Cent PMFME Scheme

Purpose

-To build Capability of Micro Enterprise to enable;

i) Increased access to credit by existing micro food processing entrepreneurs,FPOs, SHGs, and Cooperatives

ii) Integration with organized supply chain by strengthening branding & marketing

iii) Support for transition of existing enterprises in to formal framework.

iv) Increased access to common services like common processing facility, laboratories, storage, packaging, marketing and incubation services

v) Strengthening of Institutions, Research and Training in the Food Processing Sector.

vi) Increased access for the enterprises, to professional and technical support.

Eligible Entities

-Individual Micro Enterprises, Farmer Producer Organization (FPOs) /Producers Cooperatives and SHGs

Nature of facility

* Term Loan/Cash Credit/OD Book Debts against receivables

Non Fund Based (NFB) Limits- Bank Guarantee(BG) 

Margin

Minimum 10%

Security

* Primary-Hypothecation of assets created out of bank's finance.
* Collateral
- No collateral for limit uptoRs  2.00Crore since advance will be covered under CGTMSE.
- For limits above Rs  2.00 Crore-Total value of collateral security should be at least 150% of the amount financed by Bank

Interest Rate

RBLR+2%

Processing Charges

* Upto Rs 3 Lakh/- : Nil .
* Above Rs 3 Lakh/-: @ 0.30%

Upfront Fee

* Upto Rs 3 Lakh/- : Nil .

* Above Rs 3 Lakh/-: 50% of 1.25%(i.e. 0.625%)

Repayment

* CC/OD- To be renewed every year.

* Term Loan- Max 6 years (including max moratorium of 6 months)