Central government has lunched a scheme “PM Formalization of Micro Food Processing Enterprises (PM FME)”. This scheme is for 8 lakh small businesses which provides information, training, better exposure and formalization. 9 lakh skilled and semi skilled workers can get employment through the scheme. Government has announced the total budget of the scheme is Rs 35,000 crore. This scheme will be implemented with in five years from 2021 to 2025 under the “Atmanirbhar Bharat Abhiyan”.
|Scheme:||PM Formalization of Micro Food Processing Enterprises (PM FME)|
|Benefit:||Financial assistance to local food processing and manufacturing|
|Beneficiaries:||Local small business|
|Launched On:||29 June, 2020|
|Launched By:||Central government|
This scheme is announced by Union Cabinet Minister of Harsimrat Kaur Badal. With this scheme government want to support local food processing business. They will provide support to rural food products manufacture. local small business will grow up financial, technical with the scheme. Local product will be promoted and branded under the scheme.
- Job opportunities in rural areas
- To promote local food manufacturing
- Grow the small local business in villages
- To promote and brand local products
- Scheme is applicable across the country
- Scheme is available for villages, small/micro food manufacture business
This is best opportunity to grow up small scale business in rural area. They can make their product local to global.