Ministry of Food Processing Industries IMPLEMENTATION OF PMFME Posted On: 05 AUG 2022 6:03PM by PIB Delhi Ministry of Food Processing Indus
Ministry of Food Processing Industries
IMPLEMENTATION OF PMFME
Posted On: 05 AUG 2022 6:03PM by PIB Delhi
Ministry of Food Processing Industries (MoFPI) is implementing a centrally sponsored “PM Formalisation of Micro food processing Enterprises (PMFME) Scheme” for providing financial, technical and business support for setting up / upgradation of micro food processing enterprises in the country. The scheme is operational for a period of five years from 2020-21 to 2024-25 with an outlay of Rs. 10,000 Crore. The details of assistance available under the scheme is placed at Annexure.
MoFPI does not set up Food Processing Industries on its own. However, it assists entrepreneurs in establishing such Industries across the country including Tamil Nadu through its Central Sector Umbrella Scheme Pradhan MantriKisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally sponsored PMFME Scheme.
The details of assistance available under PMFME Scheme
(i). Support to Individual / Group Category Micro Enterprises: Credit-linked capital subsidy @35% of the eligible project cost, maximum ceiling Rs.10 lakh per unit;
(ii). Support to SHGs for seed capital: Seed capital @ Rs. 40,000/- per member of SHG engaged in food processing for working capital and purchase of small tools subject to maximum of Rs. 4 lakh per SHG Federation.
(iii). Support for Common Infrastructure: Credit linked capital subsidy @35% subject to maximum of Rs. 3 crore to support FPOs, SHGs, Cooperatives and any Government agency for setting up of common infrastructure. The common infrastructure will also be available for other units and public to utilize on hiring basis for substantial part of the capacity.
(iv). Branding and Marketing Support: Grant upto 50% for Branding and Marketing to groups of FPOs/ SHGs/ Cooperatives or an SPV of micro food processing enterprises.
(v). Capacity Building: The scheme envisages training for Entrepreneurship Development Skilling (EDP+): program modified to meet the requirement of food processing industry and product specific skilling.
This information was given by the Minister of State for Food Processing Industries, Shri Prahlad Singh Patel in a written reply in Rajya Sabha today.
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