fbpx

PM Formalization of Micro Food Processing Enterprises Scheme

  • IASbaba
  • July 1, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

PM Formalization of Micro Food Processing Enterprises Scheme

Part of: GS Prelims and GS -III – Economy; Food processing

In news

  • The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme completed its one year on 29th June.
  • It was launched under the Atmanirbhar Bharat Abhiyan
  • It is currently being implemented in 35 States and Union Territories (UTs).
  • Ministry: Ministry of Food Processing Industries (MoFPI).

Features of the PMFME

  • One District One Product (ODOP) Approach:
    • The States would identify food products for districts keeping in view the existing clusters and availability of raw material.
  • Other Focus Areas:
    • Waste to wealth products, minor forest products and Aspirational Districts.
  • Financial Support:
    • Existing individual micro food processing units desirous of upgrading their units can avail credit-linked capital subsidy at 35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit.
    • Initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools.
  • Duration: 2020-21 to 2024-25.
  • It is a centrally sponsored scheme with an outlay of Rs. 10,000 crore.
    • It would be shared in 60:40 ratio between Central and State Governments, in 90:10 ratio with North Eastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs.

Other Schemes Related to Food Processing

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....