MoFPI Starts Implementation of PM – FME Scheme

MOFPI Starts Implementation of PM- FME Scheme

Ministry of Food Processing Industries (MoFPI) has signed a Joint Communique with Ministry of Tribal Affairs and 5 Memorandum of Understanding (MoUs) with TRIFED(Tribal Cooperative Marketing Development Federation of India ), ICAR( Indian Council of Agricultural Research), NSFDC(National Scheduled Castes Finance and Development Corporation), NAFED (National Agricultural Cooperative Marketing Federation of India Ltd. ) and NCDC (National Cooperative Development Corporation) defining convergence mechanism in implementation of Pradhan Mantri Formation of Micro food processing Enterprises (PM- FME) scheme.

PM-FME scheme has total outlay of Rs 10,000 crores, including Rs. 800 crores for scheduled caste people who will benefit hugely and would move forward in the direction of becoming Atmanirbhar.

Further, the MoFPI has signed an agreement with Union Bank of India as nodal bank for PM-FME scheme.

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