Ministry of Food Processing Industries
Incentives under Production Linked Incentive Scheme for Food Processing Industry
Posted On:
12 DEC 2023 2:51PM by PIB Delhi
The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) was approved by the Cabinet on 31st March 2021, with an outlay of Rs. 10,900 crores, to be implemented from FY 2021-22 to FY 2026-27. The scheme consists of three components: incentivizing manufacturing in four food product segments (Ready to Cook/ Ready to Eat foods; Processed Fruits & Vegetables; Marine Products; and Mozzarella Cheese), promoting Innovative/Organic products of SMEs, and incentivising branding and marketing abroad for promoting Indian brands in the global market. Additionally, the PLI Scheme for promoting Millet-based Products was launched in the FY 2022-23 with an outlay of ₹800 crore, utilizing the scheme’s savings.
The PLI beneficiaries have reported investment of ₹7,126 crore under the scheme, with sales of ₹49,825 crore upto April-September 2023. According to scheme guidelines, the PLI beneficiaries are required to furnish incentive claims for a specific financial year by 31st December of the following financial year. The disbursement status of incentives for FY 2021-22 is as follows:
|
Segment
|
Incentive Disbursed
(₹ Crore)
|
|
Processed Fruits & Vegetables
|
137.71
|
|
Ready to Cook/ Ready to Eat
|
362.35
|
|
Marine Products
|
72.31
|
|
Mozzarella Cheese
|
8.91
|
|
Organic Products
|
3.02
|
|
Total
|
584.30
|
During the formulation of PLISFPI, proactive steps were taken to align it with global best practices and market demands. The process involved active engagement with various stakeholders, including industry experts, large-scale manufacturers and SMEs, etc. An extensive consultative approach was adopted to gather inputs while formulating the scheme guidelines. This collaborative effort is continuing in form of regular engagements with the stakeholders for ensuring continued relevance and effectiveness of the scheme guidelines.
The scheme aims to generate employment for approximately 2.5 lakh persons. As of 30th September 2023, Quarterly Review Reports from PLI beneficiaries indicate the creation of employment for 2,37,335 persons.
This information was given by Union Minister for Food Processing Industries Shri Pashupati Kumar Paras in a written reply in the Lok Sabha today.
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