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The Hindu
30-05-2025
- Business
- The Hindu
Stree Nidhi approves ₹2,350 crore credit plan for 2025-26; Seethakka assures action on staff recruitment
HYDERABAD Stree Nidhi Credit Cooperative Federation Ltd. approved an annual credit plan of ₹2,350 crore for the financial year 2025-26 at the 46th Managing Committee meeting held here on Friday. This plan will provide financing for integrated dairy and poultry development, food processing activities under the PMFME (Pradhan Mantri Formalisation of Micro Food Processing Enterprises) scheme, micro-enterprises, climate-resilient livelihoods, housing, support for Farmer Producer Organisations (FPOs), canteens, and rooftop solar units. These interventions form part of the Indira Mahila Shakti programme. Addressing the meeting, Panchayat Raj and Rural Development Minister Danasari Anasuya (Seethakka) assured to clear the file pertaining to recruitment of the staff soon. A state-level coordination committee will be constituted soon and would have the CEO of the Society for Elimination of Rural Poverty (SERP), MD of Stree Nidhi, CEO of Telangana Mahila Abhivruddhi Samstha (TMAS), and two directors of Stree Nidhi. The committee will work on streamlining coordination with SERP and the Mission for Elimination of Poverty in Municipal Areas (MEPMA). It was proposed that the government be approached to provide a 4% interest subvention on loans extended to SHG members for rooftop solar units. The subvention is expected to be drawn from dividends payable to the government on its equity in Stree Nidhi. Reinforcing its core mandate, the federation aims to establish itself as a reliable financial institution for SHG women, offering timely credit to meet both income-generation needs and emergency requirements. Financing support will also be extended to 3,000 local cable operators connected through the Telangana Fiber Grid Corporation (T-Fiber). SERP CEO Divya Devarajan, and Stree Nidhi MD Vidyasagar Reddy, among others, attended the meeting.
Yahoo
28-05-2025
- Business
- Yahoo
India Bakery Retailing Market Forecast and Competitive Landscape Report 2025-2030: Premium and Artisanal Bakery Products in High Demand Among Indian Consumers
Significant growth in India's bakery retailing market is driven by urbanization, rising incomes, and evolving lifestyles. With urban populations projected to reach 416 million by 2050, there's a soaring demand for convenient bakery products. Government initiatives like PMFME propel this growth, supporting over 2,000 bakery units. The market is set to grow at a 10.9% CAGR from 2024-2030, fueled by booming e-commerce, hospitality, and infrastructure. Online sales, driven by platforms like Swiggy and Zomato, are major contributors. Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "India Bakery Retailing Market | Segmentation, Growth, Industry, Value, Companies, Outlook, Share, Forecast, Trends, Competitive Landscape, Analysis, Size & Revenue: Market Forecast by By Product Type, By Type, By Sales Channels and competitive landscape" has been added to offering. Indian Bakery Retailing Market will expand at a CAGR of 10.9% from 2024 to 2030 This growth will be propelled by advancements in e-commerce, infrastructure development, and a thriving hospitality sector, fostering a conducive environment for market growth. The emergence of 14,000 additional hotel rooms and a surge in domestic tourism to 2.50 billion visits in 2023 have amplified demand for artisanal bakery products in hotels, travel hubs, and high-traffic areas. Ongoing infrastructure projects, including 60 new shopping malls with 23.25 million sq. ft. of retail space by 2025, and significant airport upgrades, offer lucrative retail opportunities for bakeries. The India Bakery Retailing market is witnessing remarkable growth, spurred by rapid urbanization, increased disposable income, and evolving consumer lifestyles. With an urban population projected to reach 416 million by 2050, there's a rising demand for fresh and convenient bakery products like bread, croissants, and cookies. Government initiatives such as PMFME with a $1.2 billion budget for 2020-25, and PMKSY, have significantly propelled the sector's growth. As of 2023, PMFME supported 2,017 bakery units, while PMKSY endorsed 28 bakery-related projects, contributing to the industry's dynamic expansion. The burgeoning online food delivery market, projected to reach INR 2.12 lakh crore by 2030, underscores the market's potential, backed by platforms