Stating that many international big funds have shown interest, Badal said: "We will be able to make consortium of banks to come together to put funds for this financial institution, which will not only lend to food processing sector but will also work towards risk assessment, capacity building and cut food wastage."
As the demand for food is set to rise with increase in population, some funds may also be utilised for research and development, she added.
The minister emphasised the need to partner with private sector and set up a body to reduce post harvesting losses.
She further said western nations are facing food wastage on plate, while India has it in during harvesting, transportation and storage of food crops.
The Cargill report highlights Asia's existing food system and talks about critical issues that the region will face in the period to 2030 and how companies and policymakers should strategise for the future.
Nestle India Managing Director and Chairman Suresh Narayanan, Walmart India CEO and President Krish Iyer, FSSAI chief management services officer Madhavi Das, Niti Aayog member Ramesh Chand and Cargill India Chairman Siraj Chaudhry were present at the launch.