PM FME scheme to generate ₹35K cr investment, says Harsimrat Badal

CHANDIGARH:Union minister Harsimrat Kaur Badal on Monday said the PM Formalisation of Micro Food Processing Enterprises (PM FME) scheme will generate an investment of ₹35,000 crore and provide employment to 9 lakh skilled and semi-skilled workers.

Launching the scheme during a virtual conference as part of the Centre’s Atmanirbhar Bharat Abhiyan, the Union minister for food processing industries said it will cover 2 lakh enterprises in five years and an outlay of ₹10,000 crore has been fixed for the same.

It will cover 6,700 units in Punjab and expenditure under the scheme would to be shared in 60:40 ratio between the Centre and the state government, she said.