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Food Processing Industry SHGs now eligible for seed capital

BNE News Desk , November 11, 2023
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Guwahati: Self Help Groups (SHGs) associated with microfood processing (MFP) activities in Assam with a minimum of one year of experience in MFP activities in Assam are now eligible to apply for  seed capital assistance of maximum Rs. 40,000 per SHG member.

The Ministry of Housing and Urban Affairs has taken a key step to uplift SHGs associated with  Food Processing Industry under the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) with the PM Formalisation of Micro Food Processing Enterprises (PM-FME) scheme of Ministry of Food Processing Industries (MoFPI). The initiative got a fillip during the World Food India 2023 event when the Prime Minister disbursed seed capital to 1 lakh SHG members across all States and Union Territories this month. 

On the same day an amount of Rs. 12.65 crore was allocated by the Assam Industrial Development Corporation (AIDC) , the nodal agency for PMFME, benefiting 1595 SHG enterprises (4574 SHG members). NULM, Assam released Rs. 11.73 crores to 1551 SHG enterprises in Assam covering 4257 SHG members, on November 9.