PM Formalization of Micro Food Processing Enterprises (PMFME Scheme)

Agri & RuralCrop LoanGold LoanMicro Credit
Show More
Farm mechanization LoanAllied ActivitiesMiscellaneous ActivitiesGovernment SchemesAgriculture Loan Application
PM Formalization of Micro Food Processing Enterprises (PMFME Scheme)
PM Formalization of Micro Food Processing Enterprises (PMFME Scheme)
PM Formalization of Micro Food Processing Enterprises (PMFME Scheme)

Purpose

  • Enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector.
  • Support Farmer Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives along their entire value chain.

Objectives

  • Increased access to credit by existing micro food processing entrepreneurs, FPOs, Self Help Groups and Co-operatives.
  • Integration with organized supply chain by strengthening branding & marketing.
  • Support for transition of existing 2,00,000 enterprises into formal framework.
  • Increased access to common services like common processing facility, laboratories, storage, packaging, marketing and incubation services.
  • Strengthening of institutions, research and training in the food processing sector and
  • lncreased access for the enterprises, to professional and technical support.

Features

  • Type of Facility: Term loan
  • Margin: Minimum of 10% of the project cost.
  • Quantum of Loan:
    • Minimum loan: No ceiling
    • Maximum loan: No ceiling
  • Repayment: Max. 10 years including maximum moratorium of 6-24 months.
  • Security: As per Bank’s extant guidelines.
  • Interest rate: -
    • For Eligible MSME Entities:
      • Loan up to Rs. 2 Cr: EBLR (External Benchmark based Lending Rate) +200 bps.
      • Loan above Rs. 2 Cr: As per Bank’s extant guidelines.
    • For Other Categories: FPOs/ SHGs/ Producer Cooperatives:
      • Loan up to Rs. 50 lakhs: EBLR +360 bps
      • Loan above Rs.50 lakhs: As per Bank’s extant guidelines.
  • Upfront fee : As per Bank’s extant guidelines, are subject to revision by bank from to time.
  • Subsidy/ Grant
    • Individual Micro Enterprises: Capital Subsidy @35% of the eligible project cost with a maximum ceiling of 10.00 lakh per unit.
    • FPOs/ SHGs/ Co-operatives: @35% of eligible project cost.
    • Common Infrastructure Development: @35 % of eligible project cost.
  • Credit Guarantee : For MSME: - CGTMSE for collateral free loan up to Rs.5 Cr. Other categories: For loans under MUDRA credit guarantee of CGFMU.
  • Portal : https://pmfme.mofpi.gov.in
  • FAQs : For more details, please visit nearest SBI Branch.

Eligible Entities

Individual entrepreneurs/ Proprietorship Firms/ Partnership Firms/ Farmer Producer Organizations (FPOs)/ NGOs/ Cooperatives/ SHGs/ Pvt. Ltd. Companies, who have established or propose to establish micro food processing unit


Document Required

  • Application Form
  • Two Passport Size Photographs.
  • ID proof such as Driving License/ Aadhar Card/ Voter Identity Card/ Passport.
  • Address Proof such as voter ID card, Driving License, Aadhar Card.
  • Detailed Project Report (DPR)
  • Any other document as per sanction.

Last Updated On : Saturday, 18-11-2023

Interest Rates

7.50%* p.a. onwards

w.e.f. 15.06.2025

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links