PMFME
Prime Minister’s Formalisation of Food Processing Enterprises (PMFME)
The Prime Minister’s Formalisation of Food Processing Enterprises (PMFME) is a central sector scheme of the Ministry of Micro, Small, and Medium Enterprises, Government of India. It supports both new and existing entrepreneurs in the food processing sector by providing financial aid, training (after loan gets sanctioned), and end-to-end guidance.
Strengthen your food business with PMFME. Avail up to 35% subsidy and expert guidance throughout the process.
PMFME offers entrepreneurs financial assistance to establish or upgrade food processing enterprises, covering up to 90% of the project cost through bank loans. District Resource Persons (DRPs) provide continuous support, from application filing to subsidy disbursement, ensuring a smooth process for beneficiaries.
High subsidy and loan coverage for food processing ventures
Dedicated guidance from District Resource Persons (DRPs)
Scheme Benefits
Starting your business is easier with these key financial advantages. PMFME provides high loan coverage and strong subsidy support tailored to the food processing sector. With expert guidance from District Resource Persons, you receive end-to-end assistance to set up, scale, and sustain your enterprise.
Eligibility
- Age: Minimum 18 years
- New and existing entrepreneurs in the food processing sector
- Must contribute at least 10% of the project cost as own contribution
- Subsidy 35% up to Rs. 10 Lakhs
Financial Assistance
- Maximum project cost: ₹1 crore
- Maximum subsidy: 35% of the project cost
How to Apply
- Have to apply through District Resource Persons (DRP’s)
