The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme recorded strong momentum in FY 2024–25, with 1,46,197 applications received for credit-linked subsidy till June 30, 2025. As shared in a written reply to the Rajya Sabha by Minister of State for Food Processing Industries Shri Ravneet Singh, the scheme has enabled wide access to finance for micro food enterprises across the country.
Scheme outlay and target
The centrally sponsored PMFME scheme targets two lakh micro food processing units from 2020-21 to 2025-26, backed by a total outlay of Rs. 10,000 crore. The scheme provides credit-linked subsidies to help units expand capacity, modernise equipment, and meet food safety and quality standards.
FY 2024–25 performance snapshot (till june 30, 2025)
| Particulars | FY 2024–25 (till June 30, 2025) |
|---|---|
| Applications Submitted | 1,46,197 |
| Loans Sanctioned | 58,213 |
| Loans Disbursed | 51,851 |
Why it matters
PMFME plays a pivotal role in formalising India’s fragmented micro food processing sector, supporting rural entrepreneurship, and strengthening local value chains. Improved access to credit can translate into higher productivity, better compliance, and more sustainable jobs in semi-urban and rural areas.
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