Minister informed, "from a dismal situation four years back today we have investment commitment of nearly Rs.1,00,000 crores which we got in last one year alone and out of which investment worth Rs.73000 crores have started grounding. This is just tip of the iceberg that shall unleash its real potential in years to come.
"The last government sanctioned 42 Mega Food Parks from year 2008 onwards and 6 years later when I took over, only two (one of them Patanjali) could get operationalized during 2008 to 2014. I can now proudly say that overall 25 Mega Food Parks would be operationalized by 2018 out of them 15 already been completed so far and 15 more shall be operationalized by 2019 said the minister.
Government is creating a Cold Chain Grid to link every nook and corner of India by its 42 Mega Food Parks, 234 Cold Chain Projects and around 700 projects under PM Kisan Sampada Yojana. With the schemes of the Ministry, more than 33 lakh farmers shall be directly benefited every year and their number shall keep increasing.
Informing about a new financial institution Smt Badal said, We are in the process to create a new Financial Institution that will exclusively fund food processing projects and create capacity building in the field of risk assessment and lending to food processing sector. Request for proposal for the institution which will be called Agro Processing Financial Institution, will be out by July, 2018. It will be a Non-Banking Financial Institution and will be largely driven by private sector and government will act as a facilitator. There is keen interest in the institution by both national and international companies.
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