Kerala Seed Capital Financial Assistance Scheme 2024 for Self Help Groups (SHGs)

Kerala Seed Capital Financial Assistance Scheme 2024 for self help groups, SHG members to get 35% credit linked capital subsidy, Rs. 40,000 to purchase machines from PM FME Scheme, check details here

Kerala Seed Capital Financial Assistance Scheme 2024 for Self Help Groups (SHGs)

Kerala Seed Capital Financial Assistance Scheme

Kerala government starts a new Seed Capital Financial Assistance Scheme on 18 October 2021. In this SCFAS Scheme, the assistance is given to Self Help Groups (SHGs) as part of the Pradhan Mantri Formalisation of Micro food processing Enterprises (PM-FME) project. In this article, we will tell you about the complete details of the Kerala Seed Capital Financial Assistance Scheme.

What is Kerala Seed Capital Financial Assistance Scheme 2024

Kerala Seed Capital Financial Assistance Scheme 2024 launched to provide financial assistance to SHGs as a part of PM FME Scheme. The state govt. is working on the idea of starting an online platform to deliver products manufactured by Kudumbashree and other Micro, Small, Medium production units. Kerala govt. has already initiated preliminary level talks.

Assistance to SHGs as Part of PM FME Scheme

Central government is already implementing Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme. PM FME Scheme is running in association with the state governments to give incentives to food processing industries. The new PM FME Scheme is intended to give financial, technical, and business assistance to tiny food processing enterprises.

One District One Product (ODOP) Scheme was devised to identify one product from each district and to promote its sale. This scheme includes procuring raw materials using common facilities for production and helping to widen the market for the product. The food processing ministry also helps entrepreneurs in building logistical support and developing the brand building for the product.

Assistance Amount to Self Help Groups

The food processing ministry through the Atma Nirbhar Abhiyan project will give Rs. 4,30,51,096 as seed capital fund to 1440 Kudumbasree units in Kerala.

Source / Reference Link: http://www.uniindia.com/kerala-industry-minister-p-rajeev-inaugurates-seed-capital-financial-assistance-scheme/south/news/2537245.html

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