CONTENT
- PRIME MINISTER FORMALIZATION OF THE MICRO FOOD PROCESSING ENTERPRISES SCHEME
- EXERCISE INDRA NAVY
PRIME MINISTER FORMALIZATION OF THE MICRO FOOD PROCESSING ENTERPRISES SCHEME
Focus: GS III- Agriculture
Why in News?
The Central Government, in partnership with the State Governments, has launched “PM Formalisation of Micro food processing Enterprises (PMFME) Scheme” for providing financial, technical and business support for upgradation of micro food processing enterprises in the country.
About PM-FME Scheme:
Nodal: Ministry of Food Processing Industries(MOFPI).
- It is a centrally sponsored scheme.
- Aim is to modernize and enhance the competitiveness of the existing individual micro enterprises and ensure their transition to formal sector
- To provide support to Farmer Producer Organizations, Self Help Groups, and Producers Cooperatives along their entire value chain.
- Duration: The PM-FME scheme will be implemented over a period of five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore.
- Funding: The expenditure under the PM-FME scheme would be shared in 60:40 ratio between Central and State Governments, in 90:10 ratio with North Eastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs.
Objectives
- Increase in access to finance by micro food processing units.
- Increase in revenues of target enterprises.
- Enhanced compliance with food quality and safety standards.
- Strengthening capacities of support systems.
- Transition from the unorganized sector to the formal sector.
- Special focus on women entrepreneurs and Aspirational districts.
- Focus on minor forest produce in Tribal Districts.
Eligibility
- Scheme is for All India basis.
- Support to Individual micro units:
- Micro enterprises will get credit linked subsidy @ 35% of the eligible project cost with ceiling of Rs.10 lakh.
- Beneficiary contribution will be minimum 10% and balance from loan.
- On-site skill training & Handholding for DPR and technical upgradation.
- Support to FPOs/SHGs/Cooperatives:
- Seed capital will be given to SHGs (@Rs. 4 lakh per SHG) for loan to members for working capital and small tools.
- Grant for backward/ forward linkages, common infrastructure, packaging, marketing & branding.
- Skill training & Handholding support.
- Credit linked capital subsidy.
EXERCISE INDRA NAVY
Focus: GS III- Defence
Why in News?
12th edition of exercise INDRA NAVY held between 28 and 29 July 2021.
- It is a biennial bilateral maritime exercise between Indian Navy and Russian Navy in the Baltic Sea.
Key Highlights
- Ex INDRA NAVY is the long-term strategic relationship between the two navies.
- This exercise was undertaken as part of the visit of INS Tabar to St Petersburg, Russia to participate in the 325th Navy Day celebrations of the Russian Navy.
- From these years the scope of exercise increased in various complexity of operation and level of participation.
- This aims at inter-operability between two Navies over the years.
- Also to enhance understanding and procedures for multi-faceted maritime operations.
- The scope of this edition includes wide-ranging and diverse activities across the spectrum of maritime operations.
- Indian Navy participated with INS Tabar stealth frigate.
- Russia participated with Corvettes RFS Zelyony Dol and RFS Odintsovo of the Baltic Fleet.
Major outcomes
- Anti-air firings
- Underway replenishment drills
- Helicopter ops,
- Boarding drills
- Seamanship evolutions.
