About the Scheme
PM FME supports unorganised micro food processing enterprises to become formal, compliant, and competitive. Launched June 29, 2020. Budget: ₹10,000 crore (2020-25). Credit-linked subsidy: 35% of eligible project cost (max ₹10 lakh). 2 lakh enterprises to be formalized. ODOP cluster approach. Skill training to 5 lakh persons. Covers pickles, papad, honey, spices, oils, makhana, tribal products.
Target Beneficiaries: 2 lakh+ micro food processing enterprises; food entrepreneurs; SHGs; ODOP clusters
Key Features
- Budget: ₹10,000 crore (2020-25); credit-linked subsidy 35% of project cost (max ₹10 lakh)
- Target: 2 lakh micro enterprises formalized and credit-linked
- ODOP cluster approach: each district focuses on one specific food product
- SHG seed capital: ₹40,000 for working capital and equipment
- Skill training: 5 lakh persons trained in enterprise management and food safety
- FSSAI food safety compliance: micro enterprises get technical support
- Products: pickles, papad, honey, spices, oils, makhana, tribal products