Question
How much amount was released to States and UTs under the
Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PM-FME) Scheme?ĀSolution
The Union Finance Minister released ā¹3,791.1 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 ā¹10,000 crore (2020ā26), offers a 35% credit-linked subsidy up to ā¹10 lakh for individuals and up to ā¹3 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 marketingĀ
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