Do you know Central Government also provides Subsidy for Small Unit; Read here...
- tech7379
- Apr 2, 2021
- 2 min read
PM Formalisation of Micro food processing Enterprises Scheme (PM FME Scheme)
Ministry of Food Processing Industries (MoFPI), in partnership with the State/ UT Governments, has launched an all India Centrally Sponsored PM Formalisation of Micro food processing Enterprises Scheme (PM FME Scheme) for providing financial, technical and business support for upgradation of existing micro food processing enterprises. A Centrally Sponsored Scheme is for the Unorganized Sector on All India basis with an outlay of Rs.10,000 crore. The expenditure will be shared by GOI and the States in ratio of 60:40.
Objectives
Increase in access to finance by micro food processing units.
Increase in revenues of target enterprises.
Enhanced compliance with food quality and safety standards.
Strengthening capacities of support systems.
Transition from the unorganized sector to the formal sector.
Special focus on women entrepreneurs and Aspirational districts.
Focus on minor forest produce in Tribal Districts.
Features
Scheme is for All India basis.
Support to Individual micro units:
Micro enterprises will get credit linked subsidy @ 35% of the eligible project cost with ceiling of Rs.10 lakhs.
Beneficiary contribution will be minimum 10% and balance from loan.
On-site skill training & Handholding for DPR and technical upgradation.
Support to FPOs/SHGs/Cooperatives:
Seed capital will be given to SHGs (@ Rs. 4 lakhs per SHG) for loan to members for working capital and small tools.
Grant for backward/ forward linkages, common infrastructure, packaging, marketing & branding.
It is a centrally sponsored scheme. The share of expenditure under the PM FME scheme is as follows:
1. 60:40 between the central government and state governments and UTS with the legislature.
2. 90:10 between central and North Eastern and Himalayan states
3. 100 percent central assistance for UTs without legislatures.
It will run for five years — 2020-21 to 2024-25. The central government will bear the expenditure for the first year irrespective of who incurs it; later will be adjusted in the ratio mentioned above; in the next four years.
Skill training & Handholding support.
Credit linked capital subsidy.
Our Services
Detailed Project Report
Assistance for Bank Loan
Project Planning and Feasibility Study
Project Implementation
Monitoring and Evaluation Services
Supply Chain Management
Agriculture Advisory Services
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