Question
How much amount was released to States and UTs under the
Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PM-FME) Scheme?ÂSolution
The Union Finance Minister released ₹3,791.1 crore to States and UTs under the PM-FME Scheme, which aims to formalize micro food processing units across India. The scheme, launched in June 2020 with an outlay of ₹10,000 crore (2020–26), offers a 35% credit-linked subsidy up to ₹10 lakh for individuals and up to ₹3 crore for common infrastructure projects. It follows the One District One Product (ODOP) model, covering 713 districts and 137 products, to enhance local value chains and marketingÂ
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