Indian Government launches PM FME scheme to help micro food processing enterprises

#food #foodprocessing #government #india #microenterprises

The Indian government on Monday launched a Rs 10,000 crore scheme for micro enterprises which offers 50% subsidy for storage and transportation to prevent distress sale by farmers.

The scheme, called Pradhan Mantri Formalisation of Micro Food Enterprises (PM FME), aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.

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.

Under the PM FME scheme, micro enterprises will get 35% subsidy on project cost, with a ceiling of Rs 10 lakh. The beneficiaries will have to contribute at least 10% of the project cost while the balance will come from loans. Nearly 200,000 micro enterprises will get credit-linked subsidy support.

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Govt launches PM FME scheme to help micro food processing enterprises

New Delhi: The government on Monday launched a Rs 10,000 crore scheme for micro enterprises which offers 50% subsidy for storage and transportation to prevent distress sale by farmers.

Startup Stories: Jupiter wants to put grocery delivery on autopilot

#grocery #food #delivery #ecommerce #startupideas

Somebody in India can try similar model as Indian affluent also want their grocery and vegetables delivered automatically every month or week as per standard menu (which can be edited till a date every month or week), not only at their doorsteps but also to be stuffed in fridges and other cup boards within their homes.

It is asset heavy due to central warehouse hubs and may be capital intensive to expand to more than one city.

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Jupiter wants to put grocery delivery on autopilot

Amid shelter-in-place, grocery delivery has had a huge spike in popularity, leading investors to take a look at services that approach the market differently than incumbents like Instacart. Jupiter is a grocery delivery and meal planning startup that's approaching the market with an eye towar...