Finance Minister Nirmala Sitharaman today announced ₹10,000 crore for micro food enterprises as part of PM Narendra Modi’s 'vocal for local' focus. "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" Sitharaman said.
The scheme will be launched by adopting cluster-based approach such as makhana in Bihar, kesar in Jammu and Kashmir, mango in Uttar Pradesh, bamboo shoots in Northeast, chilli in Andhra Pradesh, tapioca in Tamil Nadu. "This fund would help in reaching untapped export markets in view of improved health consciousness," the FM said.