×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 02 April, 2021

  • 4 Min Read

PLI Scheme for Food Processing Industry

Union Cabinet has approved the PLI (Production Linked Incentive) Scheme for Food Processing Industry.

About PLI scheme for Food Processing Industry

  • The scheme will be implemented over a 6-year period from 2021-22 to 2026-27.
  • The scheme aims to support the creation of global food manufacturing champions according to the natural resources of India.

Objectives of the Scheme

  • PLI scheme will support food manufacturing organizations with stipulated minimum sales.
  • It will also support Indian brands of food products in the international markets with an outlay of Rs. 10900 crore.
  • It will increase employment opportunities and ensure good prices for farm produce and higher income to farmers.

Salient features of the PLI scheme for Food Processing Industry

  • First component of the scheme
    • It will incentivize the manufacturing of 4 major food product segments:
      • Marine Products,
      • Mozzarella Cheese
      • Processed Fruits & Vegetables
      • Ready to Cook/ Ready to Eat (RTC/ RTE) foods
    • Applicants will require investing in Plant & Machinery in the first two years.
    • The entities selected for making innovative/ organic products will be exempt from the Minimum Sales and mandated investment requirements.
  • 2nd component of the scheme
    • Under this component, support will be provided for branding and marketing abroad.
    • The entity will receive grants for in-store Branding, shelf space renting, and marketing.

Implementation of the scheme

  • Project Management Agency (PMA) will implement the scheme.
  • PMA will be responsible for verification of eligibility for support, scrutiny of claims eligible for disbursement of incentive.
  • The scheme is “fund-limited”, i.e. the amount restricts to the approved limit. This amount will not exceed even in case of outstanding performance.

Source: TH


What is Mission Indradhanush ?

Mission Indradhanush was launched in 2014 under the Ministry of Health and Family Welfare.  1. Between 2009 - 2013, only 1% coverage per year has increased. We have to make it to 5%. 2. Objectives of Mission Indradhanush: We have the aim of full coverage by 2020. Cover all those children who are either unvaccinated or are part

Mediation Bill 2021 - Detailed Overview

A Bill that could alter the Mediation landscape The background behind Mediation Bill:         In General, Disputes Became part and parcel of  Day-to-Day Life. Someone or the Other belonging to family or else not a part of the family would be fighting for something. These Disputes may be for Smaller or B

Military exercises of India

List of all Military Exercises of India 2021 Military Exercises of India with Neighbours Sampriti: India & Bangladesh Mitra Shakti: India & Sri Lanka Surya Kiran: India & Nepal Hand in Hand Exercise: India & China Ekuverin: India & Maldives Military Exercises of India with Other countries Maitree Exer

Consumer Protection Rules, 2021

Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021 1) Pecuniary Jurisdiction The Consumer Protection Act, 2019 The Consumer Protection Act, 2019 promulgates a three-tier quasi-judicial mechanism for redressal of consumer disputes namely district commissions, state

Swachh Bharat Mission (Urban) 2.0

The Swachh Bharat Mission - Urban (SBM-U), launched on 2nd October 2014 aims at making urban India free from open defecation and achieving 100% scientific management of municipal solid waste in 4,041 statutory towns in the country. The objectives of the mission are mentioned below: Elimination of open defecation Eradication of Manual S

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts