<h1>Cabinet Approves Continuation of Food Processing Tech Upgrade Scheme with Rs. 740 Crore Budget for 2013-17.</h1> The Cabinet Committee on Economic Affairs approved the continuation of the Scheme for Technology Upgradation, Establishment, and Modernization of Food Processing Industries during the 12th Plan (2013-17) with a budget of Rs. 740 crore to address liabilities from the 11th Plan. This scheme, now part of the National Mission on Food Processing, provides back-ended subsidies as grants-in-aid. Due to its popularity, many applications were received during the 11th Plan, leading to unmet commitments. The scheme will now be implemented through State and Union Territory governments, providing financial assistance to eligible applicants from April 1, 2012, onwards.