The Government of India has launched the PMFME Scheme 2024 to streamline the food sector and support small-scale enterprises. Under this scheme, the government aims to empower micro-enterprises by providing loans to upgrade their machinery and technology. Eligible applicants can visit the official website to fill out the online application form.
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme was introduced by the central government to organize India’s food sector. It offers 35% credit-linked capital subsidy of the project cost, up to a maximum of ₹10 lakhs per unit. This initiative helps small entrepreneurs increase their production using modern technology and machinery. Additionally, each Self-Help Group (SHG) member will receive ₹40,000 seed capital for working capital and small tools.
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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 |
| Application Process | Through State Nodal Agencies (SNA) or online via PMFME portal |
| Official website | pmfme.mofpi.gov.in |
| Contacts Number | +91-9254997102 |
Objectives of the PMFME Scheme
The primary goal of this scheme is to foster the development of India’s food sector enterprises. Through the PMFME Scheme, small entrepreneurs can upgrade their businesses, creating employment opportunities for others. The scheme also provides 50% financial support for branding and marketing to FPOs, SHGs, and cooperatives.
Eligibility Criteria
- The candidate should be a occupant of India.
- The applicant must be working as a small entrepreneur in the food processing sector.
Benefits of the PMFME Scheme
- Selected applicants will receive 35% credit-linked capital subsidy of the project cost, up to a maximum of ₹10 lakhs per unit.
- Each SHG member will get ₹40,000 seed capital for working capital and small tools.
- Financial assistance will help small businesses upgrade their operations.
- Upgraded businesses will require additional workforce, creating more employment opportunities.
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Required Documents
- Aadhaar Card
- Email ID
- Mobile Number
- Electricity Bill
- Address Proof
- PAN Card
Key Features of the PMFME Scheme
- Upgrades the intensity of miniature food handling undertakings.
- Adopts a One District One Product (ODOP) approach to leverage procurement, shared services, and marketing benefits.
- Provides training and education to help small entrepreneurs improve their businesses.
- Offers 35% credit-linked capital subsidy of the project cost (up to ₹10 lakhs) for individual or group micro-enterprises.
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How to Apply Online for the PMFME Scheme
- Visit the official website at pmfme.mofpi.gov.in.
- Click on the “Register” choice on the landing page.
- A new page will open, where applicants must provide their details.
- Enter your name, email ID, mobile number, and upload the required documents.
- Subsequent to filling in every one of the subtleties, click on the “Submit” choice.
Contact Details
Phone Number: +91-9254997102
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Frequently Asked Questions
What is the primary objective of the PMFME Scheme 2024?
Who can benefit from the PMFME Scheme 2024?
How much seed funding is provided under the PMFME Scheme 2024?
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