Lakhanpur among first towns selected under PM SVANidhi 'Street Food Hub' Plan: MoS (See 'Corp Brief') Paswan hails PMFME Scheme's landmark achievement of 2 lakh Credit-Linked Beneficiaries (See 'Corp Brief') IPR - If on visual comparison, rival medicinal marks are strikingly similar in essential features, overall get up and packaging, and where trade channels and consumer base are common, likelihood of deception is sufficient to justify interim injunction: HC (See 'Legal Desk') 500 officials participate in inaugural webinar on Anemia and Adolescent Health (See 'Corp Brief') IPR - Purpose of summary judgment in commercial suits is to ensure time-bound disposal and that trial is not default norm: HC (See 'Legal Desk') Ministry of Textiles to organise 'Weave The Future 4.0 - Upcycling Edition' at Dilli Haat (See 'Corp Brief') Nadda chairs Steering Group Meeting of Ayushman Bharat Digital Mission (See 'Corp Brief') DoP and TRAI to conduct Village-Level Telecom Network Performance Survey (See 'Corp Brief') Department of Commerce reviews Andhra FCV Tobacco Marketing Season 2025-26 (See 'Corp Brief') Minister inaugurates Centre of Excellence on Human-Wildlife Conflict at WII-SACON (See 'Corp Brief') ITADCs to emerge as one-stop growth hubs for Textile Entrepreneurs: Giriraj Singh (See 'Corp Brief') NMCG's focus on Nature Based Solutions: Initiation of two pilot projects and training programs on NbS (See 'Corp Brief') IPR - For purposes of Sec 57 of Trade Marks Act, foreign proprietor may succeed in rectification by proving that its mark had acquired actionable recognition, even without formal commercial launch or direct sales: HC (See 'Legal Desk') Insurance Division, DFS, secures 2nd Rank in Group A Category Grievance Redressal Assessment (See 'Corp Brief') Standing Committee of National Board for Wildlife reviews progress on Key Conservation Initiatives (See 'Corp Brief') BharatNet-enabled integrated phygital service delivery model secures global honour (See 'Corp Brief') IBC - Demand notice in Form B under Rule 7(1) of Personal Guarantor Rules is only procedural requirement prior to filing and does not amount to invocation of guarantee: NCLT (See 'Legal Desk') Shivraj Singh Chouhan, Taliban minister discuss agricultural ties (See 'Corp Brief') Union Ministry Launches Integrated Training for Primary Healthcare Teams (See 'Corp Brief') Advancing Women's Leadership at Grassroots, held as part of BRICS Women Ministerial Meeting in Kochi (See 'Corp Brief') SARFAESI - Borrowers who fail to timely invoke MSME framework are precluded from seeking its protection at belated stage after SARFAESI proceedings have commenced: HC (See 'Legal Desk') Bhubaneswar Declaration charts roadmap to transform Tribal Research Institutes into centres of excellence (See 'Corp Brief') TEC signs MoU with BECIL to strengthen Telecom and Broadcasting Ecosystem (See 'Corp Brief') NLDSL and Punjab sign MoU to strengthen Digital Logistics Ecosystem (See 'Corp Brief') Competition Act - OP entered into anti-competitive agreements & abused its dominant position by imposing unfair & restrictive conditions on participants in its beauty pageant, in contravention of Sections 3 & 4 - D-G to probe matter: CCI (See 'Legal Desk') Kamarajar Port becomes India's Second Major Port with 18-Metre Draft Capability (See 'Corp Brief') Large-Scale Infrastructure Expansion opens up Opportunities for Budding Engineers (See 'Corp Brief') CCI okays merger of 51 Malabar Group's companies into Malabar Gold and Diamonds Ltd (See 'Corp Brief') IBC - Delayed creation of security cannot be treated as transaction in normal course of business: NCLAT (See 'Legal Desk') CCI approves acquisition of equity in Sorting Hat Technologies and merger into upGrad Education (See 'Corp Brief') Atal Innovation Mission Strengthens Eastern India Innovation Ecosystem (See 'Corp Brief') Giriraj Singh to inaugurate 'Indie Haat 2026' (See 'Corp Brief') IBC - Rent Tribunal lacks jurisdiction in cases involving entities undergoing CIRP, per Sections 60(5)(c) & 238 of IBC, which confer exclusive jurisdiction upon the Adjudicating Authority in CIRP matters: NCLT (See 'Legal Desk') Labour Ministry translates objectives of Labour Codes to provide timely relief to workers (See 'Corp Brief') Trade Marks - Mark KREOFLAT is distinctively similar to existing mark of PANKREOFLAT where former copies essential & distinctive features of latter, thereby making the former visually, phonetically & deceptively similar: HC (See 'Legal Desk') CAQM reports 62 air pollution violations across NCR in 17 days; proposes closure of four units (See 'Corp Brief') Utsav & Chintan Shivir 2026 to focus on institutional reforms for a technology-driven, and citizen-centric legal ecosystem (See 'Corp Brief') Sukesh Chandrashekhar con saga - co-accused gets bail - stringent conditions of Section 45 of PMLA can be relaxed for women, more so considering extraordinary circumstances: HC (See 'Legal Desk') Govt raises onion procurement price by 13% to Rs.2,125 per quintal (See 'Corp Brief') India's last 12 years have been a progression from shortages to building Viksit Bharat: RM (See 'Corp Brief') SARFAESI - Writ jurisdiction under Article 226 should ordinarily not be exercised where efficacious alternative remedy exists, particularly in matters arising under the SARFAESI Act: HC (See 'Legal Desk') India's youth will power AI, robotics with Made in India chips: PM (See 'Corp Brief') Competition Act - Allegations relating to use of private vehicles without commercial permits, non-compliance with Motor Vehicles Act, opaque GST & STA tax practices, & related issues fall outside scope of Competition Act: CCI (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT')

