Mint explainer: why the Centre wants to extend its ₹10,000 crore food-processing scheme
The Centre wants to extend PMFME by five years to help more micro food businesses formalize, access finance and invest in technology, while reducing post-harvest losses and expanding food processing.
It provides financial, technical and business assistance to entrepreneurs for setting up new units or upgrading existing ones. The expenditure under the scheme is shared between the Centre and states in a 60:40 ratio, while the ratio is 90:10 for nor... [4840 chars]