108 loans sanctioned under PMFME scheme in Nagaland

DIMAPUR — Under the credit-linked subsidy component of the PM Formalisation of Micro Food Processing Enterprises (PMFME) scheme, a total of 108 loans have been sanctioned to beneficiaries in Nagaland to date.

This information was provided by Union Minister of State for Food Processing Industries, Prahlad Singh Patel, in a written reply in the Rajya Sabha on December 8.

According to Patel, under the scheme, a total of 62,282 loans have been sanctioned to date. This includes 61,796 individual beneficiaries, 34 farmer producer organisations (FPOs), 433 self-help groups (SHGs), and 19 producer cooperative societies.

As per the number of loans sanctioned under the scheme in the Northeast, Assam leads with 1,016 loans, followed by Manipur with 250 loans, Nagaland with 108, Tripura with 90, Meghalaya with 50, Sikkim with 45, Arunachal Pradesh with 39, and Mizoram with 15 loans.

It is a centrally sponsored initiative designed to offer financial, technical, and business support for establishing or upgrading micro food processing enterprises in the country. The scheme is slated to operate for a five-year duration, spanning from 2020–21 to 2024–25, with a dedicated budget of INR 10,000 crore to support 2 lakh micro food processing enterprises.

The PMFME scheme primarily uses the One District One Product (ODOP) approach to reap the benefits of scale in terms of procurement of inputs, utilisation of common services, and marketing of products to promote local products in the food processing sector.