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Centre to set up/upgrade 2 lakh micro food processing enterprises from 2020-21 to 2024-25 with an outlay of Rs. 10,000 crores-Prahlad Singh Patel.
Jul 26, 2021

Union Minister of State for Food Processing Industries Shri Prahlad Singh Patel today said that as part of the Aatmanirbhar Bharat Initiative, MoFPI is implementing a Centrally Sponsored Schemefor setting up/upgradation of 2 lakh micro food processing enterprises. The enterprises can be set up or upgraded through credit linked subsidy during five years from 2020-21 to 2024-25 with an outlay of Rs. 10,000 crores.  In a written reply to a question in the Rajya Sabha, Shri Patel said, the Central Scheme-PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) provides financial, technical and business support for these enterprises.
Moreover, the Ministry of Food Processing Industries (MoFPI) has been implementing Central Sector Umbrella Scheme - Pradhan MantriKisan SAMPADA Yojana (PMKSY) since 2016-17 for overall growth and development of food processing sector, including processing of agro- products and thus increasing the income of the farmers.

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