Production Linked Incentive Scheme
GS PAPER III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Context: Ministry of Food Processing Industries issues guidelines for ‘Production Linked Incentive Scheme for the Food Processing Industry’
- As a part of of Aatmanirbhar Bharat Abhiyan, 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 crores.
- Aim: 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: Applicants are large entities who apply for Incentive based on Sales and Investment Criteria. 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.
Applicant for the Scheme shall be
(i) Proprietary Firm or Partnership Firm or Limited Liability Partnership (LLP) or a Company registered in India
(ii) Co-operatives; and
(iii) SME and making an application for seeking approval for coverage under the Scheme.
About PLI Scheme:
The PLI scheme seeks to make India a significant manufacturing destination and also log into the global supply chain.