This will help local value-added products to reach out for global markets of health and wellness products, herbal and organic produce, nutritious food grains, etc
Prime Minister Narendra Modi, on May 12, spoke about being “vocal for local”. Taking that thought forward, Union Finance Minister Nirmala Sitharaman announced capacity-building measures for micro food enterprises (MFE) in India.
She said: "Aiming to implement PM's vision of ‘vocal for local' with global outreach, a scheme will be launched to help 2 lakh micro food enterprises."
A fund of Rs 10,000 crore has been earmarked to help farmers and agriculturists with branding and marketing of products that have nutritional content and is popular across the globe as healthy food alternatives. This will help local value-added products reach out for global markets of health and wellness products, herbal and organic produce, nutritious food grains, etc., the FM said.
Aiming to implement PM's vision of ‘Vocal for Local with Global outreach’, a scheme will be launched to help 2 lakh Micro Food Enterprises; Improved health and safety standards, integration with retail markets and improved incomes to be key focus areas#AatmaNirbharDesh pic.twitter.com/nnuXlJdPyp
— PIB India #StayHome #StaySafe (@PIB_India) May 15, 2020
Highlighting how India produces several crops that have global consumer base FM Sitharaman also spoke about saffron grown in Kashmir, ragi and other gluten-free coarse grains grown in Karnataka, bamboo shoot and other organic fruits cultivated in the Northeast, turmeric in Telangana, etc.
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Commenting on the expected outcome of the Rs 10,000 package, the FM said that it will improve the health and safety standards of value-added products, thereby helping in its integration with retail markets and export of MFE products.