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Raichur (Ok’taka), Aug 27 (PTI) Union Finance Minister Nirmala Sitharaman on Saturday introduced the “Millet Problem” for start-ups, with a seed grants of Rs 1 crore every to 3 winners, to design and develop progressive options for and throughout the Millets worth chain.
She additionally introduced Rs 25 crore funding by NABARD underneath Rural Infrastructure Growth Fund (RIDF) to College of Agricultural Sciences, Raichur, for institution of Millet Worth Chain Park, incubation centre for processing, worth addition and capability constructing for promotion of millets.
Sitharaman was talking at Millet Conclave 2022 organised collectively by Atal Innovation Mission (AIM), College of Agricultural Sciences and NABARD in Raichur.
“Quickly inside every week or 10 days, I’ll have the NITI Ayog announce a problem for the start-ups, all specializing in millet, millet associated issues, and that problem will likely be thrown open to anybody who desires to take part, inclusive of younger minds who desires to be related to start-ups, to take up the problem and supply options by way of progressive methods,” she stated.
Noting that earlier than December the announcement of the winner will likely be made, she stated that the Millet Problem will award seed grants of Rs 1 crore every to 3 winners, Rs 20 lakh every to fifteen chosen candidates, and Rs 10 lakh every to fifteen different chosen candidates.
The Minister additionally urged giant firms which cope with millet processing notably to concentrate on the backward Kalyana Karnataka, and a model be created for this area of the state.
“Like Kodagu and Araku means espresso, Kalyana Karnataka means millet. That type of branding and highly effective advertising and marketing ought to change into train, I invite start-ups to work with the type of firms which may also help us model millets from India to achieve all international locations of the world, notably after we are in search of wholesome various meals,” he stated.
Sitharaman additionally expressed concern over a report that there’s a drop of about 60 per cent of land underneath cultivation of millets, and that too in a state which provides Rs 10,000 per acre as incentive to develop millets.
“Significantly there’s a want to return out with a suggestion on what’s the trigger? Is it simply the market or something else- we have to know that,” she stated.
Mentioning that Karnataka is a number one producer of millets, the Finance Minister stated, India within the world state of affairs is the best producer of millets and its fifth largest exporter.
She listed out 7 the reason why extra emphasis must be placed on millet manufacturing like- dietary safety, Atma-Nirbhar Bharat, girls participation, scope of worth addition, employment technology, start-up setting, and local weather resilience. PTI KSU KSU SS SS
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