Press Release Detail

TPCI hails PM Formalization of Micro Food Processing Enterprises (PM FME) scheme, industry upbeat with 360* support

Press Release:

TPCI hails PM Formalization of Micro Food Processing Enterprises (PM FME) scheme, industry upbeat with 360* support

Chairman thanked Minister, Harsimrat Kaur Badal for her effort in creating the optimal ecosystem, says there is no such support to the food processing sector anywhere in the world

29th June 2020, New Delhi: Trade Promotion Council of India (TPCI) hailed the Minister Food Processing, Ms. Harsimrat Kaur Badal, for her dynamic, visionary and need-based interventions which have created a conducive ecosystem of 360* unparalleled support for the industry.

Reacting to the launch of ‘PM Formalization of Micro Food Processing Enterprises’ the new scheme of Ministry of Food Processing, Chairman TPCI, Mohit Singla said, “ Food processing the industry is upbeat with the unparalleled 360* support and Industry is ready to leverage the benefits of the multiple schemes of the Ministry to its best potential.”

Further Chairman said, “There is nowhere in this world matching the support to the scale and variety (encompassing the entire food processing value chain), which India has currently.  The government had already invoked three landmark and game-changing ordinances in order to liberalize the government control and free the bottlenecks also there are various supporting schemes of the food processing ministry connecting farm to fork.” The industry is all poised to make use of these schemes and emerge a significant player in value-added food sector globally.”

Speaking on the challenge Chairman TPCI said, “The biggest challenge is creative market-linked utilization. The micro-level farmers are not linked with the market value chain and are not industrial entrepreneurs by birth, they need orientation and handholding to process in the direction of the industry demand.  Our inquiry with new entrepreneurs has revealed that almost 80% of SMEs do not know how to utilize these schemes and incentives.”  

Citing an example Singla said, “Suppose a farmer has five acres of land and he grows lemon but he is unaware of demand and what to do with his produce? Which market to target? What to make whether lemonade, lime juice, or dehydrate it, to get maximum benefit. But there is no one to serve on scheme utilization need at the onset.”

PM Formalization of Micro Food Processing Enterprises (PM FME) scheme is a part of “Atmanirbhar Bharat Abhiyan”. The Scheme is to be implemented over a period of five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore.

For any further information, contact:

Sameer Pushp

DIRECTOR- MEDIA & CORPORATE COMMUNICATIONS
9, 2nd Floor, Scindia House, Connaught Circus,

New Delhi- 110001, India

T: (91) 11 40727281

M: (91) 9811229110

E:  sameer.pushp@tpci.in

W: www.tpci.in