(FREE) UPSC Current Affairs 2024 PDF

(THE GIST OF PIB) PMFME Scheme

[JUNE-2022]

The Pradhan Mantri Formalisation of Micro Food Processing Enterprises, PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years.

Ministry of Food Processing Industries said that the PMFME Scheme is currently being implemented in 35 States and Union Territories, envisioning enhancement of the existing individual micro-enterprises in the unorganized segment of the food processing industry and formalization of the sector.
This scheme also envisages financial support of 40 thousand rupees for working capital and purchase of small tools for each member of the Self-Help Group (SHG) engaged in food processing activities.
Over one lakh SHG members have been identified and the seed capital amount of 203 crore rupees has been released so far.

The focus will be on women and SC/ST owned units and those in Aspirational districts and a cluster-based approach (e.g. Mango in UP, Tomato in Karnataka, Chilli in Andhra Pradesh, Orange in Maharashtra etc.) will be followed to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products.
The scheme provides credit linked grants to enterprises with provision of seed capital to SHGs for meeting working expenses and purchase of small tools.
The scheme is set to transform the unorganised micro food processing enterprises for the larger benefit of rural people and rural economy.