Cabinet approves Scheme for Formalization of Micro Food Processing Enterprises

Union Cabinet today gave its approval to a new Centrally Sponsored Scheme named Scheme for Formalization of Micro Food Processing Enterprises for the Unorganized Sector on All India basis with an outlay of Rs. 10 thousand crore. The expenditure will be shared by Centre and the States in ratio of 60:40. The objectives of the scheme is to increase in access to finance by micro food processing units, increase in revenues of target enterprises, enhanced compliance with food quality and safety standa...