Capacity building component of PM-FME Scheme inaugurated

Capacity building component of PM-FME Scheme inaugurated

Part of: GS Prelims and GS-II – International Relations

In news

• Union Minister for Food Processing Industries inaugurated the capacity building component of the Pradhan Mantri Formalisation of Micro food processing Enterprises scheme (PM-FME Scheme).

Important value additions 

PM-FME Scheme

• It was launched under the Aatmanirbhar Bharat Abhiyan. 
• It is a centrally sponsored scheme.
• Aim: (1) To enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry; (2) To promote formalization of the sector; (3) To provide support to Farmer Producer Organizations, Self Help Groups, and Producers Cooperatives along their entire value chain.
• Vision: To directly assist the 2,00,000 micro food processing units for providing financial, technical, and business support for upgradation of existing micro food processing enterprises with an outlay of Rs. 10,000 crore over a period of five years from 2020-21 to 2024-25.