RBI/NABARD Exam 2020-21

Economic and
Social Issues
Reports &Indices

Lecture-34
Introduction

• Launch Year: 2020

• Nodal Agency:Ministry of Food Processing

Industries (MoFPI)

• Funding: 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 Center 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.
 Target & Tenure
 Rs. 10,000 crores for coverage of 2, 00,000 enterprises over 5 years.

 5 years – from 2020-21 to 2024-25

Key Features/Components

 One District One Product (ODODP)

 Credit facility

 Capacity Building & Research

 GIS One District One Product (ODOP)
ODOP digital map of India
 The Scheme adopts ODOP approach to reap benefit of scale in terms of procurement of
inputs, availing common services and marketing of products.

Credit facility MoU with Ministry of Tribal Affairs

 Individual micro food processing units- credit-linked capital subsidy @35% with
a maximum ceiling of Rs.10 lakh per unit
 Seed capital @ Rs. 40,000/- per SHG member
 FPOs/ SHGs/ producer cooperatives- credit-linked grant of 35% for capital
investment
 Marketing & branding- 50% grant at State or regional level and Rs.5 lakh for
preparing Daily Progress Report for branding & marketing.
aims to benefit nearly 8 Lakhs
Capacity Building & Research beneficiaries from micro-enterprises
 National Institute for Food Technology Entrepreneurship and Management
(NIFTEM) and Indian Institute of Food Processing Technology (IIFPT)
Nodal Ministry ? MoFPI
Launch year? 2020
Funding? Central Sponsored Scheme
Target and tenure 2,00,000 Enterprises over 5 years
Components of Scheme ODOP, Credit Facility, Capacity Building
Credit Facility?? 35% credit subsidy subject to 10 Lakh
Institutes for Capacity Building?? NIFTEM & IIFPT
 Home Work Question

____ODOP approved Till Date under PMFME ??