New Delhi: The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, launched in June 2020, continues to strengthen India’s micro food processing sector. The scheme aims to assist micro enterprises, largely operating in the informal sector, by addressing challenges such as lack of credit access, technology upgradation, marketing…
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PMFME Scheme Powers Micro Food Units Nationwide
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme has recorded strong traction across India, the government told Parliament on Friday. The programme aimed at formalising micro food processors, strengthening market access and improving competitiveness has sanctioned 1,62,744 loans under its credit-linked subsidy component and approved seed capital…