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IND Micro Food Processing Enterprises (PMFME)

PMFME-linked term finance for formalising and upgrading micro food-processing businesses, with credit-linked subsidy and group infrastructure grants.

Interest rateMCLR 1-year + 1.90% for limits up to ₹1 crore; above ₹1 crore based on internal ratingMaximum amountNo universal loan maximum is published; term finance is need-based and subsidy/grant ceilings are ₹10 lakh for eligible individual units and ₹3 crore for common infrastructure.TenureTerm-loan repayment up to 15 years; final structure follows project life and cash flows.
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Quick eligibility check

IND Micro Food Processing Enterprises (PMFME)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: the enterprise/group must meet PMFME target and project-appraisal requirements?

Published source: Minimum income

2Do you meet this requirement: Existing or new individual micro food-processing enterprises and groups such as SHGs, FPOs and cooperatives upgrading or formalising food-processing activities?

Published source: Eligibility

3Do you meet this requirement: subsidy is 35% subject to published ceilings and operating conditions?

Published source: Eligibility

4Can you provide this required proof: Project/upgrade plan, enterprise or group KYC, machinery and premises records, financial statements, subsidy and security/CGTMSE documents?

Published source: Required documents

5Do you meet this requirement: The scheme supports existing and new individual micro food-processing enterprises and groups such as SHGs, FPOs and cooperatives for upgrading and formalisation?

6Document checkDo you have this required document or proof: Project and upgrade plan?

Published source: Required documents

7Document checkDo you have this required document or proof: Enterprise/group constitution and KYC?

Published source: Required documents

8Document checkDo you have this required document or proof: Machinery, premises and cost records?

Published source: Required documents

9Document checkDo you have this required document or proof: Financial statements and bank records?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeTerm loan; need-based working capital may be financed under other schemes.View source
The official facility row lists term loan and notes working-capital finance under other schemes.
Source
IND Micro Food Processing Enterprises — PMFME
Page / section
Type of Facility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateMCLR 1-year + 1.90% for limits up to ₹1 crore; above ₹1 crore based on internal ratingEffective 8 May 2025View source
Limits up to Rs.2 Lakhs, above Rs.2 Lakhs to Rs.10 Lakhs and above Rs.10 Lakhs to less than Rs.1.00 Crore: 1 Yr + 1.90%; limits above Rs.1.00 Crore: Based on Internal rating.
Source
Interest Rate for Agri Products and Interest Rate Range
Page / section
Page 2 table — IND Micro Food Processing Enterprises (PMFME)
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Maximum amountNo universal loan maximum is published; term finance is need-based and subsidy/grant ceilings are ₹10 lakh for eligible individual units and ₹3 crore for common infrastructure.View source
The page publishes subsidy/grant ceilings but no loan ceiling.
Source
PMFME quantum and subsidy
Page / section
Facility; Subsidy / Grant
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureTerm-loan repayment up to 15 years; final structure follows project life and cash flows.View source
The official repayment section publishes 15 years and possible cash-flow structures.
Source
PMFME repayment
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeAs per the service-charge circular for agricultural advances; no product-specific amount is printed.View source
The page refers to the agriculture service-charge circular.
Source
PMFME fee review
Page / section
Processing Charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityExisting or new individual micro food-processing enterprises and groups such as SHGs, FPOs and cooperatives upgrading or formalising food-processing activities; subsidy is 35% subject to published ceilings and operating conditions.View source
The official target-group and subsidy sections define applicants, 35% assistance and the operating-condition adjustment.
Source
PMFME eligibility and subsidy
Page / section
Target Group; Subsidy / Grant
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsProject/upgrade plan, enterprise or group KYC, machinery and premises records, financial statements, subsidy and security/CGTMSE documents.View source
The official criteria identify project, margin, security and subsidy records needed for appraisal.
Source
PMFME documentation
Page / section
Facility; margins; security; subsidy
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term loan eligible for PMFME subsidy
  • Minimum margin 10%
  • Term-loan repayment up to 15 years
  • 35% subsidy up to ₹10 lakh for eligible existing micro units
  • 35% capital grant for //cooperatives and up to ₹3 crore for common infrastructure

