PMFME Loan Apply Online By Govt Gyan: Process, Eligibility and Documents

PMFME Loan Apply Online: Hello friends, today we are going to tell you about a scheme which can provide you financial assistance for starting your business. If you are also thinking of starting your own business and are looking for a large amount of financial assistance, then you will be happy to know that the Government of India has started a scheme by which you can start your business strongly and Can proceed further. Let us tell you that the name of this scheme is “PMFME Scheme”. Under this, you can get a loan of Rs 10 lakh for your business. Apart from this, you will also get 35% subsidy on this loan. If you also want to take a loan through this scheme, then in this article we will tell you the process of PMFME loan apply online and complete information about this scheme. And at the end of the article, quick links have also been provided from where you can apply online directly.

PMFME Loan Apply Online 2024

Let us tell you that the full name of PMFME Scheme is “Prime Minister Formalization of Micro Food Processing Enterprises Scheme”. Which is a scheme run by the Government of India, under which financial assistance is provided in the form of loan to people doing business or starting a business. Under this scheme, loan is provided directly to the applicant in the bank under One District One Product. Under this scheme, a loan of up to Rs 10 lakh is provided to the businessmen and a subsidy of 35% is also provided on it by the Central Government. This scheme can be very beneficial for you, its detailed information is given in this article from where you can avail the benefits of PMFME scheme. So you are till the end of this article.

Purpose of PMFME Scheme

The main objective of this scheme is to provide financial assistance to small industries of the country so that they can grow their business strongly.

Through this scheme, the aim is to empower small entrepreneurs and make them self-reliant.

The purpose of getting a loan through this scheme is not only to start a business, but its purpose is that our entrepreneurs become self-reliant, expert in their field and promote new employment opportunities.

This scheme provides financial assistance to those entrepreneurs who can fulfill their dreams with hard work and dedication.

Benefits and Features of PMFME Loan Scheme

Following are some of the benefits and features available under this scheme:

  • Benefit of subsidy: If the loan received from the bank under this scheme is up to Rs 10 lakh, then you will get the benefit of direct 35% subsidy. This is a unique opportunity that will help you advance the standards of your enterprise.
  • Training and Assistance: Adequate amount of training and assistance will be provided to young entrepreneurs under this scheme, so that they can take their enterprise to the heights of success.
  • Direct benefit to fertilizer enterprises: About ₹ 2 lakh will be provided direct benefit to micro fertilizer enterprises under this scheme, which will reduce the difficulties in their path of development.
  • Assistance in Food Processing: Financial assistance of ₹40,000 will be provided to all members of Self Help Groups engaged in food processing, which will help them purchase tools and equipment.
  • One District One Product: Under this scheme, young entrepreneurs will be provided loans from banks for setting up new industries, which will promote local products and provide new markets.
  • Under this scheme, loans are provided for 137 products in 713 districts of 35 states and union territories of the country.

Eligibility for PMFME Loan

The individual needs to have eligibility to avail loan under this scheme which is as follows:

  • Food processing units, small scale enterprises, FPOs, SHGs and producer cooperatives can apply for the PMFME scheme.
  • The applicant taking the loan must be a resident of India.
  • The age of the applicant should be above 18 years.
  • To take loan from this scheme, it is necessary to have at least 8th pass.
  • Only one person in the family will be allowed to take loan from this scheme.
PMFME Loan Apply Online: Process, Eligibility and Documents
PMFME Loan Apply Online: Homepage

Documents required for PMFME Loan Apply Online

The required documents to take loan under PMFME are as follows:

  1. PAN card
  2. bank passbook
  3. Aadhar card
  4. Address proof
  5. Bank statement
  6. passport size photo
  7. Mobile Number
  8. Identity Card

PMFME Scheme List

The schemes under PMFME are as follows:

  1. Branding and Marketing
  2. Common Infrastructure Development
  3. Seed Capital for SHGs
  4. Support to Food Processing Units
  5. Capacity Building and Research

Process to PMFME Loan Apply Online- Govt Gyan

Following is the step by step procedure to apply online for loan under PMFME scheme:

Step 1. Register yourself first on the portal
  • To apply online for PMFME loan, first go to the portal.
  • Applicant registration option will appear in the login buttonsection on the homepage, click on it.
  • After this, you will get the Sign Up button to create an account on the new page, click on it.
  • Now fill the registration form correctly and click submit.
  • After clicking, you will get ID and password which you should keep safe for further process.
PMFME Loan Apply Online: Process, Eligibility and Documents
PMFME Loan Apply Online: Registration form
Step 2. Login and fill the online application form
  • After successful registration login and fill the online application form.
  • Fill all the required information carefully and scan and upload the required documents.
  • Finally, after filling everything, click on Final Submit and get the receipt.
PMFME Loan Apply Online: Process, Eligibility and Documents
PMFME Loan Apply Online: Login Page

Quick Link

PMFME Loan Apply Click here 
Login  Click here 
Notification  Click here 

You can apply for PMFME loan in this way. After applying through this process, you will get the loan through this scheme directly in your bank.

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