PM Formalization of Micro Food Processing Enterprises Scheme

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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

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