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Bank of Maharashtra PMFME Loan

Term-loan and cash-credit finance under PMFME for new or upgraded micro food-processing enterprises, with 35% subsidy subject to the published individual and non-individual caps.

Interest rateBank's applicable rate; the reviewed official scheme page does not publish a numerical rate.Maximum finance / project costNo universal loan cap; eligible non-individual project cost is limited to ₹10 crore. Subsidy is 35%, capped at ₹10 lakh for an individual unit or ₹3 crore for a non-individual.TenureUp to 10 years including six to 24 months' moratorium.
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Quick eligibility check

Bank of Maharashtra PMFME Loan

0 of 8 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.

1Does your annual income meet this requirement: No salary floor?

Published source: Eligibility / project basis

2Do you meet this requirement: Individuals, SHGs, FPOs and other eligible food-processing organizations may finance a new, expanded or upgraded micro enterprise?

Published source: Eligibility / project basis

3Do you meet this requirement: Individuals, SHGs, FPOs and other eligible food-processing organizations may apply?

4Do you meet this requirement: Non-individual eligible project cost is capped at ₹10 crore?

5Document checkDo you have this required document or proof: PMFME application?

Published source: Eligibility / project basis

6Document checkDo you have this required document or proof: KYC and entity constitution records?

Published source: Eligibility / project basis

7Document checkDo you have this required document or proof: Detailed project report and cost estimates?

Published source: Eligibility / project basis

8Document checkDo you have at least one of these required documents: Land or premises documents?

Published source: Eligibility / project basis
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
Offered byBank of Maharashtra

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 and cash credit for new, expanded or upgraded micro food-processing enterprises.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Objective; Nature of Facility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateBank's applicable rate; the reviewed official scheme page does not publish a numerical rate.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Complete page and current benchmark notice
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Complete page and schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Eligibility / project basisNo salary floor. Individuals, SHGs, FPOs and other eligible food-processing organizations may finance a new, expanded or upgraded micro enterprise.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Objective; Eligible
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum finance / project costNo universal loan cap; eligible non-individual project cost is limited to ₹10 crore. Subsidy is 35%, capped at ₹10 lakh for an individual unit or ₹3 crore for a non-individual.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Quantum; Subsidy
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 10 years including six to 24 months' moratorium.View source
Published product-page or tariff row reviewed in full.
Source
PMFME
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeTerm loan: nil up to ₹5 lakh, then 1% to ₹25 crore. Cash credit: nil up to ₹5 lakh, then 0.35% p.a.View source
Published product-page or tariff row reviewed in full.
Source
Service Charges
Page / section
pages 80-81
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / takeover chargeTerm loan: 2% when prepayment exceeds 25% of sanctioned limit. Cash credit: 2% only on takeover by another institution. MSEs exempt.View source
Published product-page or tariff row reviewed in full.
Source
Service Charges - All Credit
Page / section
Prepayment and takeover rows
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term loan and cash credit
  • New, expanded or upgraded micro food-processing enterprises
  • 35% subsidy
  • Up to 10 years including moratorium
  • Collateral-free route up to ₹10 lakh

Eligibility

  • Individuals, , and other eligible food-processing organizations may apply. Non-individual eligible project cost is capped at ₹10 crore.

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

Documents the bank lists

  • PMFME application
  • and entity constitution records
  • Detailed project report and cost estimates
  • Land or premises documents
  • Machinery quotations
  • Financial statements and projections
  • or documents where applicable
  • Subsidy eligibility evidence

Related official documents

MCLR and RLLR with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Pradhan Mantri Formalisation of Micro Food Processing Enterprises Schemeofficial-product-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Objective · Published detailSupport new or existing individual micro food-processing enterprises for setup, expansion or upgrade

This value is copied from PMFME - complete published table. Check the table notes before relying on it.

Source: PMFME · Complete table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 2 columnsPMFME - complete published tableView tableHide table

Scroll sideways to view every column

PMFME - complete published table
ParticularPublished detail
ObjectiveSupport new or existing individual micro food-processing enterprises for setup, expansion or upgrade
EligibleIndividuals, , and other eligible food-processing organizations
FacilityTerm loan and cash credit
QuantumNo universal loan minimum/maximum; non-individual eligible project cost not above ₹10 crore
SecurityNo collateral up to ₹10 lakh, often under /; above, financed assets hypothecated and immovable assets may be mortgaged
RepaymentUp to 10 years including six to 24 months' moratorium
As per bank guidelines
MarginMinimum 10% promoter contribution
Subsidy35% of project cost; maximum ₹10 lakh per individual unit and ₹3 crore for non-individuals
PMFME · Complete table · accessed 31 Aug 2026Open official source ↗

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