The Union Ministry of Food Processing announced on February 7, 2022, that its flagship initiative, the Pradhan Mantri Kisan Sampada Yojana (PMKSY), has been prolonged until March 2026 with a budget of Rs. 4,600 crore. PMKSY is an integrated program designed to build modern infrastructure and ensure efficient supply chain logistics from farm to market. This article provides comprehensive details regarding the PM Kisan Sampada Yojana.
Latest Updates on PM Kisan Sampada Yojana
The Ministry of Food Processing confirmed that PMKSY has been renewed for the period spanning 2021-22 to 2025-26. The government has earmarked Rs. 4,600 crore for the continuation of this project. The PMKSY program aims to accelerate the food processing industry's expansion while ensuring farmers receive fair compensation and creating significant job opportunities. PM Kisan Sampada Yojana stands for the Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters.
Overview of SAMPADA Yojana
SAMPADA is an all-encompassing initiative focused on creating advanced infrastructure and streamlined supply chains from farm gates to retail stores. Originally launched by the central government in May 2017 as the Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters, it had an initial budget of Rs. 6,000 crore. The initiative was rebranded as PMKSY in August 2017.
PMKSY functions as an umbrella program, integrating various ministry projects such as Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance, Agro-processing Cluster Infrastructure, Capacity Building for Food Preservation, and Operation Greens.
Understanding Pradhan Mantri Kisan Sampada Yojana 2026
The 2026 iteration of the PM Kisan Sampada Yojana is set to significantly drive the development of India's food processing industry. The scheme aims to achieve the following objectives:
- Ensuring better financial returns for farmers
- Working toward doubling farmers' income
- Generating substantial employment, particularly in rural regions
- Minimizing post-harvest agricultural wastage
- Boosting the level of food processing
- Increasing exports of processed food items
Schemes Included under PM Kisan Sampada Yojana
The following programs are covered under the PM Kisan SAMPADA Yojana:
- Mega Food Parks
- Integrated Cold Chain and Value Addition Infrastructure
- Expansion and Creation of Food Processing and Preservation Units