Centre gov has launched Pradhan Mantri Formalisation of Micro Food Enterprises (PM FME) Scheme on 29 June 2020. It is a Rs. 10,000 crore scheme and is launched as a part of the Atmanirbhar Bharat Abhiyan. The new PM FME scheme will be implemented for five years until 2024-25. The new PM Formalisation of Micro Food Enterprises Scheme will generate investment of Rs. 35,000 core. Additionally, around 9 lakh skilled and semi skilled jobs would be generated. Around 8 lakh units would be benefited through access to information, training, better exposure and formalization. The guidelines of the Scheme were released on the occasion. This PM FME scheme aims to bring in new technology apart from providing affordable credit to help small entrepreneurs penetrate new markets. Under the PM FME scheme, micro enterprises will get 35% subsidy on project cost, with a ceiling of Rs 10 lakh. The beneficiaries will have to contribute at least 10% of the project cost while the balance will come from loans.
DIGITAL BHARAT KI CHAUPAL