What happened
The Ministry of Food Processing Industries said the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme has crossed a major milestone with more than two lakh loan sanctions for micro food processing enterprises. The release said the scheme has leveraged over Rs. 20,300 crores in project investments and generated nearly 11 lakh direct and indirect jobs.
The Ministry held a special event in New Delhi on 11 July 2026 to mark the milestone. Union Minister for Food Processing Industries Shri Chirag Paswan presided over the programme and described the result as evidence of scale and reach across States.
Scheme design and earlier position
The PMFME Scheme is a central sector scheme for micro food processing enterprises. The release presents it as a formalisation-oriented instrument that combines finance with training, handholding, branding, marketing, and market linkage. It also refers to support through District Resource Persons (DRPs) and the One District One Product (ODOP) approach.
Before the latest milestone, the Ministry of Food Processing Industries had already reported seed capital support for more than 4.18 lakh Self Help Group members, approval or commissioning of Common Incubation Centres across 27 States/UTs, and training of more than 1.76 lakh beneficiaries, including 77 percent women.
Related current affairs
- PMFME Bazaar 2026 showcases grassroots micro food processing enterprises across India
- PM Modi shares article on PMFME Scheme formalising micro food processing enterprises
- Defence Export SOP and Open General Export Licence (OGEL) framework simplified to reduce procedural burden and expand global market access
- Delivery of Mangrol – Third Anti-Submarine Warfare Shallow Water Craft Built by CSL, Kochi
- Viksit Bharat Young Leaders Dialogue 2027 Begins with Viksit Bharat Quiz
- Vice President C. P. Radhakrishnan graces SASTRA Deemed University’s Ruby and Silver Jubilee valedictory celebrations; launches six new schemes
