The project under the PM FME scheme shall be eligible for loan upto 90% of the estimated/actual project cost on submission of viable projects be eligible beneficiaries.Quantum of Loan and Margin Money/ Beneficiary Contribution Preference would be given for ODOP product. Eligibility of a project under this category would be decided based on benefit to farmers and industry at large, viability gap, absence of private investment, critically to value chain, etc.Support for Common Infrastructure, Marketing and Branding:.The SHGs members should have a minimum period of 3 years experience in processing of the ODOP product.The SHGs should have sufficient own funds for meeting 10% of the project cost and 20% margin money for working capital or sanction of the same as grant from the State Government.Eligibility Criteria for Credit Linked Grant for Capital Investment for SHGs :.The cooperative/FPO should have sufficient internal resources or sanction from the State Government to meet 10% of the project cost and margin money for working capital.The members should have sufficient knowledge and experience in dealing with the product for a minimum period of 3 years.The cost of the project proposed should not be larger than the present turnover.It should have minimum turnover of Rs.It should preferably be engaged in processing of ODOP produce.Eligibility Criteria for Co-operatives/FPOs :.The "family" for this purpose would include self, spouse and children Only one person from one family would be eligible for obtaining financial assistance.The applicant should be above 18 years of age and should possess at least VIII standard pass educational qualification.Existing micro food processing units in operations, with investment not exceeding Rs.1 crore and turnover not exceeding Rs.5 crore.Eligibility criteria for individual micro enterprises under the scheme:.New Units, whether for individuals or groups would only be supported for One District One Product (ODOP).Existing Micro Food Processing Entrepreneurs.Increased access to credit by existing micro food processing entrepreneurs, FPOs, Self Help Groups and Co operatives.NIFTEM and IIFPT, two academic and research institutions under MOFPI along with State Level Technical Institutions selected by the States would be provided support for training of units, product development, appropriate packaging, and machinery for micro-units.PM Formalisation of Micro Food Processing Enterprises Scheme ( PM FME Scheme) Investment of capital along the value chain will also be provided credit at the rate of 35%. 40,000 will be provided to each SHG member for working capital and the purchase of small tools.
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ODODP products would be given preferencesĮxisting food units who want to upgrade will receive credit-linked capital subsidy at the rate of 35%of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit. One District One Product (ODODP) approach will be adopted with a food product being identified from one district The food product could be produced based or cereal-based. Centre’s share to be 100% in Union Territories.Centre: State ration to be 90:10 between North Eastern and the Himalayan States.Centre: State ratio to be 60:40 for States.The expenditure ratio would be as following: The scheme will be implemented over five years from 2020-21 to 2024-25. The Prime Minister in his speech on June 12 had emphasised that it was necessary to overcome this crisis with grit and determination. It would provide benefits to over 8 lakh units through access to information, training, better exposure, and formalization. The minister said that the scheme would generate a total investment of Rs 35,000 crore and generate 9 lakh skilled and semi-skilled jobs in the rural. PM Formalization of Micro Food Processing Enterprises (PM FME) scheme was launched by Union Minister for Food Processing Industries, Harsimrat Badal Kaur on 29th June 2020 as a part of Atma Nirbhar Abhiyaan to generate employment in the economy.