PM Micro Food Processing

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PM Micro Food Processing
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Financial Support for upgrading units and development of common infrastructure

  • To be implemented over a period of five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore.
  • Existing Individual micro food processing units desirous of upgradation of their unit can avail credit-linked capital subsidy @35% of project cost with maximum ceiling of Rs.10 lakh per unit
  • Seed capital @ Rs. 40,000/- per SHG member for working capital and purchase of small tools
  • Support for marketing & branding to develop brands for micro units and groups with 50% grant at State or regional level
  • Support through credit linked grant @ 35% for development of common infrastructure including common processing facility, lab, warehouse, cold storage, packaging and incubation center

Last Updated On : Wednesday, 11-11-2020

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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