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PMFME Scheme

PM Formalization of Micro Food Processing Enterprises Scheme

This scheme is a centrally sponsored scheme that is designed to address the challenges faced by the micro enterprises and to tap the potential of groups and cooperatives in supporting the upgradation and formalization of the enterprises.

Features & Benefits

Term loan ₹30.00 lakh

Repayment:7 years (Term Loan) 1 year(working capital)

Working capital loan: ₹10.00 lakh

Rate of Interest:11%

Processing Charges

Term loan: 1% of the Total outlay of the Project. Working capital loan: 0.25% of the loan amount

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    FAQs

    1. What is PMFME Scheme?

    PMFME is a centrally sponsored scheme that aims to promote the formalization of micro food processing enterprises in India.

    2. Who is eligible to benefit from the PMFME Scheme?

    Micro food processing enterprises, Farmer Producer Organizations (FPOs), Self Help Groups (SHGs), and Co-operatives are eligible to benefit from this scheme.

    3. What kind of assistance is provided under PMFME?

    PMFME provides financial assistance in the form of grants-in-aid for various activities such as capacity building, training, branding and marketing, setting up infrastructure, and upgrading technology.

    4. How can one apply for assistance under the PMFME Scheme?

    Interested individuals or organizations can apply for assistance under the PMFME Scheme through the official website of the Ministry of Food Processing Industries or through designated implementing agencies.

    5. What is the objective of the PMFME Scheme?

    The primary objective of PMFME is to enhance the competitiveness of existing micro food processing enterprises, promote formalization of the sector, and provide support for brand building and marketing.