National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs81.64 crore to the Haryana State Industrial and Infrastructure Development Corporation limited (HSIIDC) for creation of Mega Food Park at Industrial Estate Barhi in Sonepat district.
Giving this information, PC Chaudhri, Chief General Manager, NABARD, Haryana Regional Office, on Monday apprised that 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.
The Mega Food Park would enable fresh investments in the food processing sector, increase in price realisation for farmers, reduction in wastage and creation of an efficient supply chain along with significant direct and indirect employment generation.
He said that it will be first of its kind project in food processing sector in the state of Haryana where entire gamut of food processing activities can be undertaken.
The implementation of the Mega Food Park project in Haryana shall go a long way in ensuring the above objectives are met and also help the State realize its potential in terms of growing consumer base and the advantages it possesses in terms of its geographical location and easy accessibility, he added.
The present sanction of Rs81.64 crore would be the first sanction under FPF in the State.