PM FME Scheme 2024: The fragmented food processing business needs to make the various microenterprises that already exist more competitive. Formalization of this disorganized sector of the food processing industry is also necessary. In order to achieve this, the state and national governments collaborated to introduce the PM FME Scheme, also known as Pradhan Mantri’s formalization of micro food processing enterprises. Producers’ cooperatives, self-help groups, and farmer-producer associations will all receive financial incentives through this plan, along with their value chains.
You may find all the information you need about this scheme in this article, including registration, login, features, benefits, goals, eligibility requirements, needed paperwork, and the selection process. Thus, you are asked to carefully read this text through to the finish if you wish to benefit from the PM FME scheme 2024.
PM FME Scheme 2024 Overview
| Scheme Name | PM FME Scheme 2024 |
| Scheme Category | Government Scheme |
| Year | 2024 |
| Launched By | Govt. of India |
| Official Website | pmfme.mofpi.gov.in |
| Apply Mode | Online |
| Beneficiary | Indians |
| Purpose | The goal is to finance microfood processing units using credit-linked subsidies. |
| Join for the Latest Updates | Click Here |
What is PM FME Scheme 2024
The PM FME Scheme was introduced by the national government in collaboration with many state governments. Credit-linked subsidies would be provided to 200000 micro food processing facilities under this initiative. Through the use of FSSAI registration, Udyog Aadhaar, and GST, this strategy will legitimize micro units. The various units will receive financial support to modernize their food processing infrastructure. Aside from that, technical expertise and training will be used to provide skill development, common infrastructural facilities, and quality enhancement.
The government has set out 10,000 crores for this scheme’s implementation over a five-year period, from 2020–2021 to 2024–2025. Additionally, this plan offers assistance with branding and marketing. This Yojana covers producer cooperatives, self-help groups, and farmer-producer associations. This program’s implementation is under the purview of the Ministry of Food Processing Industries.
ODOP Webinar on Potato Processing in Madhya Pradesh is being organized by @MOFPI_GOI, @phdchamber & MP State Agro Industries Development Corporation, Government of Madhya Pradesh under the #PMFMEScheme for the #AzadiKaAmritMahotsav initiative.
— PM FME Scheme (@PMFMEScheme) August 25, 2021
25.08.2021 | 11:00 am pic.twitter.com/iFqrblWDdA
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PM FME Scheme 2024 Objective
Expanding finance availability for the current FPOs, cooperatives, self-help groups, and micro food processing firms is the primary goal of the PM FME Scheme. The supply chain will be integrated through this plan by enhancing marketing and branding. The government will offer assistance to two million businesses. Increased access to shared services like a lab, storage, packaging, marketing, incubation, and common processing facilities is another benefit of this program. Other than that, this program will also support training and research in the food processing industry. Additionally, this program increases access to professional and technical support in an effort to fortify the institutions.
PMFME Scheme Benefits and Features
- The PM FME program was introduced by the national government and several state governments.
- A credit-linked subsidy will be provided to 2 lakh micro food processing units through this plan.
- Through the use of FSSAI registration, udyog Aadhaar, GST, and udyog, this strategy will formalize micro units.
- This program covers producer cooperatives, self-help groups, and farmer-producer organizations.
- This program’s implementation is under the purview of the Ministry of food processing industries.
- Through this program, the individual units will also receive financial support for modernizing their food manufacturing facilities.
- In addition to that, technical knowledge and training will be used to provide skill development, common and infrastructure amenities, and quality enhancement.
- A budget of Rs 10,000 crore has been set aside by the government for a five-year period, from 2020–2021 to 2024–2025.
- Additionally, this plan offers assistance with branding and marketing.
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Costs Associated With Putting PM FME Scheme Into Practice
The PM FME Scheme will be implemented over the course of five years with a budget of Rs 10,000 crore. The costs associated with putting this plan into action will be split 60:40 between the national government and state governments, 90:10 with the Northeastern and Himalayan states, 60:40 with union territories and the legislature, and 100% with the national government for all other union territories.
