PMFME Loan Scheme

Pradhan Mantri Formalisation of Micro Food Processing Enterprises

PMFME Scheme is a centrally sponsored scheme by the Government of India, launched in 2020. Its objective is to formally integrate small-scale food processing entrepreneurs, provide technical assistance, and make affordable credit available.

Apply Now

Eligibility

Individual Entrepreneurs

Farmer Producer Organizations (FPOs)

Self Help Groups (SHGs)

Cooperative Societies

Applicant must be above 18 years of age

Loan Facility

Credit Linked Capital Subsidy

Up to 35% subsidy on project cost

Maximum Subsidy

Up to ₹10 lakhs

Beneficiary Contribution

10% self-contribution required

Bank Loan

Up to 55% loan from bank/financial institution

Type of Support

Loan for machinery purchase

Setting up/upgrading processing units

Branding and marketing support

Training and technology support

Loan Duration & Terms

Repayment Period

Typically 5 to 7 years

Interest Rate

As per respective bank/NBFC rates (approximately 7%–12%)

How to Apply?

Application can be made through PMFME Scheme Portal or State Government's Enterprise Department
Direct contact can also be made with bank or NBFC

Required Documents:

Aadhaar Card
Bank Account Statement
Project Report
Educational/Experience Certificate (if any)
Proof of Business Location