UPSC Articles
Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)
Part of: GS Prelims and GS-III – Economy
In news
- The Ministry of Food Processing Industries (MoFPI) has launched an online portal for ‘Production Linked Incentive Scheme for Food Processing Industry’(PLISFPI).
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
