India, July 31 -- The Government of India issued the following news release:
Ministry of Food Processing Industries (MoFPI) is implementing two Central Sector Schemes namely Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) and Production Linked Incentive Scheme for Food Processing Industry (PLISFPI). Further, a Centrally sponsored scheme namely PM Formalization of Micro Food Processing Enterprises (PMFME) scheme is also being implemented.
Farmer producer organization (FPO) are eligible to apply under these schemes. Under PMKSY, the following preferential provisions have been made in component scheme guidelines of PMKSY for FPOs:
Net Worth requirement reduced to amount equal to grant sought, in comparison to 1.5 times for proposals from genera...