The transformation of the micro and food processing industry from the perspective of the whole India is provided as part of a separate mission, Atmanirbhar Bharat Abhiyan.
Within the FY 2020-21, 10,000 CRORE expenditure was notified within PMFME or the formalization of enterprises for the processing of micro-food.
The aim is to formalize 200,000 units for processing micro-food by 2025-26. Transformation from informal production systems based on settlement on more structured credit and market -oriented operating regimes is also available.
Read More: One District One Product (ODOP): New Startup Ideas Backed by Government Support
Current Status: Sector of Micropotravin in India
The findings considered 74% of food processing units in India and the productivity level was really low. PMFME deals with the following:
- Integration of 250000 micro-units legally into organized supplier chains
- Credit subsidies a maximum of 35 percent up to 10 lakh for each unit
- Facing the ODOP-One District One product system for promoting local branding, supply chain and specialization development.
This ensures financial assistance together with the support of activities that can be used by micro -duties, agricultural organizations, self -help groups and cooperatives within the roofing framework.
Read More: Top Food Startups in Northeast India
The main provision: the authorization of entrepreneurs
Forms of ownership of micro units
Individual ownership, partnership, FPO, cooperative, NGO and private at the bare minimum will have to create a company according to private entities. Therefore, PMFME will provide a subsidy for the cost of the project by a maximum of 35%per recipient, which does not exceed 10 lakh.
The total costs must be covered with at least 10% of beneficial investments; The rest is covered with banking financing.
Plants and machines, civic work, technical improvements, branding and marketing are included.
Common Infrastructure Projects
The subsidy is 35% with a ceiling of 3 million GBP for common infrastructure per unit for FPO, cooperatives, SHG, government agencies and producer companies. Chain of value chain development, incubation centers, shared processing units.
ODOP Access to local growth
In each district, one product is marked as cereals processed by ODP, or whether the agricultural product is fresh and subject to orthodox food. The justification is:
- He specializes and creates great economies.
- Source of raw materials easily.
- Develop context brands, marketing and investing in infrastructure.
It allows startups with light performance of existing demand and reduces the risks of entry into the market.
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Pmfme start-up opportunities
Low input barriers: graphically fewer capital requirements through promises through subsidies and banking loans.
Training and incubation: Incubated facilities will provide the development of skills and interconnection of research and development. Branding and marketing support: Branding Odop Collaborative Branding will convert to more.
Digital integration: Transparency provided by applications, approval and monitoring efficiency within the MIS web portal.
Read More: Top 10 Government Schemes for Food Processing Startups in India
PMFME: Intended business opportunities
Ready to eat from millet
A local entrepreneur could use a grain of pearl millet to make mixes or refreshments or gluten -free paste. Such products have markets open to export to the Middle East and even to Europe.
Matrix and seed processing
Start baking, use coating and butter cashew, oil or sesame, with the intention of helping to reduce imports, but improves independence from the emerging vegan proteins.
Special regional refreshments
Excellent district khakra, banana chips or paad can very well structure micro units from source to market stream. Such streams are very flexible because there are national retail chain systems and electronic trading platforms.
Pulp and juice concentrates from fruit
It would also leave space for processing concentrates of pulp or juice from mangoes, litchi or pineapple. Thus, the exports could also rely on compensation towards imports.
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Micro milk processing
Local dairy cooperatives are mainly in panel, ghee or flavored milk, which also meet urban demand. There may be shelves of excess ghee that export.
Herbal and functional drinks
Ayurvedic tonic, kombucha or botanical teas can create high demand for micro businesses that are doing well in the world.
Update of the bakery and confectionery
The business concerned the modernization of traditional bakeries that take it on an automated hardware platform, create high -quality craft bread, biscuits and chocolates from localized ingredients for better visibility and quality on the market.
How does NPC help you
First, Niir Project Consultancy Services (NPCS) offers specialized counseling assistance to entrepreneurs. NPCS helps clients identify opportunities with PMFME.
It helps entrepreneurs in preparing a detailed project report (DPR), which is a prerequisite for financial assistance and approval. Entrepreneurs therefore feel quite free to carry out their projects of food processing within the PMFME system.
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Conclusion
PMFME must be a river basin that would change the otherwise informal micro food sector in India to one that would be organized and formal on a competitive international scene.
Start-ups are expanding to an exporting business generating employment with all technical supports, subsidies and interventions of NPCS for substitution.
The scheme not only disappeared from the beaten track to become great business opportunities for the innovative mind in this generation by using the Indian rich food heritage to this generation for this generation.
PMFME FAQS
Who is eligible to apply for PMFME?
At the beginning, an individual may apply for it. FPO, SHG, cooperatives, NGOs and private entities operated food can also be used.
What is the maximum subsidy for micro-units?
As for assistance, this system would provide 35 % of the project costs. However, the subsidy would not be over 10,000,000 000 GBP for any individual unit.
What types of projects are eligible for grants for common infrastructure?
Grants will also be available for FPOs and cooperatives, SHG and other government agencies that develop a supply chain for cold storage; incubation centers; or shared processing units. Interestingly, grants can increase up to 3 crore.
How does OPOP support business?
It follows that One District One is the only product on the district strategy. This creates a more efficient supplier chain and reduces the risk of spreading a network for collective branding.
Can Startups use PMFME for exports?
Yes, even startups can take advantage of benefits. The scheme advocates in particular modern workmanship, branding and modernization of quality, so that businesses are ready and competitive for international markets.
