PMFME Loan Apply Online:- The Government of India launched the PMFME Loan scheme. To increase the number of small entrepreneurs in the field of food processing the Government of India launched the Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme. Under this scheme, the Government of India will provide financial assistance and subsidies to all the micro-entrepreneurs of the food processing industries so that they can expand their business. All the applicants who want to apply for the PMFME scheme can now visit the official website and fill out the application form online. The official website to apply for the PMFME scheme is pmfme.mofpi.gov.in.
What is a PMFME Loan?
To speed up the development of the food processing industry in India the Government of India launched the Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme. For the implementation of this scheme, the Government of India has set up a total budget of INR 10,000 crore for 5 years. By providing financial assistance to the food processing entrepreneurs the Government of India will increase the local products. The financial assistance will be transferred directly to the selected applicant’s bank account. The local entrepreneurs can use the financial assistance to build up warehouses, and laboratories and can increase the quality of the product.
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The objective of PMFME Loan Apply Online
The main objective of launching the loan scheme is to help the local entrepreneurs to grow their businesses. By providing financial assistance to the local entrepreneurs this scheme will also create employment opportunities for semi-skilled workers. The authorities will also provide seed capital for all SHG workers so that they can start their businesses without worrying about financial troubles. The main aim of launching this scheme is to increase the capacity building of entrepreneurs through technical knowledge, skill training, and hand-holding support services. All the applicants who clear the eligibility criteria can go to the official website and fill out the registration form.
Key Highlights of PMFME Loan Apply Online
| Name of the scheme | PMFME Loan |
| Launched by | Government of India |
| Objective | Provide loan |
| Beneficiaries | Citizens of India |
| Official website | PMFME website |
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Eligibility Criteria
- The applicant must be a micro-entrepreneur in the food processing industry.
- The applicant must be a permanent resident of India.
- Only one person from one family is eligible for obtaining financial assistance. The “family” for this purpose would include self, spouse, and children.
- The applicant should be above 18 years of age and should possess at least VIII standard pass educational qualification,
Subsidy Loan Amount Under PMFME
- Credit-linked grants at 35% of the project cost with a maximum grant of up to Rs 10.0 lakh will be given under the scheme.
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Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- PAN Card
- Passport Size Photo
- Business documents
Benefits of PMFME Loan Scheme
- The selected applicants under the loan scheme will receive alone from the Government of India.
- The applicants can start or expand their business significantly with the help of the loan scheme.
- The entrepreneurs can increase the quality of the product which will help them to attract more customers.
- By expanding their business the micro-entrepreneurship will create employment opportunities for more citizens of India.
- The maximum amount of Grand under the scheme is INR 10 lakh that will be given to the selected applicants.
Selection Process
- The applicant will be selected based on their clearance of eligibility criteria.
- Only entrepreneurs who are in the field of food processing are eligible to be selected for the scheme.
- The applicants must want to expand their business to be selected under the PMFME Loan scheme.
- The state would recommend applicants to the PMFME Loan authorities to provide financial systems.
PMFME Loan Apply Online at pmfme.mofpi.gov.in
STEP 1: All the applicants who clear the eligibility criteria must visit the official PMFME website to fill out the application form for the PMFME Loan scheme.
STEP 2: Once the applicant reaches the homepage of the official website the applicant must click on the option New user register.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details including Name, Mobile No., Email ID, Address, etc.
STEP 4: After registration, a password generation link will come on your registered Email ID with User ID and DRP contact details.
STEP 5: Now the applicant must go to the official website and login using their user ID and password.
STEP 6: Now the Detailed Project Report (DPR) will appear on your desktop screen the applicant must fill it out and attach all the necessary documents.
STEP 7: The applicant must enter the Applicant Details, Proposed business details, Proposed financial details, and Lending bank and upload all the details.
STEP 8: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
Contact Details
- support-pmfme[at]mofpi[dot]gov.in
FAQs
What is the official website to apply for the PMFME Loan scheme?
The official website to apply for the PMFME Loan scheme is pmfme.mofpi.gov.in.
What are the benefits to be given to the selected applicants under the PMFME Loan scheme?
The selected applicants under the PMFME Loan scheme will receive financial assistance from the Government of India to expand their business.
What kind of details the applicant must enter on the Detailed Project Report (DPR)?
The applicant must enter Applicant Details, Proposed business details, Proposed financial details, and Lending bank details on the Detailed Project Report (DPR).