PM Formalization Of Micro Food Processing Enterprises Scheme:
The Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, launched under the Atmanirbhar Bharat Abhiyan, completed its one year on 29th June.
- The PMFME Scheme is currently being implemented in 35 States and Union Territories (UTs).
- Nodal Ministry: Ministry of Food Processing Industries (MoFPI).
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.
- The ODOP could be a perishable produce based or cereal based or a food item widely produced in an area. E.g. mango, potato, pickle, millet based products, fisheries, poultry, etc.
Other Focus Areas:
- Waste to wealth products, minor forest products and Aspirational Districts.
- Capacity building and research: Academic and research institutions under MoFPI along with State Level Technical Institutions would be provided support for training of units, product development, appropriate packaging and machinery for micro units.
- Upgradation of Individual Micro Food Processing Units: 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.
- Seed Capital to SHG: Initial funding of Rs. 40,000- per Self Help Group (SHG) member would be provided for working capital and purchase of small tools.
- Implementation: Over a period of five years from 2020-21 to 2024-25.
- It is a centrally sponsored scheme with an outlay of Rs. 10,000 crore.
- The expenditure under the scheme 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.