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Centre launches micro food processing scheme, to adopt ‘one district, one product’ approach

by the owl speaks

Food Processing Minister Harsimrat Kaur Badal said a ‘one district, one product’ cluster approach will be adopted while providing credit-linked subsidy for setting up 2 lakh micro processing units across the country under a ₹10,000 crore central scheme launched on Monday.

The ‘PM Formalization of Micro Food Processing Enterprises (PM-FME)’ scheme aims to take “local brand to global” by addressing the challenges of credit, technology and retail market access, she said.

Strengthening of micro food processing units will lead to reduction in wastage, creation of off-farm job opportunities and help in achieving the overarching government objective of doubling farmers’ income, she added.

This was announced as part of the ₹20 lakh crore package to tackle the economic slump resulting from COVID-19 pandemic.

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