This scheme, which follows the one district, one product model, is being introduced in 2020 as a part of the Atma Nirbhar Bharat Abhiyan. Credit-linked subsidies, up to a maximum of Rs 10 lakh, will be given on eligible product expenses at a rate of 35% under this scheme.
PM FME Scheme 2024 Application Details
- The total number of applications submitted is 18,278, reflecting a significant level of interest.
- Out of the total applications, 12,543 are specifically for the ODOP (One District One Product) program.
- The remaining 5,724 applications are for various other non-ODOP initiatives or opportunities.
- A noteworthy number of 11,754 applications are from new individuals, showcasing a surge in entrepreneurial aspirations.
- Additionally, 6,524 applications have been submitted by existing individuals, indicating a desire for expansion or diversification.
- These figures highlight the widespread engagement and participation in the application process.
- The substantial number of applications received underscores the need for careful evaluation and selection processes.
Parts Of The PM FME Scheme
- assistance to individuals and groups operating micro businesses.
- assistance with branding and marketing.
- backing for the institution’s strengthening.
- Establishing a framework for progress project management.
Assistance For Personalized Microbusinesses
The government would give credit-linked capital subsidies to each individual micro food processing unit under the PM FME Yojana, at a rate equal to 35% of the acceptable product cost. The maximum amount that can be awarded for this credit-linked capital subsidy is Rs 10 lakh per unit. At least 10% of the project’s total cost must be contributed by the beneficiary; the remaining amount must be paid for via bank loans. Through this program, technical expertise, skill development, and handholding support services will be offered to help microfood entrepreneurs develop their capacity.
Qualifying Standards for Each Microbusiness
- The business needs to process food in some kind.
- The microbusiness ought to be up and running.
- A family may only have one member benefit from this program.
- The candidate must be at least eighteen years old.
- The applicant must have completed the eighth standard or above.
- Only proprietorships and partnership firms are eligible to participate in this program.
- The applicant needs to be the Enterprise’s owner.
- The company ought to be engaged in one district’s product, which is the one that has been identified. It is also possible to think about other possible units.
- At least ten employees must be employed by the firm in order for it to be incorporated.
- The project budget shouldn’t include the cost of the land.
- The cost of the ready-built might be included in the project cost along with the long-term lease or rental arrangement.
- The workshed leasing rental, which is part of the project cost, should only last for a maximum of three years.
- In order to secure a bank loan, the entrepreneur must be prepared to contribute 10% of the project’s cost.
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The process of choosing a certain micro-business
- Identification of the individual microenterprise is completed.
- Businesses that focus on a single district and one product will be given preference.
- Through this program, additional businesses with potential will also receive assistance.
- Applications will be invited at the district level.
- Additionally, resource people will survey clusters.
- The resource person will point out opportunities and surprises that could lead to utilizing this program’s benefits.
- Field verification will be conducted by a resource person for applications that are received directly.
- The committee at the district level will review the applications that have been received.
- The district-level committee will review the resource person’s report and conduct interviews with potential candidates.
- The report’s specifics include the company’s annual turnover, payment history, current infrastructure, backward and forward linkages, closeness to clusters, and marketing connections.
- A resource person will assist those cases that are suggested by the district-level committee in preparing their DPR in order to apply for a bank loan.
- For the bank to approve a loan, all appropriate paperwork must be submitted, including the DPR.
- The State Government will determine the level at which specific micro units to be supported are finalized.
Assistance For Group Category PM FME Scheme
The PM FME plan will provide support to producer cooperatives, farmer-producer organizations, self-help groups, and other clusters and groups along their whole value chain. Support will be given for the following tasks: packing, marketing, grading, storing and processing, sorting, and processing of agricultural produce. A grand at a rate of 35% with credit linkage will be given for this reason. Apart from that, this initiative would also offer training support. In these situations, the grant’s maximum amount would be as specified.
Qualifying For Cooperatives And FPOs
- One district, one commodity, should be the preferred focus of the cooperative or farmer-producer organization.
- Food processing activities must be carried out by the cooperative or FPO.
- The company’s highest revenue should be at least Rs 1 crore.
- The project’s budget shouldn’t go over its current turnover.
- The company’s members must possess the necessary training and at least three years of product handling experience.
