Pradhan Mantri Formalisation Of Micro Food Processing Enterprises Scheme

Pradhan Mantri Formalisation Of Micro Food Processing Enterprises Scheme

The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, launched on June 29, 2020, as part of the Atmanirbhar Bharat Abhiyan, is a central sector scheme with a ₹10,000 crore outlay to upgrade micro-food units. It offers a 35% subsidy on project costs (up to ₹10 lakh) for individual, SHG, and FPO-based enterprises to enhance competitiveness

Key details of the PMFME scheme include:

Target Group: Unorganized, individual micro-enterprises, Farmer Producer Organizations (FPOs), Self Help Groups (SHGs), and Producer Cooperatives.

Financial Assistance: A 35% capital subsidy for upgrading or setting up new units, with a maximum limit of ₹10 lakh.

Seed Capital: ₹40,000 per member provided to SHGs engaged in food processing.

Focus Area: Emphasizes the One District One Product (ODOP) approach to leverage local agricultural products.

Goal: Formalize, provide technical support, and improve branding/marketing for micro-enterprises.

Implementation: The cost is shared between the Central and State governments, typically in a 60:40 ratio

Frequently Asked Questions

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We offer expert financial and strategic consultancy to help our clients to secure government subsidies and incentives across various industrial sectors.

Each of our consultants possesses a minimum of a decade of professional experience in their respective fields of specialization.

Our services are extended across a wide array of industrial sectors, including but not limited to: Agro- based, Food Processing, Chemical & Minerals, Handicrafts, Hospitality, Textile, Healthcare, and Packaging.

We provide dedicated support for state subsidies throughout Rajasthan, and offer Pan-India consultancy services for central government initiatives.

We only deals in projects having a capital expenditure exceeding ₹1 Crore.

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