PMFME Scheme crosses 2 lakh credit-linked beneficiaries
Union Minister Chirag Paswan marked loan sanctions to over 2 lakh micro food processing enterprises under the PMFME Scheme at an event in New Delhi on 11 July 2026.
Summary
The PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme crossed 2 lakh credit-linked loan sanctions, a milestone marked by Food Processing Minister Chirag Paswan at an event in New Delhi on 11 July 2026. The sanctions have leveraged project investments of over ₹20,300 crore; about 90% of beneficiaries are first-generation entrepreneurs, 44% are women, and the scheme has generated nearly 11 lakh direct and indirect jobs. Background: PMFME was launched on 29 June 2020 under the Atmanirbhar Bharat Abhiyan as a centrally sponsored scheme with an outlay of ₹10,000 crore, following the One District One Product (ODOP) approach; costs are shared 60:40 between the Centre and states, 90:10 with North Eastern and Himalayan states, and fully by the Centre for UTs without a legislature.
Key facts
- Milestone
- Over 2 lakh credit-linked loan sanctions (11 July 2026, New Delhi)
- Investment leveraged
- Over ₹20,300 crore
- Beneficiaries
- ~90% first-generation; 44% women
- Jobs
- Nearly 11 lakh direct and indirect
- 2nd lakh beneficiary
- Inderjeet Singh, Ranchi (Jharkhand)
- Launched
- 29 June 2020, under Atmanirbhar Bharat Abhiyan
- Outlay / type
- ₹10,000 crore; centrally sponsored; ODOP approach
- Funding share
- 60:40 Centre–states; 90:10 NE & Himalayan states; 100% Centre for UTs without legislature
Practice MCQs 3 questions
The PMFME Scheme, which crossed 2 lakh credit-linked beneficiaries in July 2026, is implemented by which ministry?
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Correct answer: A — Ministry of Food Processing Industries
Food Processing Industries Minister Chirag Paswan presided over the event; the scheme is run by the Ministry of Food Processing Industries (MoFPI).
What share of PMFME beneficiaries are women entrepreneurs, as reported on 11 July 2026?
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Correct answer: C — About 44%
Nearly 44 percent of PMFME beneficiaries are women entrepreneurs. (77% is the share of women among the 1.76 lakh trained beneficiaries.)
Consider the following statements about the PMFME Scheme: 1. It was launched on 29 June 2020 as part of the Atmanirbhar Bharat Abhiyan. 2. It is a central sector scheme fully funded by the Centre in all states. 3. It follows the One District One Product (ODOP) approach with an outlay of ₹10,000 crore. Which of the statements given above are correct?
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Correct answer: B — 1 and 3 only
Statements 1 and 3 are correct. Statement 2 is wrong: PMFME is a centrally sponsored scheme; costs are shared 60:40 with states (90:10 with North Eastern and Himalayan states).