fbpx

Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)

  • IASbaba
  • May 4, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)

Part of: GS Prelims and GS-III – Economy 

In news

Key takeaways 

  • 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.
  • Objective: 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 & Marketing activities abroad under the scheme from three categories of Applicants:
  • Category-I: 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 & Marketing activities abroad

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....