CHENNAI: President Drarubathi Murmu presented an award to Tamil Nadu for the best performance in the Prime Minister’s Food Processing and Small Business Systematization Scheme.

A ‘Prime Minister’s Scheme for the Regulation of Food Processing Micro Enterprises’ is in the works to strengthen informal food processing micro enterprises in the country. Of this, the central government is 60 percent; The state government is also implemented with 40 percent contribution.

Under this scheme, loans are provided to individuals, self-help groups, farmer producer organizations, cooperative organizations to start a new business or to expand an existing business, with 10 percent contribution amount, 35 percent subsidy, with a maximum subsidy ​​​​of 10 lakh rupees.

From the last year 2020-21 to the current year, 8,410 people were granted loans and a subsidy of 152.20 crore rupees was allowed under the individual category in Tamil Nadu. The World Food Festival took place from 3rd to 5th of this month at Delhi Pragati Maidan.

On the last day of the event, five states, including Tamil Nadu, which are performing well in the Prime Minister’s scheme to regulate small-scale food processing enterprises, were felicitated by the President with the best performance award.

Ministers Panneerselvam and Anparasan presented this award to Chief Minister Stalin at the Chief Secretariat yesterday. Principal Secretary Sivdas Meena, MSME Secretary Archana Patnaik, Industries Commissioner Nirmalraj were present.