×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 02 April, 2021

  • 4 Min Read

PLI Scheme for Food Processing Industry

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 for farmers.

Salient features of the PLI scheme for the Food Processing Industry

  • The 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, and 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


World bank logistic performance index 2023

India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi

Smuggling of Gold

Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be

India-Thailand Relations

Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight

Translocation of Elephants

The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts