>IndIan Food ProcessIng Industry (KREDENT FINANCE)

■ Extend green revolution to the eastern region of the country at an outlay of Rs. 400cr.
■ Organize 60,000 "pulses and oil seed villages" in rain-fed areas during 2010-11
■ Grant of Rs 300cr. for pulses and oilseeds through Ashtray Kristi Visas Yolanda
■ Allocation of Rs 200cr. for launching climate resilient agriculture initiative focusing on soil health, water conservation and preservation of biodiversity
■ For reducing wastage, private sector participation for hiring god owns by Food Corporation of India increased from 5 years to 7 years
■ Provide impetus to the development of food processing sector by providing state-of-the art
infrastructure
■ Set up five more mega food parks in 2010-11
■ Agriculture seeds get service tax exemption
■ Nutrient based fertilizer pricing from 1st April 2010
■ Availability of credit to farmers increased from Rs 325,000cr. In the current year to Rs 375,000cr.

In 2010-11
■ Farm loan repayment schedule extended by 6 months from December 31, 2009 to June 30, 2010
■ Transportation of cereals and pulses by road to be exempted from service tax
■ Concessional import duty to specified machinery for use in the plantation sector to be extended up to March 31, 2011 along with a Counter Veiling Duty exemption
■ Availability of External Commercial Borrowings for cold storage or cold room facility All this strategy will help in promoting inclusive growth, enhancing rural incomes and sustaining food security in the country.

To read the full report: FOOD PROCESSING INDUSTRY