Budget 2018- Allocation for food processing doubles


Finance Minster Arun Jaitley has announces Budget 2018. This is the Narendra Modi government’s first post-GST and last pre-poll Budget.


“Agricultural corpus worth Rs 2000 crore will be set up. 470 APMCs have been connected to eNAM network, the rest to be connected by March 2018. Allocation for food processing has been doubled from Rs 700 crore to Rs 1400 crore. Allocation is being doubled to boost food processing; specialized agro-processing and financial institutions to be promoted by the Government. Cluster-model approach to be adopted for agricultural production,” says Finance Minister Arun Jaitley.


“Thank you for doubling the Budget Allocation for Ministry Of Food Processing. This will immensely benefit farmers in availing various food processing related schemes and increasing their income. Will also generate millions of new jobs”, responds Harsimrat Kaur Badal, Union Cabinet Minister of Food Processing.

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