The Govt is offering a Rs 10 Lakh subsidy for people to set up a small Food Processing business...

This is under the PMFME Scheme (PM Formalization of Micro Food Processing Enterprises), and here are the details...

👉🏼 The Govt is willing to fund up to 35% of the cost of the set up, up to a maximum of Rs 10 lakhs in your business...

👉🏼 Under the scheme, they’re also offering you a loan of up to 90% of the cost of the project... 10% being your own contribution, and from the loan amount, 35% of the project cost up to Rs 10 lakhs will be paid to the bank by the Govt

👉🏼 Till date, there have been close to 250k applications, out of which 36% have had the funding sanctioned, and it has already been disbursed to ~71k applicants (i.e. 28%)

👉🏼 The application has to be made on the website at PMFME. MOFPI .gov.in where you select your district of operation, scale of the project, and upload a project report describing the cost and the expected future financial projections

👉🏼 Clubbing benefits of the CGTMSE Scheme along with this will also give you the benefit of not giving any property as collateral to the bank, and there can be a discount of 3% on your interest rate under the AIF Scheme (Agri Infra Financing)

👉🏼 Traders, Retailers, Wholesalers are not eligible. Only a small time manufacturer would be given this benefit.

All the best. And may a lot more fabulous food product brands take birth from our country :)



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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.

Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age