India, July 11 -- The Government of India has issued a release:
New Delhi, 11 July 2026: The 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 suc...