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Explanation: PM Formalization of Micro Food Processing Scheme (PM FME) It was launched on 29th June 2020. It is a part of Atmanirbhar Bharat Abhiyan. It is a centrally sponsored scheme. The share of expenditure under the PM FME scheme is as follows: 60:40 between the central government and state governments and UTS with the legislature 90:10 between central and North Eastern and Himalayan states 100 percent central assistance for UTs without legislatures. It will run for five years – 2020-21 to 2024-25. The central government will bear the expenditure for the first year irrespective of who incurs it; later will be adjusted in the ratio mentioned above; in the next four years. The government has earmarked Rs. 10000 crores to benefit two lakh micro food processing enterprises. The scheme aims to support: Micro Food Entrepreneurs FPOs SHGs Co-operatives
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