PMFME (Pradhan Mantri Formalisation of Micro Food Processing Enterprises)

Name: BookMyCA – AVPM & Associates
Address: 11-K-3, JYOTI NAGAR, Sahakar Marg, Lal Kothi Scheme, Jaipur, Rajasthan, 302015, IN
Telephone: +91-9352296200
Price range: ₹₹
Rating: 4.8

35%

Capital Subsidy

₹10 Lakh

Max Subsidy Cap

₹40,000

Seed Capital per SHG Member

5 Years

Scheme Duration

Video Explanation & Insights

Overview

Pradhan Mantri Formalisation of Micro Food Processing Enterprises

Launched under the Atmanirbhar Bharat Abhiyaan in 2020, PMFME aims to increase and formalise existing micro-enterprises in the food processing industry. It places a special focus on supporting Farmer Producer Organizations (FPOs), producer cooperatives, and Self-Help Groups (SHGs) engaged in agri-food processing.

Benefits

Key Benefits of the PMFME Scheme

Provides a credit-linked capital subsidy of 35% on the eligible project cost, with a maximum ceiling of ₹10 lakh per unit for upgrading machinery and technology.

Offers seed capital of ₹40,000 per member of SHGs for working capital and purchase of small tools.

Provides a 50% financial grant for branding and marketing support to FPOs, SHGs, and cooperatives to help them establish retail outlets and build brands.

Offers technical and management training to food processing entrepreneurs to improve safety standards and business operations.

Eligibility

Eligibility Criteria

Individual micro food processing units in the unorganised sector, Farmer Producer Organizations (FPOs), producer cooperatives, and Self-Help Groups (SHGs) engaged in food processing activities are eligible.