India, Jan. 29 -- The Government of India has issued a release:
Ministry of Food Processing Industries (MoFPI) is implementing a centrally sponsored "PM Formalisation of Micro food processing Enterprises (PMFME) Scheme" for providing financial, technical and business support for setting up of new/ upgradation of micro food processing enterprises in the country. Under the Scheme, it is aimed to assist two lakh micro food processing units with credit linked subsidy. The subsidy under this scheme is linked to approval of the project by the banks for disbursement of the loan. However, under the scheme Ministry does not allocate any operational targets to the supported units.
Under the scheme, micro food processing enterprises are facilitated ...