PLI Scheme for the Food Processing Industry

Ministry of Food Processing Industries (MoFPI) has launched an online portal for ‘Production Linked Incentive Scheme for Food Processing Industry’ (PLISFPI). This Central Sector Scheme ‘PLISFPI’ will be implemented for the period from 2021-22 to 2026-27. It is a part of Prime Minister’s announcement of Aatmanirbhar Bharat Abhiyan.

Key Points

It will support creation of global food manufacturing champions commensurate with India's natural resource endowment and support Indian brands of food products in the international markets.
The scheme has two components,
1. It will provide sales based incentives for manufacturing of four major food product segments - Ready to Cook/ Eat (RTC/ RTE) foods, Processed Fruits &Vegetables, Marine Products, Mozzarella.
2. It will provide grants for undertaking Branding & Marketing activities abroad.

The sales based incentive would be paid from 2021-22 to 2026-27 on incremental sales over the base year. For the first 4 years, 5th & 6th years, base year would be 2019-20, 2021-22 & 2022-23 respectively.
Applicants will be extended grant @ 50% of expenditure on branding & marketing abroad subject to a maximum grant of 3% of Sales of food products or Rs 50 crore per year, whichever is less.

Beneficiaries

Applicants may be Proprietary Firm or Partnership Firm or Limited Liability Partnership (LLP) or a Company registered in India (or) Co-operatives (or) SME. They will apply only through online portal.
Category-I - Applicants are large entities who apply for Incentive based on Sales Exports, and Investment Criteria.
Category-II - SMEs Applicants manufacturing innovative/ organic products who apply for PLI Incentive based on Sales, their product uniqueness, level of product development etc.
Category-III - Applicants applying solely for grant for undertaking Branding & Marketing activities abroad, who will be selected based on the level of recognition of their Brand, sales, exports, etc.

Source: PIB

Join Our Telegram

Oceanic Anoxic Event 1a and MASS EXTINCTION

Oceanic Anoxic Event 1a and MASS EXTINCTION

25 Dec, 24
SHARE

Oceanic Anoxic Event 1a from the Paris Basin (Environment) Paper-3 PMP OAE 1a refers to a period during the Cretaceous Period (145 million years ago and ended 66 million years ago) when Earth's oceans became depleted of oxygen, causing a significant disruption in marine life. Cause: The event is believed to have been

Viksit Panchayat Karmayogi (Good governance)

26 Dec, 24
SHARE

Viksit Panchayat Karmayogi (Good governance) Governance GS PAPER-2 PMP Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative on Good Governance Day, celebrated to mark the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee. The initiative, which is part of the broader ‘Prashasan Gaon

Major programmes to control Air Pollution

23 Dec, 24
SHARE

Major programmes to control Air Pollution National Clean Air Programme? It was launched by the Ministry of Environment, Forests and Climate Change (MoEFCC) in January 2019. It is the first-ever effort in the country to frame a national framework for air quality management with a time-bound reduction target. The

Air pollution and Air quality Measures in India

21 Dec, 24
SHARE

Air pollution and Air quality Measures in India (Environment) GS Paper-3 P-M-P Air pollution may be defined as the presence of any solid, liquid or gaseous substance including noise and radioactive radiation in the atmosphere in such concentration that may be directly and/or indirectly injurious to humans or other l

Geopolitical Significance of Ports

20 Dec, 24
SHARE

Geopolitical Significance of Ports (IR) Act as geopolitical assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols