The Government of India launched the PMFME Scheme 2024. To organize the food sector of India and help them to grow significantly without facing big problems the government of India launched the Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme. With the help of this scheme, the Government of India will empower small-scale Enterprises in India and help them to grow. The authorities will also provide credit and loan facilities to all the micro-entrepreneurs so that they can upgrade their machinery and technology. All the applicants who clear the eligibility criteria can go to the official website and fill out the application form online.
About PMFME Scheme
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme is a scheme launched by the central government of India to formalize the food sector of the country. The food processing entrepreneurs through credit-linked capital subsidy @35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit. Small entrepreneurs can set up the latest technology and can significantly increase the production with latest machinery with the help of this scheme. The applicants will also get seed capital @ INR 40,000/- per SHG member for working capital and purchase of small tools.
Also Read: PMFME Loan
The objective of PMFME Scheme
The main objective of launching the PMFME Scheme is to develop the food sector enterprises in India. Small entrepreneurs can upgrade their businesses significantly with the help of the scheme and will also create employment opportunities for other citizens. The scheme provides a 50% financial grant for Branding and Marketing Support to groups of FPOs/ SHGs/ Cooperatives. Only the applicants who are involved in the food processing unit are eligible to avail the benefits of the PMFME Scheme. All the applicants who want to avail the benefits of the scheme can now go to the official website and fill out the application form.
Key Highlights of the PMFME Scheme
| Name of the scheme | PMFME Scheme |
| Launched by | Government of India |
| Objective | Provide various benefits |
| Beneficiaries | Citizens of India |
| Official website | PMFME Portal |
Eligibility Criteria
- The applicant must be a permanent resident of India.
- The applicant must be a small entrepreneur in the food processing sector.
Benefits of PMFME Scheme
- The selected applicant under the scheme will receive a credit-linked capital subsidy of @35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit.
- The applicants will also get seed capital @ INR 40,000/- per SHG member for working capital and purchase of small tools.
- With the help of this scheme, small entrepreneurs can upgrade their businesses with the help of financial assistance.
- By upgrading their business entrepreneurs must need more workers which will also create employment opportunities for others.
Also Read: PM Kisan 18th Installment Dateย
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
Silent Features of PMFME Scheme
- With the help of the scheme the Government of India will increase the competitiveness of micro food processing enterprises.
- It adopts the One District One Product (ODOP) approach to leverage the benefits of scale in terms of procurement, common services, and marketing.
- The scheme will also provide training and education to all small-scale entrepreneurs to upgrade their businesses significantly.
- It provides a credit-linked capital subsidy of 35% of the eligible project cost, up to a maximum of Rs. 10 lahks per unit, for individual/group category micro-enterprises.
PMFME Scheme Apply Online
STEP 1: All the applicants who want to apply for the PMFME Scheme can now visit the official PMFME website by clicking on the link here.
STEP 2: Once the applicant reaches the homepage of the official website the applicant must click on the option register under the option login.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked on the application form.
STEP 4: The applicants must enter the details including their name, email ID, and mobile number, and attach all the necessary documents.
STEP 5: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
Contact Details
- Phone No:- +91-9254997102
FAQs
What is the main objective of launching the PMFME Scheme 2024?
The main objective of launching the scheme is to upgrade the food sector in India.
Who is eligible to avail of the benefits of the PMFME Scheme 2024?
All the citizens of India who are small entrepreneurs in the food sector are eligible to avail the benefits of the PMFME Scheme 2024.
How much seed fund will the PMFME Scheme 2024 provide?
The applicants will also get seed capital @ INR 40,000/- per SHG member for working capital and purchase of small tools