PM FME Scheme Guidelines - Summary
The PM FME Scheme (Prime Minister’s Formalization of Micro Food Processing Enterprises) is a vital government programme in India aimed at supporting the formalization, entrepreneurship, and technological improvement in the micro food processing sector. You can easily download the PM FME Scheme Guidelines PDF from the link at the bottom of this page.
Overview of the PM FME Scheme
This scheme provides financial support and assistance to micro food processing businesses, helping them to become more competitive and productive. Under this initiative, 2,00,000 micro food processing units will receive direct help through a credit-linked subsidy. This will be complemented by strong common infrastructure and frameworks that will boost the sector’s growth.
Objectives of the PM FME Scheme (PMFME)
The primary goals of the scheme focus on enhancing the abilities of microenterprises in various important areas:
- Improved access to credit for existing micro food processing entrepreneurs, Farmer Producer Organisations (FPOs), Self Help Groups, and Cooperatives;
- Better integration into an organized supply chain by improving branding and marketing;
- Support to transition 2,00,000 existing enterprises into the formal sector;
- Enhanced access to common services like processing facilities, laboratories, storage, packaging, marketing, and incubation services;
- Strengthening institutions, research, and training in the food processing industry;
- Better access for businesses to professional and technical support.
This scheme has an impressive budget of Rs. 10,000 crore over five years, from 2020-21 to 2024-25. The financial support will be split in a 60:40 ratio between the Central and State Governments. For North Eastern and Himalayan States, the ratio will be 90:10, whereas for Union Territories with a legislature, it will be 60:40. The Central Government will cover 100% for other Union Territories.
The Scheme uses the One District One Product (ODOP) approach, which brings economies of scale in areas such as input procurement, shared services, and product marketing. The ODOP framework will help in developing the value chain and aligning the necessary infrastructure. It’s useful to know that multiple clusters of ODOP products can exist in one district, and a cluster might even extend across neighboring districts within a State.
For more information, please visit the official website click here.
You can download the PM FME Scheme Guidelines PDF from the official website link below or through the alternate link. Don’t miss this chance to learn more about the benefits of the PM FME Scheme!
