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Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme

Published on July 03, 2022
Current Context: Ministry of Food Processing announced PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years.
Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
  • The main objective of the scheme is to envision and enhance the individual micro-enterprises in the unorganized segment of the food processing industry and formalization of the sector.
  • It will be implemented over a period of five years from 2020-21 to 2024-25.
  • It is a centrally sponsored scheme with an outlay of Rs. 10,000 crore.
  • It is currently being implemented in 35 States and Union Territories.
  • This scheme also provided financial support of 40 thousand rupees for working capital and the purchase of small tools for each member of the Self-Help Group.
  • Over one lakh SHG members have been identified and the seed capital amount of 203 crore rupees has been released.

Question:

Q.1 Recently the PMFME scheme is in news it will be implemented over a period of _________ years?
a. 3 years
b. 5 years
c. 4 years
d. 2 years
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