- June 30, 2020
- Posted by: admin1
- Category: DPN Topics
Centre has launched aRs 10,000 crore scheme for micro enterprises
Pradhan MantriFormalisation of Micro Food Enterprises (PM FME) aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.
- Increase in access to finance by micro food processing units.
- Increase in revenues of target enterprises.
- Enhanced compliance with food quality and safety standards.
- Strengthening capacities of support systems.
- Transition from the unorganized sector to the formal sector.
- Special focus on women entrepreneurs and Aspirational districts.
- Encourage Waste to Wealth activities.
- Focus on minor forest produce in Tribal Districts.
- Centrally Sponsored Scheme. Expenditure to be shared by Government of India and States at 60:40.
- 2,00,000 micro-enterprises are to be assisted with credit linked subsidy.
- Scheme will be implemented over a 5 year period from 2020-21 to 2024-25.
- Cluster approach.
- Focus on perishables.
One District One Product
- The Scheme adopts One District One Product (ODODP) approachto reap benefit of scale in terms of procurement of inputs, availing common services and marketing of products.
- The States would identify food product for a district keeping in view the existing clusters and availability of raw material.
- The ODOP product could be a perishable produce based product or cereal based products or a food product widely produced in a district and their allied sectors.
- Preference would be given to those producing ODOP products. However, units producing other products would also be supported.
- Support for common infrastructure and branding & marketing would be for ODOP products.