Get Rs. 3 Lakhs to Start Your Food Business: Karan Lohiaa Shows You How!

Do you know that the government is offering an opportunity to get Rs. 3 lakhs to begin your business? Karan Lohiaa, a famous finance expert, has recently highlighted this interesting opportunity in one of his videos. He also explains how to get the money from the bank by following a few simple steps.

The story of Karan's Friend

Karan shared the story of his friend who left his high-paying job to start a food business. But, due to lack of funds, he struggled to get bank loans and was about to return to his work. Then Karan told him about the Prime Minister Micro Food Processing Enterprises Formalization (PMFME) Scheme.

The PMFME Scheme

Under this scheme, the government gives a loan of Rs 10 lakh to start a food processing business. The scheme includes a 35% subsidy, which means you get 3 lakhs for free! Furthermore, the government covers 90% of the business costs.

Benefits of PMFME

The PMFME scheme aims to help small food processing units in India by offering technical, commercial, and financial support. It aims to help various organizations such as Farmer Producer Organizations (FPOs), Self Help Groups (SHGs), existing micro food processing enterprises, and cooperatives.

The scheme provides:

• Branding and Marketing: Supporting businesses in developing strong brands and reaching more customers.
• Packaging Facilities: Supplying resources to improve product packaging.
• Training: Giving opportunities to improve skills and knowledge.
• Credit-Linked Subsidies: Financial assistance for upgrading businesses.

Budget and Focus

The PMFME scheme has a budget of Rs. 10,000 crore, running from 2020 to 2025. It aims to:

• Increase competition.
• Improve access to credit.
• Integrate enterprises through coordinated supply networks.
• The scheme takes the One District, One Product (ODOP) strategy, promoting specific food items in different districts while helping companies move to a formal framework.

View this post on Instagram

A post shared by Karan Lohiaa Finance (@karanlohiaafinance)

How to Apply

To take advantage of this fantastic scheme, go to the official PMFME website and complete the form. It's simple and can be the first step toward establishing a successful food processing business.

Start your journey today and make your business dreams come true with the back of the PMFME scheme!