Union Minister Paswan Hails PMFME Scheme’s Landmark Achievement
he Union Minister for Food Processing Industries, Shri Chirag Paswan, today presided over a special event in New Delhi to celebrate achieving a historic milestone under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme — the sanction of loans to more than two lakh micro food processing enterprises.
While crossing 2 Lakh loan sanctions, the scheme has leveraged project investments of over Rs. 20,300 crores. Nearly 90 percent of beneficiaries are first-generation entrepreneurs and 44 percent are women entrepreneurs, while over 75,000 PMFME-supported enterprises have entered the formal economy through registrations such as Udyam Aadhaar, Udyam Assist, FSSAI and GST. The Scheme has generated nearly 11 lakh direct and indirect employment opportunities.
The programme was attended by the senior officers of the Ministry of Food Processing Industries, along with representatives from State Governments, partner Ministries, banking institutions, development partners, entrepreneurs, and members of Self-Help Groups and Farmer Producer Organisations.
Delivering the address on behalf of the Ministry, A. P. Das Joshi, Secretary, MoFPI, described the milestone as reflecting “the emergence of a stronger ecosystem for micro food processing sector in India,” noting that PMFME combines finance, formalisation, technology, capacity building and market access into an integrated approach for enterprise development. (UPDATED ON 11TH JULY 2026)
