CCEA approves financial assistance for setting up food processing units in North Eastern States during XII Plan

Image
Capital Market
Last Updated : Dec 11 2014 | 2:00 PM IST

Total expenditure of Rs 16840 crore has been envisaged for implementing scheme

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister has approved the inclusion of all North Eastern States for setting up food processing units within the Sub scheme of the Horticulture Mission for North East & Himalayan States (HMNEH) of the Integrated Mission for Development of Horticulture (MIDH).

North Eastern States, which are horticulturally rich, will be able to take up projects on food processing industries, thus enabling better shelf life and value addition of produce. The programme for setting up food processing units will cover all States in the North East and the Himalayan Region of the country.

The total expenditure of Rs 16840 crore has been envisaged for implementing MIDH during the XII Plan. This includes Rs 15794 crore as Government of India share out of which Rs 3000 crore is for the HMNEH sub scheme. Expenditure on setting up food processing units in the North Eastern States will be met within this provision.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 11 2014 | 12:36 PM IST

Next Story