<h1 class="ql-align-center">Pradhan Mantri Formalization of Micro food processing Enterprises (PMFME) Scheme</h1> <h2>Context:</h2> <ul><li>The Ministry of Food Processing Industries in association with the Ministry of Housing and Urban Affairs, under the&nbsp;Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, virtually launched the Seed Capital Module</li></ul> <h2>About:</h2> <ul><li class="ql-align-justify">It was launched on Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) MIS Portal for seed capital assistance to members of urban Self Help Groups working in the food processing sector in India.</li></ul> <ul><li>Its purpose is to facilitate seed capital assistance (initial money required to start a new business) to members of urban Self Help Groups (SHG) working in the food processing sector in India</li></ul> <ul><li>It is a centrally sponsored scheme that aims to enhance the competitiveness and promote the formalization of the unorganized micro—food processing enterprises in India.</li></ul> <ul><li>The scheme envisions directly assisting the 2,00,000 micro food processing units for providing financial, technical, and business support for the up-gradation of existing micro food processing enterprises.</li></ul>