- To cover 10% of the project cost plus margin money for working capital needs, the cooperative or farmer-producer organization must have adequate internal resources or state government approval.
Assistance For Self-Help Groups Under The PM FME Scheme
Numerous self-help organizations handle food in one way or another. The self-help groups will receive financial support under the PM FME Yojana. The following are the specifics of this cash assistance:-
- Seed Capital: A sum of Rs. 40,000 per member of the self-help group will be supplied as seed capital to cover working capital needs and tool purchases. Priority will be given to self-help organizations that participate in the one district, one product initiative. Since not every member of the self-help group works in the food processing industry, seed money will be given at the federation level. This sum is going to be awarded as a grant. This sum must be lent to the self-help group members by the self-help group federation.
- Funding support: Under this initiative, up to Rs 10 lakh in grants would be given to individual self-help group members who are credit-linked grand at a rate of 35%.
- Capital investments: A credit-linked grant of three-quarters will be given at the Federation of Self-Help Group level to stimulate capital investment. This grant’s maximum amount will be determined periodically.
- Coaching and handholding: The self-help groups will also receive assistance and training. The state rural livelihood mission employs a sizable number of resource individuals with training. These individuals’ knowledge of agricultural products will be useful for training, unit upgrades, providing assistance, etc.
Qualifying for Seed Funding for Self-Help Groups
- The benefit of this scheme is limited to members of self-help groups that process food.
- The seed money should be used for small tool purchases and working capital.
- Food processing should be the SHG’s primary activity.
- Prior to disbursing the seed capital, the self-help group federation must obtain the following information about each member of the self-help group:
- generate marketing and raw material sources.
- yearly changeover.
- specifics of the treated product.
- more actions carried out.
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Qualifying for Credit-Linked Grants for Capital Investing in Self-Help Groups
- The self-help group’s members ought to have at least three years of experience generating one district, and one product.
- The self-help group has to have enough cash on hand to cover 20% of the project’s cost and 10% of its overhead.
- Food processing should be the SHG’s primary activity.
Support for shared infrastructure will be given to self-help groups, cooperatives, farmer-producer organizations, private businesses, and any government agency under the PM FME plan. A project’s eligibility will be determined by factors such as the amount of benefit to farmers and the industry as a whole, the viability gap, the lack of private investment, etc. A third of the grants will be credit-linked, with funding for shared infrastructure being made accessible.
The grant’s upper limit will be determined periodically. Infrastructure assistance will include an incubator, a shared processing facility for a single district’s worth of products, a warehouse, cold storage, etc.
Groups To Submit Capital Investment And Common Infrastructure Proposals
- In order to request assistance, a DPR must be ready.
- All necessary proposal elements, such as the proposed personnel, turnover, marketing channel, and comprehensive proposal cost, should be included in the DPR.
- Sending this DPR to the state nodal agency is appropriate.
- When the project SNA is approved, we comment on the proposal to the MoFPI.
- All requests for grants above Rs 10 lakh for a group’s help should be submitted to the government for approval.
- The proposal will be sent to the financial institution for loan sanctioning upon approval.
- Additionally, Rs 50,000 in support will be given for the DPR’s preparation.
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Support for Marketing and Branding Under the PM FME Scheme
Support for marketing and branding will be given to farmer producer organizations, self-help groups, cooperatives, or a special purpose vehicle of micro food processing enterprises under the PM FME plan. At the state or regional level, one district, and one product will receive marketing and branding help. Under this program, all marketing-related training will be fully sponsored. Additionally, this plan will help with the development of a unified brand and packaging. In addition, this program will support the promotion of partnerships with state-level organizations and national and regional retail chains.
To be eligible For Assistance With Marketing And Branding
- Both the producers and the products must be scalable to higher volumes.
- The proposal ought to demonstrate the promotional entity’s management and entrepreneurial skills.
- An FPO, SHG, cooperative, or regional state-level SPV should be the applicant.
- Food processing should be the company’s primary operation.
- The buyer should purchase the finished product in a retail package.
- The product should have a minimum turnover of Rs 5 crore.
- One district, and one product should be the focus of the proposal.
