You are here: Home » Economy & Policy » News
Business Standard

PM FME scheme golden opportunity for micro food entrepreneurs: Minister

for Food Processing Industries MoS Rameswar Teli said the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PM FME) scheme offers golden opportunities to micro food entrepreneurs

Topics
food processing | India food sector | restaurants

Press Trust of India  |  Guwahati 

food processing, jobs, women, workers
Representational image

Union Minister of State for

Industries Rameswar Teli on Tuesday said the Pradhan Mantri Formalisation of Micro Enterprises (PM FME) scheme offers golden opportunities to micro food entrepreneurs.

The scheme aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.

Addressing a stakeholders meeting on here, Teli said, the entrepreneurs will benefit from the scheme, with an outlay of Rs 10,000 crore over a period of five years from 2020-21 to 2024-25.

"It will surely address the challenges faced by micro enterprises and help tap the potential of groups and cooperatives," he said.

Another central sector scheme, Pradhan Mantri Kisan SAMPADA Yojana, will result in creation of modern infrastructure, including mega food parks, integrated cold chain and backward and forward linkages, the minister said.

"It will not only provide a big boost to the growth of food processing sector in the country but also help in creating huge employment opportunities and enhancing the export of processed foods," Teli said.

Sanction has been given for setting up mini food parks at Tinsukia, Sonitpur and Vijaynagar, he said.

The minister urged business leaders to invest in the state citing its locational advantage, conducive ecosystem, excellent incentives and subsidies under the North East Industrial Development Scheme (NEIDS) of the Centre and the industrial policy of the state.

Assam Industries and Commerce Minister Chandra Mohan Patowary said, the agro-climatic conditions of the state favour growth of a variety of fruits, vegetables and spices which can help in setting up agro-processing industries.

The state has a surplus production of fruits and vegetables and has been exporting them to Abu Dhabi, Dubai, Kuwait, in the past few years.

Even during COVID-19 lockdown, the state had exported consignments of vegetables to the Middle East, he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 16 2021. 20:23 IST
RECOMMENDED FOR YOU
.