PLI(Production Linked Incentive) Scheme for Food Processing Industry – UPSC Prelims

PLI scheme for Food Processing Industry:
  • The scheme will be implemented over a six-year period from 2021-22 to 2026-27.
  • Aim: The scheme aims to support the creation of global food manufacturing champions according to the natural resources of India.
Objectives of the Scheme
  • PLI scheme will support food manufacturing org with stipulated minimum Sales.
  • Furthermore, It will support Indian brands of food products in the international markets with an outlay of Rs. 10900 crore.
  • Moreover, it will increase employment opportunities for nearly 2.5 lakh persons by the year 2026-27.
  • The scheme will ensure good prices for farm produce and higher income to farmers.
Salient features of the PLI scheme for Food Processing Industry
  • First component of the scheme
    • It will incentivize the manufacturing of four major food product segments:
      • Marine Products,
      • Mozzarella Cheese
      • Processed Fruits & Vegetables
      • Ready to Cook/ Ready to Eat (RTC/ RTE) foods
    • Selected applicants will require investing in Plant & Machinery in the first two years i.e. in 2021-22 & 2022-23.
    • The amount of Investment during 2020-21 will be counted for meeting investment requirements.
    • The entities selected for making innovative/ organic products will be exempt from the Minimum Sales and mandated investment requirements.
  • 2nd component of the scheme
    • Under this component, support will be provided for branding and marketing abroad.
    • The entity will receive grants for in-store Branding, shelf space renting, and marketing.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top