PM FME Scheme: Ministries Converge

The Ministry of Food Processing Industries, earlier launched an all India Pradhan Mantri Formalization of Micro Food Processing Enterprises (PM FME) Scheme. The scheme is to be implemented between 2020-21 and 2024-25. It is to implemented at an outlay of Rs 10,000 crores.

Convergence of Ministries

Recently, the Ministry of Food Processing Industries (MoFPI) agreed to work with the Ministry of Rural Development (MoRD) to implement the PM FME scheme. The Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM) operating under MoRD is to work with the MoFPI to implement the scheme.

What is the plan?

• The Ministries are to provide seed capital support to the Self-Help Group members. Accordingly, Rs 40,000 is to be provided to every Self-Help Group member.
• The State Rural Livelihood Missions in the States and Union Territories are responsible for identifying eligible beneficiaries.
• In 2020-21, around 17,427 beneficiaries were recommended for seed capital support of Rs 51.85 crores. So far, Rs 29.01 crores has been approved towards seed capital support covering 6,694 enterprises. These enterprises are located in the states of Andhra Pradesh, Goa, Chhattisgarh, Haryana, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, Odisha, Meghalaya, Rajasthan, Sikkim, Tripura, Sikkim, Telangana and Uttar Pradesh.

Deendayal Antyodaya Yojana (DAY)

It is also called National Rural Livelihood Mission (NRLM). The DAY-NRLM is the new name given to Aajeevika-NRLM. It was renamed in 2015. The programme is partly supported by World Bank. The main aim of the programme is to increase the household income of rural poor. The scheme was begun with an agenda to cover seven crore rural poor households.

Scheme for Formalisation of Micro Processing Enterprises

The scheme was launched for the unorganized sector in India. It aims to increase access to finance by micro processing units. It also aims in compliance with food quality and safety standards. The scheme focuses on women entrepreneurs and aspirational districts.

Month: Current Affairs - April, 2021