Eligibility

  • The scheme supports existing and new individual micro food-processing enterprises and groups such as , and cooperatives for upgrading and formalisation.
  • Subsidy is adjusted against the loan when the account is standard and the unit operational after three years, or the grant is adjusted against repayment.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Project and upgrade plan
  • Enterprise/group constitution and
  • Machinery, premises and cost records
  • Financial statements and bank records
  • Subsidy, security and documents

Related official documents

Interest Rate for Agri Products and Interest Rate Rangeofficial-pdf · current-linked-rate-card · accessed 10 Sept 2026
↗
Interest Rates for Agri Products and Interest Rate Range — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗
Benchmark Lending Rates wef 03.09.2026official-pdf · current · accessed 10 Sept 2026
↗
IND Micro Food Processing Enterprises (PMFME) — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Target group · Published detailIndividual micro food-processing units; , and cooperatives.

This value is copied from IND Micro Food Processing Enterprises (PMFME) — published terms. Check the table notes before relying on it.

Source: IND Micro Food Processing Enterprises — PMFME · Complete product criteria Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsIND Micro Food Processing Enterprises (PMFME) — published termsCurrent Indian Bank PMFME finance, subsidy and security terms.View tableHide table

Scroll sideways to view every column

IND Micro Food Processing Enterprises (PMFME) — published terms
ParameterPublished detail
Target groupIndividual micro food-processing units; , and cooperatives.
FacilityTerm loan eligible for subsidy; need-based working capital under other schemes.
MarginMinimum 10%.
RepaymentUp to 15 years; project-life/cash-flow, bullet or structure.
Rate/feeRefer Lending Rates and agriculture service-charge circular; no single product number printed.
SecurityHypothecation; collateral nil up to ₹20 lakh, collateral above; guarantee as required; available.
Subsidy35% up to ₹10 lakh for eligible existing micro units; 35% capital grant for groups; up to ₹3 crore common-infrastructure grant.
AdjustmentSubsidy adjusted after three years if account standard and unit operational, or against repayment.
IND Micro Food Processing Enterprises — PMFME · Complete product criteria · accessed 31 Aug 2026Open official source ↗
Table 2 · 34 rows · 2 columnsInterest Rate for Agri ProductsView tableHide table

