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Schemes

PM Formalization of Micro food processing Enterprises Scheme (PMFME)
Ministry/Department Ministry of Food Processing Industries
Scheme Name PM Formalization of Micro food processing Enterprises Scheme (PMFME)
Component Financial, technical and business support
Sub Component Finance
Applicant Existing Micro food processing enterprises
Quantum of Assistance (in Brief)

The Scheme is for upgradation of existing micro food processing enterprises and also adopts One District One Product (ODOP) approach

Individual micro food processing units desirous of
upgradation of their unit can avail credit-linked
capital subsidy @35% of the eligible project cost
with a maximum ceiling of Rs.10 lakh per unit. The beneficiary contribution should be minimum 10%
and the balance should be loan from a Bank.

Support to FPOs/SHGs/Cooperatives for capital
investment along the entire value chain with credit
linked grant @ 35%

Seed capital @ Rs. 40,000/- per SHG member
would be provided to those engaged in food
processing for working capital and purchase of
small tools%

Credit linked grant @35% would be provided to
FPOs, SHGs, cooperatives, State owned agencies
and private entrepreneurs for development of
common infrastructure including common
processing facility, lab, warehouse, cold storage,
packaging and incubation center.

Support for branding and marketing would be
limited to 50% of the total expenditure

Link for Detail https://mofpi.nic.in/pmfme/#:~:text=Ministry%20of%20Food%20Processing%20Industries,upgradation%20of%20existing%20micro%20food