Mayabunder, Dec. 6: The Deputy Commissioner, N&M Andaman, Shri. Dilkhush Meena, IAS, inaugurated M/s Blue X Desiccated Industry yesterday at Ganesh Tikri, Lucknow village, Mayabunder, N&M Andaman in the presence of Assistant Commissioner, Shri. Ashish Joon and Shri Saw Thomas, Pradhan Gram Panchayat, Rampur. This is one of the units promoted under Prime Minister’s Formalization of Micro Food Processing Enterprises (PMFME).

The Industries Department has been implementing flagship programme of Ministry of Food Processing Industries ‘Prime Minister’s Formalization of Micro Food Processing Enterprises’ as part of Atmanirbhar Bharat Abhiyan since FY 2020-21, with an aim to strengthen backward/ forward linkages, common infrastructure, packaging, branding and marketing of processed food products of Micro Enterprises.

Under the scheme, the Micro Food Processing Enterprises shall be supported with package of Incentives for creation, expansion, modernization and formalization of their new/ existing units. For supporting individual enterprises, bank credit is offered for the project cost upto Rs. 1.00 Crore and credit link capital subsidy @35% of the project cost shall be provided under the scheme with a maximum ceiling of Rs.10.00 Lakh per unit. Beneficiary’s contribution should be minimum 10% of the project cost.

As on date, 19 projects with a cumulative project cost of Rs.483.60 Lakh has been sanctioned under the scheme. One of the projects was sanctioned to Shri S. Loganathan, budding Entrepreneur from Middle Andaman District for setting up of desiccated coconut industry at Mayabunder. The State Bank of India has sanctioned term loan of Rs. 25.00 Lakhs on 10.04.2024.

By virtue of the above initiatives of the Department and timely release of term loan from the bank, the promoter, Shri S Loganathan could able to setup Desiccated Coconut Processing Unit at Lucknow village, Mayabunder.