like Swiggy and Zomato that boost consumer demand. Emerging brands, such as Birdy's with plans for 100 stores by FY26, and Le Pain Quotidien aiming for 100 outlets by 2035, reflect the industry's evolving landscape. This evolution portends a promising future for India's bakery retailing sector. Market Segmentation By Type: The organized segment will grow rapidly due to rising middle-class incomes, the preference for branded products, and the proliferation of supermarkets, malls, and e-commerce. The demand for premium and health-oriented bakery options further drives growth as consumers seek innovation and variety from organized players. Market Segmentation By Product Type: The Cakes and Pastries segment is anticipated to experience the highest growth due to the increasing demand for premium products, driven by higher disposable incomes and the expanding culture of celebrations such as birthdays and weddings. Market Segmentation By Sales Channels: The online segment is poised for the highest growth due to factors like increasing internet penetration, convenience of home delivery, and rising popularity of online platforms like Swiggy and Zomato. Key Attractiveness of the Report: 10 Years Market Numbers Historical Data Starting from 2020 to 2023 Base Year: 2023 Forecast Data until 2030 Key Performance Indicators Impacting the Market Major Upcoming Developments and Projects Key Highlights of the Report: India Bakery Retailing Market Overview Market Forecast Industry Life Cycle Porter's Five Forces Analysis Historical and Forecasted Market Revenues Market Drivers and Restraints Competitive Benchmarking Strategic Recommendations Company Profiles Theobroma Monginis Bakingo Karachi Bakery Flurys Hot Breads 7th Heaven Bakingo Iyengar's Bakery SMOOR CKS Foods Private Limited Zed the Bakers Just Bake Market Scope and Segmentation: By Product Type: Cakes and Pastries Artisanal Breads Cookies and Biscuits Snacks and Savories Desserts & Confectioneries Others (Specialty and Seasonal Products) By Type: Unorganized Organized Premium Non-Premium By Sales Channels: Offline Online For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Hans India
25-05-2025
- Business
- Hans India
Bihar: Two brothers take advantage of 'PMFME' scheme, set up Kurkure factory in Motihari
The 'Prime Minister Formalisation of Micro food processing Enterprises' (PMFME) scheme is a Central government scheme to address the challenges faced by micro-enterprises and also support their growth. Two brothers in Bihar's Motihari district have emerged as role models in their vicinity for starting and running a small-scale enterprise successfully. They started a Kurkure factory, taking help from PMFME and today, they are earning money as well as creating employment. PMFME scheme supports and facilitates the aspiring youth in starting their small-scale enterprise, and also helps them tap the potential of local youth and co-operatives. Vijay and Sanjay Jaiswal, two youths from Motihari, obtained a loan and subsidy under the scheme, and today they are shaping not only their future but also that of those looking for employment. They set up a Kurkure factory by taking a loan under the scheme. They worked hard, and today their Kurkure is being exported to other countries. Jaiswal brothers have given employment to dozens of youth in their factory. Factory operator and younger brother Sanjay Jaiswal said, "After completing my intermediate studies, I went to look for work in big cities, but could not find work anywhere. After this, I came to know about this scheme run by the government. I understood this scheme well and then decided to set up a Kurkure factory.' Elder brother Vijay Jaiswal said, "We started planning to set up this plant six-seven months ago. It was not easy for an ordinary family to raise the capital required for the plant. We applied for a loan of Rs 10 lakh 88 thousand under the PMFME scheme, which was approved.' 'We are running the plant well. I would only like to tell the youth that they should not waste their time on jobs and rather join a business. No business is ruined, and can grow from a small one to a big one. We thank the Prime Minister for this scheme," he added. Sanjay Kumar, a factory worker, said, "Earlier, I used to do the same work in Delhi, but now I am doing it in Motihari. The advantage of this is that I take leave every month or two and go to my home in Saharsa. We request the Prime Minister to keep giving such small loans. This will prove to be very important for the future of Bihar."
