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PMFME Loan

Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme

Scheme Overview

The PMFME Scheme is a comprehensive initiative to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization.

Credit linked capital subsidy
Support for marketing & branding
Skill training & research
Digital integration support

Food Processing Enterprise

Eligibility Criteria

Individual Entrepreneurs

Existing unorganized micro food processing enterprises owned by individuals

Self-Help Groups

Groups involved in food processing activities

Micro Enterprises

Enterprises with investment in plant & machinery not exceeding ₹10 lakh

Turnover Limit

Annual turnover not exceeding ₹5 crore

Scheme Benefits

01

Capital Subsidy

35% capital subsidy for eligible projects with maximum ceiling of ₹10 lakh

02

Credit Linkage

Easy access to credit from scheduled commercial banks

03

Seed Capital

Seed capital to SHGs for working capital and purchase of small tools

04

Marketing Support

Branding, marketing support and e-commerce linkage

05

Training

Skill development and entrepreneurship training

06

Technology Upgrade

Support for technology upgrade and product diversification

Loan Details

Maximum Loan Amount
₹10 Lakhs
Subsidy Percentage
35% of Project Cost
Maximum Subsidy
₹10 Lakhs
Repayment Period
Up to 7 Years
Moratorium Period
6-12 Months
Interest Rate
As per bank norms

Required Documents

Identity & Address Proof

  • Aadhaar Card
  • PAN Card
  • Voter ID/Driving License
  • Passport Size Photos

Business Documents

  • Business Address Proof
  • Udyam Registration
  • Bank Account Details
  • Existing Business Proof

Project Documents

  • Project Report
  • Cost Estimates
  • Technical Details
  • Market Survey Report

Application Process

1

Document Collection

Gather all required documents and prepare project report

2

Bank Application

Submit loan application to participating bank

3

Technical Assessment

Project evaluation and technical feasibility study

4

Sanction & Disbursal

Loan sanction and disbursement with subsidy

Start Your Food Processing Business

Get complete assistance for PMFME loan application and documentation

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