Ministry of Food Processing Industries has launched the centrally sponsored PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, with an outlay of Rs. 10,000 Crore over a period of five years from 2020-21 to 2024-25.
The scheme aims to enhance the competitiveness of existing micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector. It includes financial, technical and business support for up gradation of two lakh micro food processing enterprises.
Accordingly, the Scheme adopts One District One Product (ODOP) approach to reap benefits of scale in terms of procurement of inputs, availing common services and marketing of products.
So far, ODOPs for 135 unique products in 707 districts in 35 States/UTs has been approved by the Ministry.
Further, the PMFME scheme envisages to reduce wastage, creation of off-farm job opportunities and aids in achieving the overarching objective of doubling the farmers’ income.