Gram Samridhi Yojana, a Rs 3,000 crore scheme funded by the World Bank and the Government of India, is being worked upon by the Ministry of Food Processing Industries in order to strengthen the unorganised food processing sector concentrated in rural areas.
NITI Aayog has given its approval to the scheme. World Bank will be giving Rs 1,500 crore, Rs 1,000 crore will be borne by the Centre while state governments will put in Rs 500 crore. The scheme will be run in Uttar Pradesh, Andhra Pradesh, Maharashtra and Punjab for a 5-year period in the initial phase and thereafter in other states of the country.
Source: Economic Times