Question
What’s the target of Pradhan Mantri Formalisation of
Micro food processing Enterprises (PMFME) Scheme?Solution
Launched on 29th June 2020 under Aatma Nirbhar Bharat Abhiyan. To enhance the competitiveness of existing individual micro-food processing industries in the unorganized segment of the food processing industry. The scheme aims to set up / upgrade 2 lakh micro food processing units from 2020-21 to 2024-25 . It’s a Centrally sponsored scheme ( i.e. funding shared between Centre & States) with a total outlay of Rs 10,000 crore for 5 years. Â
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