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.
These schemes, which are not region or state specific but demand driven, aim to boost the food processing industry, enhance operational efficiency, and support the transition to sustainable and modernized food processing practices.