFPI) jointly launched a Convergence Portal between Agriculture Infrastructure Fund (AIF), Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme and Pradhan Mantri Kisan Sampada Yojana (PMKSY) at Krishi Bhawan, New Delhi on 21 September.

The convergence portal was launched in the presence of Narendra Singh Tomar, Union Minister, Agriculture & Farmers Welfare, Pashupati Kumar Paras, Union Minister, Food Processing Industries, Kailash Choudhary, Minister of State for M/o Agriculture and Farmers Welfare, Anita Praveen, Secretary, M/o Food Processing Industries, and Manoj Ahuja, Secretary, M/o Agriculture & Farmers Welfare along with the senior officials of both the Ministries.

Speaking on the occasion, Pashupati Kumar Paras said that this launch will prove to be very important for the Food Processing Enterprises of the country and is a stepping stone to achieve Prime Minister’s dream of an Aatma Nirbhar Bharat and will also boost concept of ‘Vocal For Local’.

Through this convergence, the eligible beneficiaries under PMFME and PMKSY Scheme availing credit-linked subsidy would be able to avail an additional benefit of Interest Subvention @3% on the interest rate being charged by the banks over and above the 35% of subsidy being provided under the PMFME Scheme.

Image credit- PIB