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Context

• The Ministry of Food Processing Industries in association with the Ministry of Housing and Urban Affairs, under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module.

About the PMFME Scheme

• It was launched on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed capital assistance to members of urban Self Help Groups working in the food processing sector in India.
• Launched under the Aatmanirbhar Bharat Abhiyan, the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme is a centrally sponsored scheme that aims to enhance the competitiveness and promote formalization of the unorganized micro—food processing enterprises in India.
• The scheme aims to empower the self-help groups by:
• Seed capital support of Rs.40,000 per SHG member;
• Credit linked subsidy for capital investment up to 35% with a ceiling of Rs. 10 lakh;
• Credit linked grantsupport up to 35% for establishing common infrastructure;
• Handholding support for DPR preparation and;
• Capacity building and training support.

Significance

• The Scheme will enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector and provide support to Farmer Producer Organizations, Self Help Groups, and Producers Cooperatives along their entire value chain.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1758658

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