PM Formalisation of MIcro Food Processing Enterprises (PM FME) Scheme

To provide financial, technical, and business support to the Entrepreneurs who are engaged in food processing under the Ministry of Food Processing Industries (MoFPI).

Financial Assistance Details

Support to Individual Micro Enterprises

Individual micro food processing units will credit – linked capital subsidy at a rate of 35% of the project cost with a maximum celling of R s. 10.0 Lakh per unit the beneficiary contribution should be a minimum of 10% of the project cost with the balance being a loan from the prescribed Bank.

Support to FPOs/SHGs/Cooperatives

Support to Farmer Producers Organizations (FPO), Self – help group (SHG), Producer Cooperatives for capital investment along the entire value chain with credit linked grant at the rate of 35%

Seed Capital to Self-help group

Seed capital @ Rs 40000/- per member of SHG for working capital and purchase of small tools would be provided under the scheme.

Common Infrastructure Development

Will provide a credit – linked grant at a rate of 35% to FPOs, SHGs cooperatives, state-owned agencies, and private entrepreneurs for the development of common infrastructure. This amount can be used for the development of a common processing facility, lab, warehouse, cold storage, and packaging and incubation centre.

Branding and Marketing Support

Marketting and branding support will be provided at the State or regional level to FPOs, SHGs, Cooperatives, or an SPV of micro food processing enterprises. Support for branding and marketing is limited to 50% of the total expenditure.

Eligibility criteria

• Individual /Partnership Firm with ownership right of the enterprises
• Existing micro food processing units in the survey or verified by the Resource person
• The application should be above 18 years of age and should possess at least VIII standard pass educational qualification
• Only one person from one family is eligible for obtaining financial assistance. The “family” for the purpose would include self, spouse and children

FOR FURTHER DETAILS PLEASE VISIT DISTRICT INDUSTRIES CENTRE OF YOUR DISTRICT AND WEBSITE OF THE MINISTRY AT https://pmfme.mofpi.gov.in

Beneficiary:

Individual, FPOs/SHGs/Cooperative, State owned agencies and Private Entrepreneurs

Benefits:

Working Capital, Branding and Marketing support