Time of India
22-05-2025
- Business
- Time of India
FoodTech Kerala expo showcases innovation in food processing and packaging
Kochi: "We never knew that powders of dried vegetables like carrot and beetroot were available in India, and this is a good means to introduce them to people," said George and Philomena, elderly couple from Vennala who visited the 16th edition of FoodTech Kerala exhibition, which began at Jawaharlal Nehru Stadium Ground in the city on Thursday. Tired of too many ads? go ad free now Being state's premier exhibition of food processing and packaging technology, one of the standout features of this year's edition was the 104 stalls under Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, showcasing a diverse range of innovative products and services from Kerala's own food processing entrepreneurs. The diversity on display in the exhibition reflected Kerala's rich food heritage, including spices, pickles, traditional snacks, seafood products, ready-to-eat coconut chips and nutritional packs manufactured from regional produce. Ripe mango pickle and mushroom pickles were among the standout products. "We are receiving a great response from visitors, who are awed by the variety of jackfruit products. This is a great platform to bring the goodness of jackfruit to the wider populace," said Vijay Kumar from Golden Jack stall. Organized by Cruz Expos, a Kochi-based professional B2B event organizer, the three-day-long exhibition is supported by department of industries, ministry of food processing industry (MFPOI), Kerala Bureau of Industrial Promotion (KBIP) and Kerala Agricultural University (KAU). Officially inaugurating the expo, industries minister P Rajeeve emphasized govt's commitment to supporting MSMEs and startups in the sector. "Three years ago, Kerala's achievement in PMFME was 57% and we were in 12th position. Now, it has increased to 102% and Kerala is in 1st position," he said. HotelTech Kerala, state's premier exhibition for hospitality sector, focused on HORECA (hotels, resorts, restaurants and catering) sector, ran alongside FoodTech Kerala, with over 100 exhibitors displaying linen and furnishings, hotel and kitchen equipment. Tired of too many ads? go ad free now Seminars by academic and industry experts marked the second half of the day's events. GM Conclave and Purchase Managers Meet, sponsored by Pune Gas, will be the highlight on Day 2 of HotelTech Kerala 2025. Kerala Barista Workshop (KBW), a five-day intensive workshop conducted by Coffee Board, Bengaluru, is also being held at Chavara Institute, Kochi, from May 20 to 24.
Hans India
21-05-2025
- Business
- Hans India
PLI scheme for food processing sector creates 2.5 lakh jobs, benefits nine lakh farmers
The Centre's production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official of the Union Ministry of Food Processing Industries (MoFPI). "Till date, the ministry has funded almost 1,600 projects leading to the creation of 41 lakh tonnes of food processing capacity and benefiting almost nine lakh farmers," said Ranjit Singh, joint secretary, MoFPI, in his address at FICCI's 'Foodworld India' event here. He pointed out that food processing plays a pivotal role in agricultural diversification, value addition, reduction in post-harvest losses, and creation of surpluses for exports. Singh said, "The immense untapped potential of the Indian farm sector highlights the important role that domestic manufacturing can play when adequately supported by enabling government policies. With targeted interventions, this sector can contribute to India becoming self-reliant and a global food basket." He highlighted the food processing sector's role in enhancing the value of agricultural produce as well as driving favourable demand for Indian products in global markets. "Therefore, to realise its potential, we must continue to upgrade processing, packaging, storage and distribution, so that we're able to meet both domestic and international standards," he added. Singh further stated that the MoFPI is implementing initiatives, such as Kisan Sampada Yojana, an umbrella scheme to build cold chains, agro-processing clusters, food testing bodies, and support R&D in the sector. The ministry is also running the PM's formalisation of micro food processing enterprises (PMFME) scheme to promote infrastructure development, innovation and entrepreneurship in the food processing sector across the country. He said that these schemes have also helped transform many small companies into medium ones. The PMFME scheme has supported close to two lakh micro enterprises through credit-linked subsidies and infrastructure creation in the last five years.
