PMFME crosses 2 lakh micro food enterprises, eyes 2.0 relaunch
The PM Formalisation of Micro Food Processing Enterprises scheme has covered over 2 lakh units since 2020, unlocking ₹20,300 crore in investment and ₹6,000 crore in subsidy while creating 11 lakh jobs. With 44% women entrepreneurs and 80 incubation centres, the scheme is extended to September as PMFME 2.0 is weighed.
Over 2 lakh micro food processing enterprises received credit-linked subsidy under PMFME since 2020, leveraging ₹20,300 crore investment. Scheme extended to September, with PMFME 2.0 being considered to attract more investment in India's food processing sector.
Why this matters
The 2 lakh milestone lands as the Centre readies a PMFME 2.0, having proposed a 5-year extension with richer subsidies, ODOP push and GeM onboarding for micro food processors.
Retail-company signals are accelerating, up 724100% QoQ.
Also reported by
- The Hindu BusinessLine — Same time