09-05-2025
Bihar tops in implementation of PMFME scheme: Minister
Patna: Bihar secured first position in the country for successfully implementing the Pradhan Mantri Formalisation of
Micro Food Processing Enterprises
(PMFME) scheme in the financial year 2024-25, said industries minister Nitish Mishra on Friday.
He said under the scheme, loan approval has been granted to 10,296 applicants. Out of these, loans have been disbursed to 6,589 units, which is 63% of the total distribution, he said.
"The PMFME is a scheme for establishing entrepreneurship, especially small-scale industries, in the state. Its excellent implementation has pushed Bihar to the top position. This achievement will promote industries and employment in the state," the minister said. The department is undertaking important steps to strengthen the food processing units of the state. Under the scheme, financial assistance is being provided to units at the individual, group, and community levels through subsidies. Individual micro food processing units are being given a credit-linked subsidy of 35% of their project cost (up to a maximum of Rs 10 lakh). For this, the beneficiary's contribution must be at least 10%, and the total investment, including working capital, must be up to 20%. For group units, such as Farmer Producer Organisations (FPOs), self-help groups, and cooperative societies, a similar subsidy of 35% of the project cost is the Common Facility Centre, FPOs, SHGs, and cooperative societies are being assisted for general infrastructure. Under this scheme, a subsidy of 35% of the project cost (up to a maximum of Rs 3 crore) is possible. The beneficiary group has to make a minimum contribution of 10% and a total capital investment of 20%.The PMFME is a major scheme run by the central govt. Its objective is to promote the unorganised sector of the food processing industry and enhance competition. With the help of this scheme, FPOs, SHGs, and Producer Cooperative Societies also receive their actual categories of beneficiaries can be created under this scheme. These include entrepreneurs, private limited companies, proprietorship firms, partnership firms, NGOs, cooperative societies, FPOs, and self-help groups.
