Nilanjan
The PM Suksham Khadya Udyog Unnayan Yojana, launched by Prime Minister Narendra Modi, is a significant initiative aimed at providing employment opportunities to people in the wake of the lockdown measures imposed due to the COVID-19 pandemic.
This scheme specifically targets small and micro food businesses, offering financial assistance and subsidies to boost the growth of these enterprises. Additionally, it provides free training, administrative support, and promotes the dissemination of the Management Information System (MIS) program.
In this blog post, we will provide a comprehensive overview of the PM Suksham Khadya Udyog Unnayan Yojana for 2023.
What are the Key Features of PM Suksham Khadya Udyog Unnayan Yojana 2023?
Below we have listed the main features of the yojana such as PM Suksham Khadya budget allocation, launch, structure and so on. Take a look!
Launch and Objective:
- The scheme was launched by the Central Government as part of the Atmanirbhar Bharat Abhiyan.
- Its primary objective is to support small and micro-food businesses to enhance their revenue.
Budget Allocation:
- The scheme has a budget allocation of ₹10,000 crore for a five-year period.
- In the first year, the entire budget was provided by the Central Government.
Funding Structure:
- Over the course of four years, the scheme’s expenses will be shared between the Central Government and State/Union Territory governments in a 60:40 ratio. However, for northeastern and Himalayan states, the ratio is 90:10.
Credit-Linked Subsidy:
- Eligible entrepreneurs can receive a credit-linked subsidy of up to 35% for projects with a cost of up to ₹10 lakh.
Scope of the Scheme:
The scheme focuses on various aspects, including one district, one product; providing support in infrastructure development; extending assistance to Self Help Groups (SHGs), FPOs, cooperatives, and individual micro-food enterprises; aiding in branding and sales; offering training and research support; and capacity building.
Benefits of PM Suksham Khadya Udyog Unnayan Yojana
The government has designed this scheme to benefit small and micro food businesses and to provide economic assistance to foster growth. The key advantages of the PM Suksham Khadya Udyog Unnayan Yojana include:
- Financial Support: Small and micro food businesses receive subsidies and financial assistance to boost their growth and revenue.
- Training and Administrative Support: Entrepreneurs are provided with training and administrative assistance to enhance their business operations.
- Credit-Linked Subsidy: Eligible businesses can avail of a credit-linked subsidy of up to 35%, making it easier for them to invest in their enterprises.
- Job Creation: The scheme’s initiatives have led to the creation of new job opportunities, thereby reducing unemployment rates.
The Prime Minister’s Micro Food Processing Enterprises (PMFME) Scheme is designed to promote small food processing businesses and encourage entrepreneurship in India. Here is an overview of the selection process and eligibility criteria for the scheme:
What is the PM Suksham Khadya Udyog Selection Process?
- One District, One Product: The scheme focuses on selecting and promoting one specific product from one district.
- Identification through Cluster Formation: Individual micro-enterprises are identified through the formation of clusters.
- Inviting Applications at District Level: Applicants are invited to apply at the district level across the country.
- Presentation before the District Committee: The received applications are presented before the district-level committee.
- Interview by Resource Person: The district-level committee conducts interviews of interested candidates based on the report presented by the resources person.
- Recommendation by District Committee: In cases where the district committee recommends an applicant, the resource person helps them prepare a Detailed Project Report (DPR) for easy bank loan processing.
- Submission of Necessary Documents: All the required documents are submitted along with the DPR.
- Final Approval by State Government: Final approval for support is granted by the state government, and individual micro-units are chosen for assistance.
Eligibility Criteria under PMFME Scheme
To be eligible for the PMFME Scheme, applicants must meet the following criteria:
- The applicant should be a permanent resident of India.
- Both small and large-scale entrepreneurs are eligible to apply for the scheme.
- The enterprise should be related to food processing activities.
- The applicant’s age should be at least 18 years.
- The applicant should have completed at least the 8th grade.
- Only one member from a family is eligible for this scheme.
- The applicant should be the owner of the industry for which they are applying.
- The land cost should not be included in the project cost.
- The cost of ready-built with a long lease or rental worksheet can be included in the project cost.
- The lease of the worksheet included in the project cost should be for a minimum of 3 years.
Required Documents
- Aadhar Card
- Residence Proof
- Income Certificate
- Documents related to the enterprise
- Bank Account Details
- Passport-sized Photograph
- Mobile Number
How to Apply for PMFME Scheme online?
- Visit the official website of the PMFME Scheme.
- Click on the “Online Registration” option on the homepage.
- Choose the “Sign Up” option.
- Fill in all the required information in the form.
- Click on “Register.”
- Log in to the portal.
- Select the beneficiary type.
- Enter your user ID and password.
- Click “Submit.”
- Click on “Apply Now.”
- Fill in the application form with the required details and upload all necessary documents.
- Click “Submit” to complete the application.
How to do PMFME Log in as an Applicant?
- Visit the official website of the PMFME Scheme.
- Click on the “Login” tab.
- Select “Applicant Login (PMFME).”
- Enter your user ID and password.
- Click “Submit.”
What is the MIS Login Process?
- Visit the official website of the PMFME Scheme.
- Click on the “Login” tab.
- Choose “MIS (Internal).”
- Enter your user ID and password.
- Click “Submit.”
Conclusion
The PM Suksham Khadya Udyog Unnayan Yojana is a critical component of the Atmanirbhar Bharat Abhiyan, focusing on revitalizing small and micro-food businesses. By providing financial assistance, training, and other forms of support, the scheme aims to foster growth, create new employment opportunities, and reduce unemployment rates in the country.
This initiative is a testament to the government’s commitment to the economic well-being of its citizens and the development of the food industry. For more such initiative, follow the official website for more.
