Question: What is Pradhan Mantri Formalisation Of Micro Food Processing Enterprises?

Answer: of Group Savings, loans details etc.7 DPRï»¿Optional Documents1. Loan statement of active loans2. Sanction letter of active
loans3. Copies of Minutes of last meeting of SHG members4. Agreements made with Buyers, if any.5. Copies of any other Government
grants received, if any.6. Photocopy of Bank Statement/ Bank Passbook for the last 6 months of the SHG7. Any other
documentsFrequently Asked QuestionsWhat Is PM FME Scheme?PM FME stands for â€œPrime Minister Micro Food Processing
Enterprisesâ€​. 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 accountI 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 â€œfamilyâ€​ 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 SchemeHow 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: âœ“ Training relating to marketing to be fully funded under the
scheme âœ“ Developing a common brand and packaging including standardization to participate in common packaging âœ“ Marketing
tie up with national and regional retail chains and state level institutions âœ“ Quality control to ensure product quality meets required
standardsIs 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, itâ€™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.Sources And ReferencesGuidelines (English)Guidelines (Hindi)Joint Guidelines For
Seed CapitalGuidelines For Incubation CenterFAQs (English)FAQs (Hindi)Application Process (Hindi)Application Process
(English)OkWas this helpful?News and UpdatesNo new news and updates availableShareSomething went wrong. Please try again
later.OkYou need to before applying for schemesCancelIt seems you
have already initiated your application earlier.To know more please visit CancelApply NowMinistry of Food Processing
IndustriesPradhan Mantri Formalisation Of Micro Food Processing EnterprisesCredit Linked
SubsidyEntrepreneurshipLoanDetailsBenefitsEligibilityExclusionsApplication ProcessDocuments RequiredFrequently Asked
QuestionsLaunched on 29th June 2020, PMFMPE is a Centrally Sponsored Scheme by the Ministry of Food Processing Industries,
designed to address the challenges faced by the micro-enterprises and to tap the potential of groups and cooperatives in supporting the
upgradation and formalization of these enterprises.ï»¿Aims:1. Enhance the competitiveness of existing individual micro-enterprises in
the unorganized segment of the food processing industry and promote formalization of the sector; and2. Support Farmer Producer
Organizations (FPOs), Self Help Groups (SHGs), and Producers Cooperatives along their entire value chain.ï»¿Objectives: To build the
capability of microenterprises to enable:1. Increased access to credit by existing micro food processing entrepreneurs, FPOs, Self Help
Groups, and Co-operatives.2. Integration with an organized supply chain by strengthening branding & marketing.3. Support for the
transition of existing 2,00,000 enterprises into a formal framework.4. Increased access to common services like common processing
facilities, laboratories, storage, packaging, marketing, and incubation services.5. Strengthening of institutions, research, and training in
the food processing sector; and6. Increased access for the enterprises, to professional and technical support.ï»¿Outlay:The scheme
envisages an outlay of â‚¹ 10,000 crores over a period of five years from 2020-21 to 2024-25. 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 North In Eastern and the Himalayan States, a
60:40 ratio with UTs with the legislature and 100% by the Center for other UTs.ï»¿Coverage:Under the scheme, 2,00,000 micro food
processing units will be directly assisted with credit-linked subsidies. Adequate supportive common infrastructure and institutional
architecture will be supported to accelerate the growth of the sector.ï»¿ï»¿ï»¿OkWas this helpful?ShareNews and UpdatesNo new news
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