Union Cabinet Boosts PMKSY Budget to Enhance Food Processing Sector

The Union Cabinet on Thursday approved a significant increase in the budgetary allocation for the Pradhan Mantri Kisan Sampada Yojana (PMKSY), boosting it by Rs 1,920 crore to a total of Rs 6,520 crore.

This increase, to be implemented in the current fiscal year, is set to support 50 multi-product food irradiation units and 100 food testing laboratories across the country. The decision was made during a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.

Launching initially in 2017 and extended till the end of the 2025-26 fiscal period, PMKSY's enhanced funding is aimed at fulfilling the government's budget announcement to further stimulate growth in the food processing sector.

(With inputs from agencies.)