India has started the PMFME Scheme 2024 to help the food sector. The full name is Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme. This scheme is here to support small businesses in India. It will help them grow without facing big issues.
Through the PMFME Scheme 2024, the Government of India wants to empower small-scale enterprises. They will also give loans and credit to micro-entrepreneurs so they can buy new machines and better technology. This means small food businesses can improve their work.
If you want to apply for this scheme, you need to check if you are eligible. Once you check your eligibility, you can go to the official website and fill out the application form online. This is a great chance for small food businesses to get better!
What is the PMFME Scheme?
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme is a cool scheme by the central government of India. It helps small food businesses. The main goal is to make the food sector strong and better. Under this scheme, food processing entrepreneurs can get a credit-linked capital subsidy of 35% of the project cost. The maximum amount anyone can get is Rs.10 lakh per unit.
This scheme is really helpful for small entrepreneurs. With this money, they can buy the latest machines and technology. This means they can make more food products quickly and efficiently. The latest machinery helps them to produce better quality food.
But that’s not all! If you apply for this scheme, you can also get seed capital. This means you can receive Rs.40,000 for each member of a Self-Help Group (SHG). This money can be used for working capital and to buy small tools that will help in the business.
Also Read: PMFME Loan
PMFME Scheme Objective
The PMFME Scheme is all about helping food businesses in India grow big and strong. This scheme is super helpful for small business owners who want to take their food-related work to the next level. With the PMFME Scheme, these entrepreneurs can not only improve their businesses but also create jobs for many other people.
One cool thing about this scheme is that it gives a 50% financial grant. This means that if you are part of a group like FPOs, SHGs, or Cooperatives, you can get help for branding and marketing your products.
But remember, only those who work in a food processing unit can get help from the PMFME Scheme. So, if you are running a food business, this is a great opportunity!
Highlights of the PMFME Scheme
| Name of the scheme | PMFME Scheme |
| Launched by | Government of India |
| Objective | Provide various benefits |
| Beneficiaries | Citizens of India |
| Official website | PMFME Portal |
Eligibility Criteria
- The applicant must be a permanent resident of India.
- The applicant must be a small entrepreneur in the food processing sector.
Benefits of the PMFME Scheme
- The selected applicant under the scheme will receive a credit-linked capital subsidy of @35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit.
- The applicants will also get seed capital @ INR 40,000/- per SHG member for working capital and purchase of small tools.
- With the help of this scheme, small entrepreneurs can upgrade their businesses with the help of financial assistance.
- By upgrading their business entrepreneurs must need more workers which will also create employment opportunities for others.
Also Read: PM Kisan 18th Installment Date
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
Silent Features of PMFME Scheme
- With the help of the scheme the Government of India will increase the competitiveness of micro food processing enterprises.
- It adopts the One District One Product (ODOP) approach to leverage the benefits of scale in terms of procurement, common services, and marketing.
- The scheme will also provide training and education to all small-scale entrepreneurs to upgrade their businesses significantly.
- It provides a credit-linked capital subsidy of 35% of the eligible project cost, up to a maximum of Rs. 10 lahks per unit, for individual/group category micro-enterprises.
PMFME Scheme Apply Online
STEP 1: All the applicants who want to apply for the PMFME Scheme can now visit the official PMFME website by clicking on the link here.
STEP 2: Once the applicant reaches the homepage of the official website the applicant must click on the option register under the option login.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked on the application form.
STEP 4: The applicants must enter the details including their name, email ID, and mobile number, and attach all the necessary documents.
STEP 5: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
PMFME Scheme Guideline
Contact Details
- Phone No:- +91-9254997102
FAQs
What is the main objective of launching the PMFME Scheme 2024?
The main objective of launching the scheme is to upgrade the food sector in India.
Who is eligible to avail of the benefits of the PMFME Scheme 2024?
All the citizens of India who are small entrepreneurs in the food sector are eligible to avail the benefits of the PMFME Scheme 2024.
How much seed fund will the PMFME Scheme 2024 provide?
The applicants will also get seed capital @ INR 40,000/- per SHG member for working capital and purchase of small tools