NABARD sanctions Rs 81.64 crore for food park in Sonepat

National Bank for Agriculture and Rural Development (NABARD) today sanctioned a loan of Rs 81.64 crore to the setting up a mega food park in Sonepat district of Haryana.
The loan was sanctioned to Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Limited, NABARD Chief General Manager, Haryana Regional Office, P C Chaudhri said in a statement.
Food Processing Fund (FPF) has been envisaged for providing adequate infrastructure for food processing industry along with value chain from the farm to the market, it added.
The food park will enable fresh investments in the food processing sector, increase price realisation for farmers, reduce wastage and create an efficient supply chain along with significant direct and indirect employment generation, Chaudhri said.

He added that it will be first of its kind project in the sector in Haryana where entire gamut of food processing activities can be undertaken.
The implementation of food park project shall help the state realise its potential in terms of growing consumer base, the advantages it possesses in terms of its geographical location and easy accessibility.