Production Linked Incentive Scheme for the Food Processing Industry

• The Ministry of Food Processing Industries (MoFPI) has issued detailed operational scheme guidelines and has launched an online portal for ‘Production Linked Incentive Scheme for Food Processing Industry’(PLISFPI).

About:

• As a part of Prime Minister’s announcement of Aatmanirbhar Bharat Abhiyan, Government of India has approved a new Central Sector Scheme namely‘ Production Linked Incentive Scheme for Food Processing Industry’ for implementation during 2021-22 to 2026-27 with an outlay of Rs. 10,900 crore.

• Its objective is to 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.

• Ministry of Food Processing Industries is inviting applications for availing sales based incentives and grants for undertaking Branding and Marketing activities abroad under the scheme from three categories of Applicants:

• Category-I: Applicants are large entities who apply for Incentive based on Sales and Investment Criteria. Applicant under this category could undertake Branding & Marketing activities abroad also and apply for grant under the scheme with a common application.

• Category-II: SMEs Applicants manufacturing innovative/ organic products who apply for PLI Incentive based on Sales.

• Category-III: Applicants applying solely for grant for undertaking Branding and Marketing activities abroad.

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Mains Paper 3: Economy

Prelims level: Ministry of Food Processing Industries

Mains level: Production Linked Incentive Scheme for the Food Processing Industry

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