Coverage of States and Union Territories and Pattern of Funding
- This is a centrally sponsored program for all of India that will cover two lakh firms over the course of five years with an initial investment of Rs. 10,000 crore.
- The national government and state governments will split the costs associated with this plan 60:40.
- The ratio between the national and state governments in the state of the northeast Himalayas will be 90:10.
- The state-to-national government ratio in the union territory with a legislature will be 60:40.
- The national government will handle all funding for any other union territory.
- The central government would be responsible for paying all costs in the first year, 2020–21, whether they were spent by the state or the center.
- The first year’s expenses would be modified in accordance with the previously stated percentage, with the cash being distributed to the state equally over the next four years.
- The states will receive the funds under the scheme based on the approved project execution plan.
One District, One Product Method
- This structure will be used in the one district, one product approach in order to take advantage of economies of scale when it comes to purchasing inputs, using shared services, and product marketing.
- However, assistance will also be given to the unit making other products.
Improvements to the Food Processing Unit
- Credit-linked capital subsidies for individual microfood processing units will be provided at a rate equal to 35 percent of the eligible products. Project costs up to a maximum of 10 lakh per unit for technological upgrades or expansion.
- The beneficiary must contribute at least 10% of the total amount, with the remaining funds coming from loans.
- District-level applications will be accepted on a continuous basis from units hoping to benefit from the plan.
- Current food processing facilities that want to apply for the scheme’s support should do so through the portal.
- The loan proposal will be recommended to the banks following examination.
- The proper degree of application shortlisting for recommendation to banks will be determined by the states.
How to Request Help Under “Branding and Marketing”
- A detailed project report (DPR), comprising all project-related information such as product, strategy, quality control, production aggregation, common packaging, branding, etc., must be provided for the proposal.
- Up to Rs 500000 in support would be made available by the SNA for the DPR preparation.
- The proposal must also include an activity flow chart.
Assistance For State-Level Technical Institutions
The state government would propose technical institutes at the state level for the PM FME Scheme 2024. The state-level technical institution will be in charge of creating the PIP for the state-level technical institutions, contributing to PIP, training district resource persons to increase their capacity, offering guidance and support to district resource persons, and so on. A yearly training schedule for the suggested activities should be included in the PIP that is created and submitted to the ministry following approval by a state-level approval committee.
Requirements for State-Level Technical Institutions
- a government-owned research center for food processing technologies.
- a school or college affiliated with any state university, including the Agriculture University.
- any Government of India institute that specializes in food processing, or any institute under the CSIR.
- If the institution is a college, food processing technology courses for undergraduates and graduate students should be offered.
- The institute has to have a lab with the required supplies.
- Faculty members should be developing new products and conducting research at the institute.
- The State Government must recommend the plan.
- There should be enough build-up area at the institute.
- Pilot plants must be available at the institute in order to process two goods under a single district.
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Assistance for Training Under PM FME Program
Individual units and Groups who get help for capital investment will also receive training support under the PM FME initiative. In addition, the district’s current units and groups that generate one district, one product will receive training support. Support for training will be extended to the group receiving marketing and branding assistance. The Ministry of Skill Development and Entrepreneurship has set a fixed hourly rate that will be used for training. Online modules will be used to deliver the instruction. These modules won’t last very long. Weekly training using these modules will be given with the district’s audio-visual assistance.
Process for Grant with Bank
- A nodal bank would be designated for the national subsidy disbursement process.
- It is necessary for the bank to open a mirror account in the beneficiary’s name before sanctioning the loan.
- The grant will be given in a 60:40 split between the federal and state governments, and it will be placed into the beneficiary’s bank account at the lending bank branch.
- This money will be refunded to the beneficiary’s bank account if, three years after the last loan tranche was disbursed, the beneficiary’s account remains standard and the unit is professional.
