STOCK MARKET BSE NSE

Value-Added Farm Produce Scheme to Be Revised

Published: 11th August 2014 06:00 AM  |   Last Updated: 11th August 2014 08:53 AM   |  A+A-

VTHIRUVANANTHAPURAM: The Directorate of Agriculture is revising the scheme for the promotion of value-added projects of fruits, vegetables and spices in the state as per the proposal submitted by the Small Farmers’ Agri-Business Consortium (SFAC).

The main objectives of the scheme are promotion of value addition of agricultural produce of the state and agro-industrialisation.

It also aims at diversification of agricultural produce, commercialisation of value products, enabling small and marginal farmers to obtain better price for their produce and generating employment opportunities, especially in the rural section.

Reducing agricultural imports, providing crucial farm industry linkage which helps economic progress, better inflow of credit to the farm sector, avoiding wastage of agricultural produce and ensuring its optimum utilisation, improvement of socio-economic status and encouraging more entrepreneurs in value addition of agricultural related produce are also the objectives of the process.

The Director of Agriculture had transferred Rs 425 lakh to the account of the Managing Director, Small Farmers’ Agri-Business Consortium during the year 2012-13 for the implementation of new value addition projects initiated by the SFAC. The working group of the Agriculture Department which met in June this year approved the proposal subject to the condition that subsidy will be limited to the present rate of 25 per cent.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp