PM FME scheme to cover 90,000 food processing micro units

New Delhi, 28 Oct (KNN) The Ministry of Food Processing, Government of India under its PM Formalisation of Micro Food Processing Enterprises Scheme (PM FME) has decided to offer assistance in manner of training, camps and loans over the next five years to approximately 90,000 micro food processing units.

The Scheme adopts One District One Product (ODOP) approach, and individual micro food processing units desirous of up gradation of their unit can avail credit-linked capital subsidy at 35 per cent of the eligible project cost with a maximum ceiling of INR 10 lakh per unit.

Existing food processing units desirous of seeking assistance could apply online on FME portal. The Resource Persons (RPs) engaged for field level support would provide handholding support for preparation of DPR, availing bank loan, obtaining necessary registration and licences including food standards of FSSAI, Udyog Aadhar and GST.

Detailed guidelines of the scheme may be viewed at Ministry's website mofpi.nic.in Individual entrepreneurs and other stake holders may contact the State Nodal Agencies of their respective State / UT regarding the roll out of scheme and contact points at the district level.