Branch² Intelligence
2 lakh micro food processing enterprises covered under credit-linked subsidy scheme 'PMFME': Govt
Key takeaway
PMFME scheme covers 2 lakh+ micro food processing enterprises with credit-linked subsidies.
- Step 1PMFME scheme provides credit-linked subsidies to 2 lakh+ micro food processing enterprises.
- Step 2Lower cost of capital enables these enterprises to invest in machinery, technology, and working capital, increasing processing capacity and output.
- Step 3Increased processing demand drives orders for food processing equipment manufacturers and packaging suppliers, while also creating more formal employment and reducing post-harvest waste.
Source: Economic Times — Economy
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