Business StandardCenter·
PMFME scheme likely to get extension after hitting 200,000 unit target
The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, which has achieved its target of sanctioning two lakh units, is likely to be extended beyond its current temporary deadline of September 30, either in its present form or with revisions. The Ministry of Food Processing Industries (MoFPI) has submitted a proposal to continue the central scheme for five more years (2026-31), aligning with the 16th Finance Commission period. The proposal seeks to raise the credit…
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