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Micro Food Processing Enterprises

UPSC CURRENT AFFAIRS | PRADHAN MANTRI FORMALISATION OF MICRO FOOD PROCESSING ENTERPRISES (PMFME) COMPLETES TWO YEARS | 04TH JULY | PIB

/ July, 2022, UPSC Daily Current Affairs

SYLLABUS SECTION: GS III (ECONOMY)

WHY IN THE NEWS?

Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) Scheme of M/o Food Processing Industries, under Aatma nirbhar Bharat Abhiyan, Completes Two Years.

MORE DETAILS:

  • PMFME is a centrally sponsor scheme launch by the Ministry of Food Processing Industries (MoFPI) in 2020 under Aatma Nirbhar Bharat Abhiyan to empower unorganize Micro Enterprises.
  • It was start with the zest to empower the unorganize Micro Enterprises continues to fulfill the aim of formalising the food processing sector and celebrating their tremendous support towards the economy, has borne good results for the sector.

Key Provisions of PMFME

  • Objective: To provide financial, technical and business support for upgradation of existing micro food processing enterprises.
  • Time Period: Five years starting from 2020-21 to 2024-25 with an outlay of ₹10,000 crore. Approach: ‘One District One Product’ with States to identify food products such as perishable agri-produce, cereal based product or other widely produce food product.
  • Also, it is converge with Deendayal Antayodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) of Ministry of Housing and Urban Affairs (MoHUA)
  • As part of convergence, the State Urban Livelihood Missions under DAY-NULM provides Seed Capital (as grant) to Area Level Federations (ALFs) involved in food.
Components of the PMFME Scheme
  • Support for food processing units
  • Marketing and branding support
  • Support for common infrastructure development
  • Capacity building and research
Progress/achievements
  • Currently it is implementing in 35 States and Union Territories.
  • The digital GIS ODOP map has been develop. 75 Incubation Centers have been approve.
  • Over 1 lakh SHG members identifying and seed capital amount of Rs. 203 Cr. has been release so far.
  • Under the scheme, MoUs have been sign with NAFED and TRIFED to take up the marketing and branding activities for supporting and handholding the beneficiaries along the entire value chain.

Read more: UPSC CURRENT AFFAIRS

Source: PIB