Pmfme scheme

For Prelims: PMFME, NAFED, FPOs, One District One Product, Initiatives related to food processing sector, For Mains: Significance of PMFME Scheme in improving agricultural marketing. Why in News? Recently, the Ministry of Food Processing Industries and Three One District One Product (ODOP) brands under the • The Ministry of Food Processing Industries has signed an agreement with NAFED for developing 10 brands of selected 20 ODOPs under the branding and marketing component of the PMFME scheme. What is PMFME Scheme? • About: • Launched under to enhance the competitiveness of existing individual micro-enterprises in the unorganised segment of the • The scheme adopts the One District One Product (ODOP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products. • It will be implemented over a period of five years from 2020-21 to 2024-25. • Features: • 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. • The ODOP could be a perishable produce based or cereal based or a food item widely produced in an area. E.g. mango, potato, pickle, millet based products, fisheries, poultry, etc. • Other Focus Areas: • Waste to wealth products, minor forest products and • Capacity building and research: Academic and research institutions under MoFPI along with State Level Technical Institutions would be provided ...

• • June 30, 2021 The centrally sponsored Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, launched under the Aatmanirbhar Bharat Abhiyan, to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector, marks the completion of its one year. Launched on 29th June 2020, the PMFME Scheme is currently being implemented in 35 States and Union Territories. The online portal for the application of the PMFME Scheme was made live on 25th January 2021. More than 9000 individual beneficiaries have registered on the portal, out of which more than 3500 applications have been successfully submitted under the scheme. Milestones achieved under the PMFME Scheme • One District One Product Under the One District One Product (ODOP) component of the PMFME Scheme, the Ministry of Food Processing Industries approved ODOP for 707 districts for 35 States and UTs, including 137 unique products as per the recommendations received by States/UTs. The GIS ODOP digital map of India has been launched to provide details of ODOP products of all the States and UTs. The digital map also has indicators for Tribal, SC, ST, and aspirational districts. It will enable stakeholders to make concerted efforts for its value chain development. • Convergence Under the PMFME Scheme, the Ministry signed three joint letters with the Ministry of Rural Development, the Ministry of Trib...

Credit and finance for MSMEs: PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME), which offers credit-linked subsidy to set up or upgrade micro food processing units, has received over 1,02,515 loan applications so far. Out of the applications received, 25,774 loan applications have been sanctioned, according to the data shared by the minister of food processing industries Pashupati Kumar Paras in a written reply to a question in the Lok Sabha on Tuesday. The scheme looks to support the setting up of 2 lakh micro food processing enterprises through credit-linked subsidy during the five-year period from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore. Self Reliant India (SRI) Fund: What is govt’s Rs 50,000 crore fund for MSMEs and how it works? See details Also read: PM Modi urges businesses to utilise the government’s food processing PLI scheme So far 25 training workshops/sessions have been conducted for 486 master trainers, which are product-specific trainers, 76 sessions for 983 district-level trainers, 1,085 sessions for 27,949 beneficiaries, etc. Importantly, the ministry has signed memorandums of understanding or joint letters with multiple government enterprises and departments such as the Indian Council for Agriculture Research (ICAR), Department of Animal Husbandry and Dairying (DAHD), Food Safety and Standards Authority of India (FSSAI), Ministry of Rural Development (MoRD), Ministry of Housing and Urban Affairs (MoHUA), and more to converg...