I want to set up a small masala or pickle unit. Is there a subsidy.
What is the PMFME scheme for micro food processing units?
LLakshmi Devi1yr ago · 456 views
4 Answers
🌾Farmer.in Krishi TeamExpert ✓1yr ago
The PM Formalisation of Micro Food Processing Enterprises (PMFME) scheme gives a credit-linked capital subsidy of 35% of eligible project cost, up to a maximum of Rs 10 lakh per unit, to individuals, proprietorships, FPOs, SHGs, cooperatives and companies setting up or upgrading micro food units (like masala, pickle, bakery, millet products). SHG members can also get seed capital of Rs 40,000 per member, up to Rs 4 lakh per SHG, for tools and working capital. There is branding and marketing support and common infrastructure support too. Apply through the PMFME portal (pmfme.mofpi.gov.in) with help from your District Resource Person. You bring promoter contribution plus a bank loan; the subsidy is credited to the loan account. Confirm current ceilings on the official portal.
LLakshmi Devi1yr ago
I set up a turmeric and chilli powder unit using PMFME. The District Resource Person helped fill the application. The 35 percent subsidy made the bank loan much easier to repay.
GGanesh Patil1yr ago
The subsidy is credit linked, which means you must get a bank loan sanctioned first, only then does the subsidy come. Many people assume it is upfront cash. Keep your project report, FSSAI and Udyam registration ready, the bank loan step is where most applications get stuck.
SSunita More1yr ago
Do not skip the branding and marketing support part of the scheme. We spent everything on machines and then could not sell. A decent label, FSSAI number on the pack and tie ups with local kirana shops mattered as much as the grinder itself.