Prayagraj Emerges as Top Performer in Uttar Pradesh for PMFME Scheme Support
In a significant development for economic empowerment, Prayagraj has secured the leading position in Uttar Pradesh for providing financial assistance to entrepreneurs under the horticulture department's Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme. This achievement highlights the district's commitment to fostering small-scale business growth and agricultural innovation.
Record-Breaking Financial Assistance Distribution
According to Saurabh Srivastava, the District Horticulture Officer of Prayagraj, the district has received the highest amount of financial aid in the state. A total of 1,025 entrepreneurs have benefited from the scheme, surpassing expectations and demonstrating robust implementation. The district had an initial target of providing loans to 1,694 units, and as of February 16, loans have been disbursed to 1,025 units, with an additional 291 units in the pipeline for approval.
Regional Success: Prayagraj Division Shines
The success extends beyond Prayagraj district, with the broader Prayagraj division showcasing impressive results. Overall, financial assistance was provided to 2,572 units across the division. Key performances include:
- Kaushambi district ranked second in Uttar Pradesh, with 427 units receiving aid.
- Fatehpur district secured the fifth position, supporting 573 units.
- Pratapgarh contributed with 547 units benefiting from the scheme.
This regional dominance underscores the effective rollout and accessibility of the PMFME initiative in promoting horticulture-based enterprises.
Real-Life Impact: A Beneficiary's Story
The scheme has proven transformative for local entrepreneurs, such as Sandeep Kumar, a resident of Hathigawan in Prayagraj district. Facing a financial need of over Rs 35 lakh to produce high-quality mushrooms, Kumar received a crucial boost through the PMFME scheme, which provided him with Rs 10 lakh in financial assistance. This support has enabled him to scale his operations and contribute to the local economy, exemplifying the scheme's role as a lifeline for small businesses.
Broader Implications and Future Prospects
The PMFME scheme, launched to formalize and strengthen micro food processing enterprises, has gained momentum in Uttar Pradesh, with Prayagraj at the forefront. By facilitating access to capital, the initiative aims to enhance productivity, create employment opportunities, and boost the horticulture sector. The district's achievement sets a benchmark for other regions, encouraging continued efforts to empower entrepreneurs and drive sustainable economic growth.
