PFME: The government gives loans to food processing companies, these are the terms of the program

Kaital. The Indian government provides basic loans and technical assistance to food processing companies. The government gives huge subsidies to industry to enable youth to compete in the world market and become independent. Under the Prime Minister’s PFME (Formalization of Food Micro-Enterprises) program, they provide bank loans with 35 percent subsidy to boost their micro-food businesses.

DC Shantanu Sharma shared this information and said entrepreneurs can apply for it online at the PFME portal pmfme dot mofpi dot gov dot in. This subsidy is only given to the beneficiaries who want to start their small or large business solely in the food industry. Many micro food companies will benefit from this particular government initiative. He related that the snack food manufacturing business, the cold drink manufacturing business, the khoya paneer manufacturing business, the bakery unit (burger, biscuit, bread, cake, etc.), the pickle manufacturing unit, the manufacturing of Mustard Oil , the business of making papad, legume making, samosa making machine, pani puri making machine, masala grinding unit, potato or banana chip making unit, garlic or ginger paste making unit, soybean paneer making unit , wheat-millet porridge, unit for making Maida Atta , credits are given for confectionery works e.g. B. for the production of Ladoo Barfi, for the production of Rasgulla, for the establishment of a honey business, for a plant for the production of jam from Amla.

Here are the terms of the program

District Industries Extension Officer Baldev Arya shared information and said the application could be made at the District Industries Center near the government’s nearest ITI or contacted on mobile number 9996023373. He said that the applicant’s age should be at least 18 years old and the educational level should be at least eighth. Applicant’s Aadhaar card and PAN card, one passport photograph, copy of bank account (with IFSC code and account number), bank statement within the last 6 months, valid proof of location for establishment (land register, lease agreement, utility bill, copy of A copy of Telephone bill no more than a month old, copy of water bill or copy of rental agreement must be attached Knowing the name of the machine in relation to the line of business you wish to set up and the approximate cost.