Gram Samridhi Yojana In India for Food Processing Sector 2019-20 [Eligibility Criteria, Application Form]
The central government, with financial aid from the World Bank has announced the implementation of Gram Samridhi Yojana. The implementation of this program will pave the path for numerous developments in the unorganized food procession section. This area is mainly based in the villages or rural areas. To know more about the features, eligibility, necessary documents and registration process, read this article today.
Launch details
| Name of the scheme | Gram Samridhi Yojana |
| Launched in | India |
| Launched by | Narendra Modi |
| Date of announcement | March 2019 |
| Implementation | Soon |
| Target sector | Unorganized food processing area |
| Financed by | World Bank, central and state finance departments |
Key features of the scheme
- Development of food industry – India has a big food processing market. Unfortunately, most of it is in the unorganized sector. The central government will offer necessary support and financial grants to these organizations with the implementation of this project.
- Development in rural areas – Most unorganized food processing takes place in agencies, which are located in villages. The supply of food grains and vegetables is ample in villages. Thus, successful operation of the project will ensure rural development as well.
- Unorganized food sector only – The central government will only put stress on the development of food processing units, which are associated with the unorganized sector.
- Maximum subsidy amount – The central government has announced that these unorganized food processing units will attain financial benefits as well. Every cluster will be able to attain a maximum of 10 lakhs for overall development.
- Availability of loan – Apart from this, the cluster agencies will also be able to attain additional credit from the financial institutions.
- Rate of interest – People opting for the credit will not have to worry about too much interest repayment version. The central government will charge within 3% to 5% only.
- Selected sectors – Only those areas, which are directly linked with the food processing industry, will be able to gain the benefits. The cottage industry, small agencies, family-run centers will attain the perks.
- Inclusion of technology in food processing – Apart from financial assistance, applicants will also attain technological upgradation. The use of modern tech and tools will ensure better production.
- States selected for implementation – For the time being, the minister announced that the preliminary task of implementing the scheme will start in Andhra Pradesh, Uttar Pradesh, Punjab and Maharashtra.
- Tenure of scheme – The central government has taken a target of implementing and attaining positive results by the end of 5 financial years.
- Total budget for the scheme – The central ministry announced that the implementation of the entire scheme will require a whopping Rs. 3000 crore.
- Division of funds – The World Bank will help the Indian government with Rs. 1500 crore. Apart from this, the central ministry will offer a financial grant of Rs. 1000 crore. The remaining Rs. 500 crore will be offered by the state governments.
Eligibility and documents for application
- Indian residents – It is mandatory for the applicants to possess their Aadhar cards. They must be Indian citizens. Otherwise, they will not be able to attain the benefits.
- Limited to rural areas – The food processing units, located in remote areas and villages will be allowed to take part in the scheme. Thus, the address proof of the unit is a must.
- Food processing only – Only unorganized agencies, associated with any kind of food processing, will be allowed to attain the benefits of the scheme.
- Necessary documents – The unorganized food processing agencies, which constitute the clusters, will have to furnish their production and registration papers.
- Personal ID – People associated with the food processing industry in villages, will have to submit their personal identification documents. The photocopy of the Aadhar card, voter card and ration card will be considers for the background checks.
How to get application form and register?
The official launch of the scheme has not yet been decided. Once this has been finalized, the central government will come out with the registration procedure. The ministry may keep provision for online as well as offline enrollment. The applicants will have to fill in the enrollment forms and submit it to the respective office. Then the respective state department will make the background checks and prepare the beneficiary list.
Food processing already has a huge base in India. The successful implementation of the scheme will ensure that the sector develop a lot. Apart from this, it will not only increase the overall earnings of the agricultural labors, but will also create better vocational opportunities.
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