- Details
- Benefits
- Eligibility
- Exclusions
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Pradhan Mantri Formalisation Of Micro Food Processing Enterprises
Ministry of Food Processing Industries
Details
Aims:
Objectives:
Outlay:
Coverage:
Benefits
Support to Individual Micro Enterprises
Support for Farmer Producer Organizations (FPOs)/Producer Cooperatives FPOs and Producer Cooperatives:
Support for Self-Help Groups (SHGs):
Support for Common Infrastructure:
Branding and Marketing Support:
Convergence Framework:
Eligibility
The Eligible Borrowers for PMFMPE can be:
Eligibility criteria for individual micro-enterprises:
Eligibility Criteria for Co-operatives/FPOs:
Eligibility Criteria for Seed Capital for SHGs:
Eligibility Criteria for Credit Linked Grant for Capital Investment for SHGs:
Eligibility Criteria for Branding and Marketing Support:
Eligibility Criteria for Support to National Institutions for Capacity Building & Research:
Eligibility Criteria for Support to State-Level Technical Institutions for Capacity Building & Research:
Application Process
Step 1:
Step 2:
Step 3:
Apply for the PMFMFPE Scheme -
Step 1:
Step 2:
Step 3:
Step 4:
Documents Required
Checklist for submitting Credit Proposals:
(New Enterprises- Individual/Firms)
Mandatory Documents
Optional Documents
Checklist for submitting Credit Proposals.
(Existing Enterprises- Individual/Firms with more than 1 Cr Turn over)
Mandatory Documents
Optional Documents
Checklist for submitting Credit Proposals.
(Existing Enterprises- Individual/Firms with less than 1 Cr Turn over)
Mandatory Documents
Optional Documents
Checklist for submitting Credit Proposals.
(Farmers Producer Companies- Existing Enterprises)
Mandatory Documents
Optional Documents
Checklist for submitting Credit Proposals.
(Co-operative Society- Existing Enterprise)
Mandatory Documents
Optional Documents
Checklist for submitting Credit Proposals.
(Self Help Groups)
Mandatory Documents
Optional Documents
Frequently Asked Questions
What Is PM FME Scheme?
PM FME stands for “Prime Minister Micro Food Processing Enterprises”. PMFME is an all-India Centrally Sponsored Scheme with an outlay of Rs. 10,000 crores for coverage of 2,00,000 enterprises over 5 years from 2020-21 to 2024-25 being implemented by MOFPI.
What Are Micro Enterprises?
A Micro Enterprise is an enterprise where the investment in Plant and Machinery or Equipment is not more than Rs. 1 crore and the Annual Turnover is not more than Rs. 5 crore.
Is There Any Limit Of Credit Subsidy/Grant?
Yes, it would be 35% of the project cost with a maximum ceiling of Rs 10 lacs for an individual beneficiary. For SHG members involved in food processing, seed capital of Rs 40,000/- per member will be distributed as working capital and for the purchase of small tools.
Is There Any Initial Investment Required By The Person For The Scheme?
Yes, the applicant should be willing to contribute 10% of the project cost.
What Is The Process Of Crediting Subsidies?
At the national level, a Nodal bank would be appointed for the disbursement of subsidies to the banks and liaison with the banks
Is There Any Provision Of Special Benefits For SC/ST Applying In The Scheme?
Yes, the specific allocation has been made for Scheduled Caste/ Scheduled Tribe and the North-Eastern region.
When The Subsidy Amount Will Be Credited To My Account?
On sanction of the loan, the Central and State government will transfer the fund to the beneficiary mirror account. The beneficiary needs to pay the EMI on time for the next three years and the unit needs to be operational. Post 3 years, if the loan category is standard, the subsidy amount will be credited to the beneficiary account
I Have Applied For The Benefits Of The Scheme. Can My Son/Daughter/Sprouse Also Apply For The Same As They Are Dealing In ODOP Processing?
No, only one person from one family would be eligible for obtaining financial assistance. The “family” for this purpose would include self, spouse and children.
Can I Avail Of Other Government Schemes With The PMFME Scheme?
Yes, you can avail of other Government schemes with PMFME Scheme
How Branding And Marketing Support Will Be Provided Under This Scheme?
Marketing and branding support would be provided to groups of FPOs/SHGs/Cooperatives under the Scheme following the ODOP approach in the following ways: ✓ Training relating to marketing to be fully funded under the scheme ✓ Developing a common brand and packaging including standardization to participate in common packaging ✓ Marketing tie up with national and regional retail chains and state level institutions ✓ Quality control to ensure product quality meets required standards
Is There Any Provision Of Financial Assistance For The Preparation Of DPR?
Yes, the assistance of Rs 50,000/- per case would be provided to FPOs/SHGs/ Cooperative for preparation of DPR on all successful sanctions of the loan application.
What Is The Duration Of The Scheme?
The scheme is for a period of 5 years from 2020-21 to 2024-25.
Is Any Processing Fees Or Application Fees Will Be Charged?
No, it’s a centrally sponsored scheme, you need not to pay any fees for filling application or any handholding
Is There Any Age Limit To Apply?
Yes, the applicant should be above 18 years of age
Is There Any Qualification Required To Avail Of The Benefits Of The Scheme?
Yes, the applicant should possess at least VIII standard pass educational qualification.
Are There Any Other Eligibility Criteria To Avail Of The Benefits Of The Scheme?
Yes, the applicant should have an ownership right of the enterprise and an enterprise could be a proprietorship or a partnership firm.
If My Application Is Rejected, Can I Resubmit The Application?
Yes, if the application is rejected by one bank, you can resubmit the application with another bank.
More Than 10 Workers Are Employed In My Enterprise. Can I Apply For This Scheme?
No, according to the eligibility criteria, the enterprise should be unincorporated and should employ less than 10 workers for availing the benefits of the scheme.
News and Updates
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Check Eligibility
Pradhan Mantri Formalisation Of Micro Food Processing Enterprises
Ministry of Food Processing Industries
Aims:
Objectives:
Outlay:
Coverage:
Share
News and Updates
No new news and updates available