Food Processing Industries Minister Chirag Paswan on Saturday announced that over 2 lakh micro enterprises have received credit-linked subsidy under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme since its launch in 2020 to set up processing facilities with a combined investment of ₹20,300 crore.
The total subsidy amount provided so far under the PMFME scheme is around ₹6,000 crore, he added. Paswan said that the scheme has leveraged project investments of over ₹20,300 crore while generating nearly 11 lakh direct and indirect employment opportunities.
“Nearly 90 per cent of beneficiaries are first-generation entrepreneurs and 44 per cent are women entrepreneurs, while over 75,000 PMFME-supported enterprises have entered the formal economy through registrations such as Udyam Aadhaar, Udyam Assist, FSSAI and GST,“ he said while addressing an event. During the event, the Minister also felicitated the 2nd lakh beneficiary Inderjeet Singh from Ranchi, Jharkhand, and handed over the sanction letter as well as certificate.
