Convergence portal for micro food processing units launched

New Delhi, Sept 22 (KNN) A Convergence Portal between Agriculture Infrastructure Fund (AIF), Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme and Pradhan Mantri Kisan Sampada Yojana (PMKSY) has been launched to support micro units in the food processing sector.

The Ministry of Agriculture & Farmers Welfare (MoAFW) and Ministry of Food Processing Industries (MoFPI) on Wednesday unveiled the portal at Krishi Bhawan in the national capital, said a press release.

Union Ministers of both the Ministries expressed confidence that this initiative is going to add a new chapter in the lives of micro units engaged in food processing.

Speaking on the occasion, Pashupati Kumar Paras, Union Minister, Food Processing Industries said that the launch will prove to be very important for the Food Processing Enterprises of the country and is a stepping stone to achieve Prime Minister Narendra Modi’s dream of an Aatma Nirbhar Bharat and will also boost concept of ‘Vocal For Local’.

Narendra Singh Tomar, Union Minister, Agriculture & Farmers Welfare said that it is the idea of Prime Minister Narendra Modi that all Ministries / Departments of the Government should work together in cohesion to serve the people of the country to the best of their abilities.

Through this convergence, the eligible beneficiaries under PMFME and PMKSY Scheme availing credit-linked subsidy would be able to avail an additional benefit of Interest Subvention @3 per cent on the interest rate being charged by the banks over and above the 35 per cent of subsidy being provided under the PMFME Scheme.

For the ease of approval of projects under both schemes, the AIF MIS portal has been modified for the acceptance of applications from the beneficiaries under the PMFME and PMKSY scheme.

The PMFME beneficiaries would be able to apply directly for the benefit of Interest Subvention on the AIF portal with the DPR approved under PMFME along with particular information such as application Id generated under PMFME scheme.

A Sanction Letter, information of Primary and Secondary processing activities with cost would also be required.

Similarly, AIF beneficiaries eligible under PMFME Scheme can seek additional benefits of subsidy by applying in the PMFME MIS portal with the sanction letter under AIF and DPR.  (KNN Bureau)