(The Gist of PIB) Production Linked Incentive Scheme for the Food Processing Industry
(THE GIST OF PIB) Production Linked Incentive Scheme for the Food Processing Industry
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).
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.