World Bank to partner MoFP’s Gram Samriddhi Yojana

The Ministry of Food Processing will be launching a dedicated Gram Samriddhi Yojna in partnership with the World Bank to encourage employment generation in the agri and food businesses. Speaking after taking over the charge of the Ministry of Food Processing for the second time in a row, Union Minister for Food Processing Industries Harsimrat Kaur Badal  said “for the next five years employment generation is going to my focus, especially in rural areas, so that children of farmers do not have to look for employment elsewhere. Farmers should turn into job creators from being job seekers.”

The Gram Samridhi Yojna will focus on micro enterprises with capitalisation of less than 10 lakh rupees. Speaking about the programme she said “the aim is to target small farmers and the Ministry will aim to facilitate creation of 60 to 70 thousand such units within a short time. The pilot project will be done in four states and initiative will be expanded subsequently”.

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