Under central government-sponsored PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme across the country, a total of 1,08,580 micro food processing enterprises have been approved for assistance under PMFME Scheme till 31st October, 2024. The scheme is operational from 2020-21 to 2025-26 with total outlay of Rs. 10,000 crores.
Union Minister of State for Food Processing Industries, Shri Ravneet Singh Bhittu, shared this information in a written reply to Loksabha.
He informed that the Ministry of Food Processing Industries (MoFPI) in India has been actively supporting small and medium-scale food processing entrepreneurs through various schemes. Here are some key initiatives:
Central Sector Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) Scheme
- Objective: To incentivize food processing entrepreneurs for setting up or expanding related industries.
- Financial Assistance: Provides mostly credit-linked financial assistance (capital subsidy) to entrepreneurs.
- Projects: Includes 41 Mega Food Parks, 399 Cold Chain projects, 76 Agro-Processing Clusters, 559 Food Processing Units, and more.
Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)
- Objective: To support the creation of global food manufacturing champions and promote Indian brands in international markets.
- Implementation Period: From 2021-22 to 2026-27.
- Outlay: Rs. 10,900 crores.
Centrally Sponsored PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme
- Objective: To provide financial, technical, and business support for setting up or upgrading micro food processing enterprises.
- Operational Period: From 2020-21 to 2025-26.
- Outlay: Rs. 10,000 crores.
- Approved Enterprises: Over 1,08,580 micro food processing enterprises have been approved for assistance under this scheme.
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