Organizations for Mechanism Implementation and Monitoring
- Committee on National Apex Institutions’ Capacity Building and Research
- technical institution at the state level
- Committee of Interministers
- Executive Committee for the Project
- committee for approval at the state level
- The State Department of Nodal agencies
- Department agency designated as the state nodal
- committee at the district level
- Unit for National Program Management
- Unit for state program management Persons of reference
Important Documents for PMFME Scheme
- Aadhar Card
- Voter ID Card
- PAN Card
- Mobile Number
- Bank Account Passbook
- Latest PP Size photo
- Active Mobile Number
- Age Proof
- Resident/ Domicile Proof
- Incorporation Certificate
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How To Apply for PM FME Scheme 2024
- Visit the PM FME scheme’s official website first @pmfme.mofpi.gov.in
- The main page will appear in front of you.
- You must click on “Online Registration” on the homepage.
- A fresh page will open in front of you.
- You need to click the “Sign Up” button on this new page.
- You will see the registration form appear.
- The following details must be entered into this registration form:
Type of beneficiary, Name, E-mail ID, Mobile number, Address, State, District, etc. - You must now click the register button.
How to Login PM FME Scheme 2024
- Clicking here, you must log in to the portal.
- You must choose the recipient category.
- Your password and user ID must now be entered.
- You then need to select “Submit.”
- You must now select “Apply Now.”
- The application will show up in front of you.
- This application form requires you to fill in all the necessary information.
- You then need to upload each of the necessary documents.
- You must now select “Submit.”
Following This process will allow you to apply for the PM FME Scheme 2024.
How to Log in as an Applicant PM FME Scheme 2024
- Go to the PM FME scheme’s official webpage.
- The main page will appear in front of you.
- You must now click the login button.
- You then need to select “Applicant Login.”
- The login screen will show up.
- You must decide which kind of beneficiary you are.
- You must now enter your password and user ID.
- You then need to select “Submit.”
- This process will allow you to log in as an applicant.
How To Perform A MIS Login
- Visit the PM FME scheme’s official website.
- The main page will appear in front of you.
- It is necessary for you to click on login on the homepage.
- You then need to select MIS login.
- Your password and user ID must now be entered.
- You then need to select “Submit.”
- This process will allow you to log in to MIS.
Some Crucial Details About the PM FME Scheme 2024
- The district resource person will assist micro-enterprises with DPR preparation, bank loan acquisition, training, unit upgrades, obtaining required regulatory approvals, cleanliness, and other related tasks.
- You may get information about DRP at the official website.
- The beneficiaries can meet DRP at the district industries center for any formal purpose.
- Beneficiary can get in touch with the district nodal official if there isn’t a DRP.
- The following businesses are eligible to sign up for shared infrastructure:-
Cooperative society, FPC, SHG, Limited liability partnership, Partnership firm, Private limited company, Proprietorship, Public limited company. - To receive the benefits of the program, the applicant must already have infrastructure in place.
- Training will be provided under this program by state-level technical institutions.
- For the next three years, the recipient must make on-time EMI payments.
- The beneficiary’s bank account will receive the Subsidy amount if, after three years, the loan category remains standard.
- The scheduled tribe, scheduled caste, and the northeastern area will receive special funding.
- The nodal bank would be chosen to handle subsidy disbursement at the national level.
Important Links
| PM FME Scheme – Official Website | Click Here |
| PM FME Scheme – Registration | Click Here |
| PM FME Scheme – Direct Login | Click Here |
| PM FME Scheme – MIS Login | Click Here |
| PM FME Scheme – ODOP | Click Here |
| PM FME Scheme – Track Application Status | Click Here |
| PM FME Scheme – Helpline | +91-9254997101, +91-9254997102 |
| Address: | Panchsheel Bhawan, August Kranti Marg, Khelgaon, New Delhi-110049 |
| Follow for the PM FME Scheme 2024 Latest News | Click Here |
| Join Telegram for more Help | Click Here |
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FAQs about PM FME Scheme 2024
What is the PM FME Scheme Full Form?
Pradhan Mantri Formalization Of Micro Food Processing Enterprises is the whole name of PMFME.
What is the interest rate for the PM FME Scheme 2024?
The PM FME scheme 2024 has an interest rate of 10.55% and allows for a maximum loan amount of Rs 3 crore, with a 35% subsidy also available.
When was the PMFME program introduced?
In actuality, the PMFME program was launched on October 2, 1958—eleven years after independence. However, it was extended one more in May 2022.
