Q. Which of the following statements is/are correct about the PM - Formalisation of Micro Food Processing Enterprises (PM-FME) scheme

Select the answer using the codes given below:

1 only

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2 only

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Both 1 and 2

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None of the above

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Solution

The correct option is D None of the above
Explanation:

Statement 1 is incorrect. PM-FME is based on the district one product approach.

Statement 2 is incorrect. The scheme will provide credit linked subsidy of Rs. 10 lakh per unit for eligible food processing units. Note that there is a difference between a grant and credit-linked subsidies. In grants, there is no obligation to repay. In credit-linked subsidies, credit is provided at a lower interest rate.

About PM - Formalisation of Micro Food Processing Enterprises (PM-FME) scheme:

The PM FME scheme is a central sector scheme with an outlay of INR 10,000 cr to support the unorganized micro food processing units in the country. The objectives of the scheme are:

Formalization of micro food processing units

Financial assistance to individuals for up-gradation of units

Training and technical knowledge

Financial assistance to groups for the common infrastructure

Branding and marketing support

Existing individual micro food processing units desirous of upgradation of their unit can avail credit-linked capital subsidy at 35% of the eligible project cost with a maximum ceiling of ₹ 10 lakh per unit

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83. With what purpose is the Government of India promoting the concept of “Mega Food Parks”?

i) To provide good infrastructure facilities for the food processing industry.

ii) To increase the processing of perishable items and reduce wastage.

iii) To provide emerging and eco-friendly food processing technologies to entrepreneurs.

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Q. Consider the following statements about the Micro, Small and Medium Enterprises Development Act, 2006( MSME ACT 2006):

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Q. Consider the following statements regarding Mega Food Parks scheme:

Which of the statements given above is/are correct?

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