Print

Paswan hails PMFME Scheme's landmark achievement of 2 lakh Credit-Linked Beneficiaries

Published: Jul 13, 2026

By TIOLCorplaws News Service

NEW DELHI, JULY 13, 2026: THE Union Minister for Food Processing Industries, Chirag Paswan, saturday 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 two 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 such as Udyam Aadhaar, Udyam Assist, FSSAI and GST. The Scheme has generated nearly 11 lakh direct and indirect employment opportunities.

The programme was attended by the senior officers of the Ministry of Food Processing Industries, along with representatives from State Governments, partner Ministries, banking institutions, development partners, entrepreneurs, and members of Self-Help Groups and Farmer Producer Organisations.

The event featured the release of key publications highlighting the achievements of the Scheme, the sharing of success stories by entrepreneurs, and interactions between the Minister and PMFME beneficiaries whose enterprises reflect the Scheme's impact on the ground.

In his welcome address, Devesh Deval, Joint Secretary, MoFPI, while announcing the launch of a nationwide multimedia awareness campaign, conveyed the importance of PMFME Scheme that provides the end to end support to the micro food processing entrepreneurs starting from the financial assistance, training, handholding, branding and marketing to the market linkage. He noted that "PMFME is not merely supporting enterprises - it is transforming livelihoods, strengthening local value chains and creating sustainable employment opportunities across the country."

Delivering the address on behalf of the Ministry, A. P. Das Joshi, Secretary, MoFPI, described the milestone as reflecting "the emergence of a stronger ecosystem for micro food processing sector in India," noting that PMFME combines finance, formalisation, technology, capacity building and market access into an integrated approach for enterprise development. He spoke of the Scheme's network of District Resource Persons (DRPs), describing their work as reflecting "the successful convergence of Digital India and Ease of Doing Business at the grassroots level."

Officials also highlighted the Scheme's One District One Product (ODOP) approach and its support for 40 common brands covering nearly 200 products, through which PMFME is building local value chains around products such as Makhana, millets, spices and GI-tagged products across the country.

Addressing the gathering, Chirag Paswan said the achievement of two lakh beneficiaries "demonstrates that this vision is translating into measurable outcomes across the country," describing the participation of women entrepreneurs, at nearly 44 percent of all beneficiaries, as "the true spirit of women-led development, a cornerstone of Viksit Bharat."

The Minister commended the performance of leading States including Bihar, Maharashtra, Uttar Pradesh, Tamil Nadu and Madhya Pradesh. He stated that the milestone "is therefore not merely a milestone to celebrate; it is a strong foundation upon which we will build the next phase of India's food processing growth story," and expressed appreciation to State Governments, district administrations and field functionaries for transforming "a national policy into a grassroots movement for enterprise development."

The Minister also highlighted the Scheme's Seed Capital support, under which more than 4.18 lakh Self Help Group members have been supported and the Ministry's network of 80 Common Incubation Centres approved across 27 States/UTs, of which 32 have been commissioned. More than 1.76 lakh beneficiaries have been trained under the Scheme, of whom 77 percent are women.  During the event, Minister also felicitated the 2 nd lakh beneficiary Inderjeet Singh from Ranchi, Jharkhand and handed over the sanction letter as well as certificate.

The achievement of over two lakh credit-linked benefciaries marks a significant milestone in the Government of India's efforts to formalise and strengthen the micro food processing sector, and reaffirms the Ministry's continued commitment to enterprise-led development under the vision of Aatmanirbhar Bharat and Viksit Bharat @2047.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.