Pradhan Mantri Formalisation Of Micro Food Processing Enterprises Scheme:
A one-day awareness programme on the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme was recently held in Srinagar.
- Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme launched on June 29, 2020, PMFMPE is a Centrally Sponsored Scheme by the Ministry of Food Processing Industries.
- It is designed to address the challenges faced by micro-enterprises and to tap the potential of groups and cooperatives to support the upgradation and formalisation of these enterprises.
- Objectives is to build the capability of microenterprises to enable:
- Increased access to credit by existing micro food processing entrepreneurs, FPOs, self-help groups, and co-operatives.
- Integration with an organised supply chain by strengthening branding & marketing.
- Support for the transition of existing 2,00,000 enterprises into a formal framework.
- Increased access to common services like common processing facilities, laboratories, storage, packaging, marketing, and incubation services.
- Strengthening of institutions, research, and training in the food processing sector; and
- Increased access for enterprises, to professional and technical support.
- Under the scheme, 2,00,000 micro food processing units will be directly assisted with credit-linked subsidies.
- Adequate, supportive common infrastructure and institutional architecture will be supported to accelerate the growth of the sector.