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Interest Rate for Agri Products
Product or amount bandInterest Rate / Range
Kisan Credit Card — up to ₹3 lakh; Animal Husbandry/Fisheries up to ₹2 lakh within overall ₹3 lakh7%
Kisan Credit Card — up to ₹3 lakh 1-year + 2.50%
Kisan Credit Card — above ₹3 lakh to ₹10 lakh 1-year + 2.75%
Kisan Credit Card — above ₹10 lakh and below ₹100 lakh 1-year + 3.00%
Animal Husbandry/Fisheries above ₹2 lakhCard rate linked to applies
Working Capital and Term Loan — up to ₹3 lakh 1-year + 2.50%
Working Capital and Term Loan — above ₹3 lakh to ₹10 lakh 1-year + 2.75%
Working Capital and Term Loan — above ₹10 lakh and below ₹100 lakh 1-year + 3.00%
Working Capital and Term Loan — ₹100 lakh and aboveBased on internal rating
IB Kisan Mitra Producers Loan — below ₹1 crore 1-year + 1.00%
IB Kisan Mitra Producers Loan — above ₹1 croreBased on internal rating
NRLM term loan/cash credit — balance up to ₹3 lakh7%
NRLM term loan/cash credit — above ₹3 lakh to ₹5 lakh1-year
NRLM term loan/cash credit — above ₹5 lakh1-year + applicable spread
Joint Liability Groups — term loan and working capital1-year + applicable spread
Agri Jewel Loan — limits up to ₹35 lakh1-year + applicable spread
Gold Plus / Marine Gold Plus — limits up to ₹25 lakh1-year + applicable spread
Food and Agro Processing — up to ₹2 lakh 1-year + 1.35%
Food and Agro Processing — above ₹2 lakh to ₹10 lakh 1-year + 2.00%
Food and Agro Processing — above ₹10 lakh to ₹100 lakh 1-year + 2.40%
Food and Agro Processing — above ₹100 lakh; accounts with coverage up to ₹2 croreBased on internal rating
IB Star Agro Mills — limits below ₹1 crore 1-year + 1.60%
IB Star Agro Mills — limits ₹1 crore and aboveBased on internal rating
IND Kisan Saur Shakti (-KUSUM) — up to ₹25 lakh 1-year + 1.65%
IND Kisan Saur Shakti (-KUSUM) — above ₹25 lakh to ₹1 crore 1-year + 1.90%
IND Kisan Saur Shakti (-KUSUM) — above ₹1 croreBased on internal rating
IND Krishi Infra Fund 1-year + 1.00%, subject to maximum 9.00%
IND Pashudhan Mitra () — accounts within ceilingsRepo + 4.70%
IND Pashudhan Mitra () — accounts outside ceilingsBased on internal rating
IND Micro Food Processing Enterprises (PMFME) — up to ₹2 lakh 1-year + 1.90%
IND Micro Food Processing Enterprises (PMFME) — above ₹2 lakh to ₹10 lakh 1-year + 1.90%
IND Micro Food Processing Enterprises (PMFME) — above ₹10 lakh and below ₹1 crore 1-year + 1.90%
IND Micro Food Processing Enterprises (PMFME) — above ₹1 crore; coverage up to ₹2 croreBased on internal rating
IND Krishi Vaahan12.00% fixed
  • The states these are general card rates; state, scheme, product and rating-specific rates may differ. Animal Husbandry/Fisheries above ₹2 lakh uses the -linked card rate.
Interest Rate for Agri Products and Interest Rate Range · Pages 1–2 · accessed 10 Sept 2026Open official source ↗
Table 3 · 4 rows · 5 columnsInterest Rate Range of Agricultural Loans Contracted/Sanctioned during Previous Quarter (March 2026)View tableHide table

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Interest Rate Range of Agricultural Loans Contracted/Sanctioned during Previous Quarter (March 2026)
Sl. No.SegmentMinimum (%)Maximum (%)Mean (%)
1Jewel Loan8.758.808.75
27.0011.7511.27
37.0013.759.58
4Investment Credit7.2515.209.08
  • This is a historical contracted/sanctioned range for March 2026, not a guaranteed quote for a new applicant.
Interest Rate for Agri Products and Interest Rate Range · Page 2 — Interest Rate Range · accessed 10 Sept 2026Open official source ↗
Table 4 · 13 rows · 4 columnsBenchmark rates effective 03.09.2026View tableHide table

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Benchmark rates effective 03.09.2026
Benchmark groupTenor / benchmarkExisting rate (%)Revised/current rate (%)
Overnight7.907.90
1 month8.208.20
3 months8.508.50
6 months8.758.75
1 year8.858.85
TBLR≤3 months5.305.25
TBLR>3 months and ≤6 months5.505.55
TBLR>6 months and ≤1 year5.655.70
TBLR>1 year and ≤3 years5.655.70
Base RateBase Rate9.55
Benchmark Prime Lending Rate13.80
Repo-linkedPolicy Repo Rate5.25
Repo-linkedRBLR7.95
  • The says the benchmark rates apply from 03.09.2026 until the next review. The current indicative all-in rates in the product facts are transparent arithmetic, not issuer quotes.
Benchmark Lending Rates wef 03.09.2026 · Page 1 — , TBLR, Base Rate, and repo-linked benchmarks · accessed 10 Sept 2026Open official source ↗

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