SAMPADA now Pradhan Mantri Kisan Sampada Yojana, PMKSY
SAMPADA has now been renamed as Pradhan Mantri Kisan Sampada Yojana (PMKSY). The Cabinet Committee on Economic Affairs (CCEA) has approved the renaming. PMKSY aims to benefit 20 Lakh farmers and generate 5.30 Lakh jobs by 2020.
Objective of the Pradhan Mantri Kisan Sampada Yojana is to supplement agriculture by promoting processing and reducing farm wastage. The scheme with allocation of Rs 600 Crore is expected to leverage investment of Rs 31,400 Crore.
In May the CCEA had approved the central scheme called SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) by clubbing all ongoing schemes related to food processing.
Pradhan Mantri Kisan Sampada Yojana (PMKSY) will promote setting up of food processing units to boost availability of processed food items in the domestic market and for export purpose. The scheme will encourage creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
Source Link- http://economictimes.indiatimes.com/news/economy/policy/ccea-nod-to-rename-food-processing-scheme-as-pm-kisan-sampada/articleshow/60192676.cms