One District, One Product Policy in Karnataka
'One District, One Product Policy' of Karnataka will help the Food Processing Industry.
Karnataka is going to introduce 'One District, One Product Policy' to accelerate the potential of the unorganized food processing sector by allowing them to avail more credit, connecting them to the market, and providing the know-how of technology.
Examples- 1) North Canara District - Spices
2) Mysore - Banana
3) Belgavi - Jaggery
This is a well thoughtful move by the Government of Karnataka to boost the economy of the state and to support the micro-entrepreneurs.
Karnataka Government is planning to allocate INR 100 crores for this scheme in the budget 2021-22.
Agriculture Department and Karnataka State Agri Produce Processing and Food Corporation are nodal agencies to lead this policy.
How this changes the business of micro-entrepreneurs in the Food Processing sector?
Micro-entrepreneurs, Self Help Groups, Farmer Producer Cooperatives are going to get a 35% subsidy for the projects.
The entry of eCommerce companies into the ecosystem can help micro-entrepreneurs to reach more customers.