SDG 8: Decent Work and Economic Growth | SDG 9: Industry, Innovation and Infrastructure
Institutions: Ministry of Food Processing Industries
The Ministry of Food Processing Industries has released an updated performance backgrounder on the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, coinciding with mid-term evaluations that recommend its extension beyond 2025–26. The note consolidates progress since 2020, reporting central releases of ₹3,791 crore, 1,44,517 credit-linked loans sanctioned worth ₹11,502 crore, training for 1,16,666 beneficiaries, and seed capital support for over 1,03,000 self-help group members. The year 2024–25 alone accounted for more than 50,000 loan sanctions, marking the scheme’s highest annual disbursement to date.
Relevant Question for Policy Stakeholders: How can an extended PMFME be restructured to deepen market access, strengthen value chains, and integrate sustainability standards, while maintaining its focus on credit-linked support for small and micro food enterprises?
Follow the full news here:
https://www.pib.gov.in/PressNoteDetails.aspx?ModuleId=3&NoteId=155134