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PMFME scheme sanctions loans to over two lakh micro food processing enterprises, says Union Minister Chirag Paswan
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme has successfully sanctioned loans to over two lakh micro food processing enterprises across India, as announced by Union Minister Chirag Paswan. This scheme has mobilized project investments exceeding ₹20,300 crores and has created approximately 11 lakh direct and indirect job opportunities. The significance of this initiative lies in its role in enhancing the food processing sector, promoting entrepreneurship, and supporting local economies.
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