Key-Points<\/strong><\/h2>\n\n\n\nIt aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.<\/p>\n\n\n\n
The scheme will be implemented for five years until 2024-25. It will generate investment of Rs 35,000 core, generate 900,000 jobs and help 800,000 units.<\/p>\n\n\n\n
This Centrally Sponsored Scheme will be implemented over a period of five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore.<\/p>\n\n\n\n
The expenditure under the scheme would to be shared in 60:40 ratio between Central and State Governments, in 90:10 ratio with North Eastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs.<\/p>\n\n\n\n
Under the PM FME scheme, micro enterprises will get 35% subsidy on project cost, with a ceiling of Rs 10 lakh.<\/p>\n\n\n\n
Under the scheme, meant for the unorganised sector, the expenditure will be shared by the central and state governments in the ratio of 60:40.<\/p>\n\n\n\n
The ministry will provide the 50% subsidy for \u201ctransportation of eligible crops from surplus production clusters to consumption centres or hiring of appropriate storage facilities for eligible crops for a maximum period of three months.<\/p>\n\n\n\n
The maximum subsidy amount per applicant will be Rs 1 crore during a six-month period, said the minister.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government of India has launched Pradhan Mantri Formalisation of Micro Food Enterprises (PM FME) scheme for micro enterprises which offers 50% subsidy for storage and transportation to prevent distress sale by farmers. Daily Current Affairs Quiz 2020 Key-Points It aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate […]<\/p>\n","protected":false},"author":404,"featured_media":24233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[870],"tags":[60],"offerexpiration":[],"class_list":["post-24232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-2020","tag-government-schemes-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=24232"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24232\/revisions"}],"predecessor-version":[{"id":24234,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/24232\/revisions\/24234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/24233"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=24232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=24232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=24232"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=24232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}