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PM Formalization Of Micro Food Processing Enterprises Scheme

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).

Features:

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.

Financial Support:

  • 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.

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