CIRCULAR – Applications invited from Entrepreneurs, SHGs, FPOS, NGOs for availing financial assistance under Pradhan Mantri Formalization of Micro Food Processing Scheme (PMFME) for 2024-25

Applications are hereby invited from the Entrepreneurs, SHGs, FPOS, NGOs and Cooperative of Changlang District for availing financial assistance under Pradhan Mantri Formalization of Micro Food Processing Scheme (PMFME) during this current financial year 2024-25 against the 10 Individual target allocated for the District. Financial assistance would be provided to the micro food processing unit in terms of Credit Linked Capital Subsidy @ 35% of the eligible project cost with a maximum ceiling of Rs. 10.00 lakhs per unit. The assistance would be available to both existing Micro Food Processing unit for Up gradation/Expansion as well as New units. The beneficiary contribution should be minimum of 10% of the Project cost with balance required fund being loan from the Bank.

Hence, the interested Persons/Groups may apply through online portal of MOFPI www.pmfme.mofpi.gov.in and avail the benefits of the scheme. They are also advised to select the bank branches at the time of applying as per the bank wise district wise target allocated to the district which are as -Punjab National Bank -3 nos. State Bank of India -5 nos. Axis Bank -2 nos. The last date for submission of application on online is 30/09/2024. The list of mandatory documents required are hereby attached with this circular.

For further details please contact the office of the Deputy Director of Industries Changlang on any office working day or District Resource Person in his contact no. 8132894980.

NOTE: The terms and conditions, eligibility criteria and other details may be viewed / downloaded from the file link given herewith