TNPSC Current affairs May 2017 3 for group 1 & group 2 mains

TNPSC Current Affairs May 2017

Cabinet Approves re-structuring the Scheme SAMPADA.

Union Cabinet has given its approval for re-structuring the schemes of the Ministry of Food Processing Industries for Rs 6,000 crore under new Central Sector Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters (SAMPADA)  for the period 2016-20.

The Decision was taken in the meeting of committee on economic affairs headed by Prime minister Narendra Modi

About SAMPADA:

• The objective of this scheme is to  supplement agriculture, modernize processing and decrease agri-waste.
• With the allocation of Rs 6,000 crore which expected to leverage investment of Rs. 31,400 crore and  handling of 334 lakh tonnes of agro-produce valuing Rs. 1,04,125 crore.
• this scheme also benefit 20 lakh farmers and generate 5,30,500 direct and indirect employment in the country by the year 2019-20.
• It is is an umbrella scheme incorporating ongoing schemes of the Ministry like Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance Infrastructure, etc.
• Implementation of SAMPADA will result in creation of modern infrastructure with efficient supply chain management and will provide better prices to farmers and achieve the government’s target to double farmers income by 2022.