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(THE GIST OF PIB) Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme
(THE GIST OF PIB) Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme
(MAY-2025)
Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme
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Bihar secured first position in the country for successfully implementing the Pradhan Mantri Formalisation of Micro Food Processing Enterprises(PMFME) scheme in the financial year 2024-25, said the industries minister recently.
About Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme:
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Launched on June 29, 2020, PMFMPE is a Centrally Sponsored Scheme by the Ministry of Food Processing Industries.
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It is designed to address the challenges faced by micro-enterprises and to tap the potential of groups and cooperatives to support the upgradation and formalization of these enterprises.
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Objectives: To build the capability of microenterprises to enable:
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Increased access to credit by existing micro food processing entrepreneurs, FPOs, self-help groups, and co-operatives.
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Integration with an organized supply chain by strengthening branding & marketing.
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Support for the transition of existing 200,000 enterprises into a formal framework.
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Increased access to common services like common processing facilities, laboratories, storage, packaging, marketing, and incubation services.
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Strengthening of institutions, research, and training in the food processing sector; and
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Increased access for enterprises to professional and technical support.
Outlay:
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The scheme envisages an outlay of ₹ 10,000 crores over a period of five years from 2020-21 to 2024-25.
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The expenditure under the scheme would be shared in a 60:40 ratio between Central and State Governments, in a 90:10 ratio with the Northeastern and the Himalayan States, a 60:40 ratio with UTs with the legislature, and 100% by the Center for other UTs.
Coverage:
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Under the scheme, 2,00,000 micro food processing units will be directly assisted with credit-linked subsidies.
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Adequate, supportive common infrastructure and institutional architecture will be supported to accelerate the growth of the sector.
Benefits: The program has four broad components addressing the needs of the sector:
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Support to individuals and groups of micro-enterprises.
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Branding and Marketing support.
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Support the strengthening of institutions.
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Setting up a robust project management framework.
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Courtesy: PIB