“Total investment to the tune of ₹9702 Crore has so far been reported under the Scheme, reportedly generating employment opportunities of 3.4 Lakh.”
In order 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, Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” was approved by Union Cabinet on 31.03.2021 with an outlay of ₹10,900 Crore. The Scheme is being implemented over a six-year period from 2021-22 to 2026-27.
The components of the Scheme are – Incentivizing manufacturing of four major food product segments viz. Ready to Cook/ Ready to Eat (RTC/RTE) foods including Millet based products, Processed Fruits & Vegetables, Marine Products and Mozzarella Cheese (Category I). The second component relates to production of Innovative / Organic products of SMEs (Category II). The third component related to support for branding and marketing abroad (Category III) to incentivize emergence of strong Indian brands for in-store Branding, shelf space renting and marketing. From the savings under PLISFPI, a component for Production Linked Incentives Scheme for Millet Based Products (PLISMBP) was also carved out from the scheme to encourage the use of Millets in RTC/RTE products and incentivizing them under the PLI Scheme to promote its production, value addition and sale.
A total of 170 proposals under different categories of Production Linked Incentive Scheme for Food Processing Sector (PLISFPI) are currently approved. Total investment to the tune of ₹9702 Crore has so far been reported under the Scheme, reportedly generating employment opportunities of 3.4 Lakh. Total incentives to the tune of ₹2162.553 Crore have so far been disbursed under 161 eligible cases.
Source: PIB
