Financing growth & transforming rural India.


Bank of Baroda, for rural India, with rural India.

Scheme for Financing Facility under PM Formalization of Micro Food Processing

Particulars Guidelines under the scheme
Purpose Finance for upgradation of existing Micro Food Processing enterprises under PM Formalization of Micro Food Processing Enterprises Scheme:
  • Increased access to credit by existing micro food processing entrepreneurs, FPOs, Self Help Groups (SHGs) and co-operatives.
  • Integration with organised supply chain by strengthening branding and marketing.
  • Increased access to common services like common processing facility, laboratories, and storage, packaging, marketing and incubation services.
  • Strengthening of institutions, research and training in the food processing sector.
  • Increased access for the enterprises, to professional and technical support.
Eligibility Existing micro food processing units, FPOS, self-help groups, producer’s co-operatives and co-operatives engaged in food processing.
Quantum of Loan Need based funding looking at the requirement of the project/borrower.
Nature of Facility Term loan and Working Capital in the form of Term Loan/Demand Loan/ Cash Credit/Bank Guarantee/Letter of Credit/BP/BD, Export Credit pre-shipment and post shipment.
Margin Minimum 10% of the project cost.
Repayment Period Working Capital: 12 months.
Term loan up to 84 months (including up to 12 months moratorium period) subject to annual review.
Rate of Interest Rate of interest ranging from BRLLR+SP+0.50% to BRLLR+SP+5% based on internal credit rating and immovable property security coverage (including both primary and collateral immovable properties).
(Present BRLLR: 6.85%)

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