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
