🏭 Production Linked Incentive Scheme for Food Processing Industry (PLISFPI): A Transformative Boost for India's Food Sector
📌 Introduction
🎯 Objectives of the Scheme
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Support Indian brands in the international market.
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Enhance processing capabilities and reduce wastage of perishable agricultural produce.
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Create global food champions out of Indian companies.
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Generate employment, particularly in rural areas.
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Encourage investment in the food processing sector.
💰 Financial Outlay
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Total Outlay: ₹10,900 crore
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Scheme Duration: 2021-22 to 2026-27 (6 years)
🧱 Key Components of PLISFPI
1. ✅ Incentives Based on Sales and Investment
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Financial incentives are provided based on incremental sales and investment made by the companies.
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Incentive is calculated as a percentage of the increase in net sales over a base year.
2. 🧑🌾 Support for SME (Small and Medium Enterprises)
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Dedicated support for branding and marketing abroad.
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Emphasis on innovative and organic products.
3. 🏭 Focus Product Segments
The scheme focuses on four major segments:
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Ready-to-eat/Ready-to-cook (RTE/RTC) products
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Processed fruits and vegetables
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Marine products
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Mozzarella cheese
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Innovative/organic products of SMEs
🏢 Eligible Sectors and Enterprises
📌 Large Enterprises:
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Indian companies with significant turnover and potential for export.
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Must commit to a minimum investment in plant and machinery.
📌 SMEs and Startups:
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Must be involved in production of innovative or organic food products.
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Priority is given to units in aspirational districts, rural areas, and Tier-II/Tier-III cities.
🧾 Eligibility Criteria
Criteria | Requirement |
---|---|
Incorporation | Indian company or LLP |
Product Category | Must fall under approved food segments |
Sales Base Year | FY 2019-20 |
Minimum Investment | Varies for different product segments |
🌍 Incentives for Branding & Marketing Abroad
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Reimbursement of 50% of expenses for international branding, subject to limits.
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Encourages global visibility of Indian brands.
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Support for participation in trade fairs, exhibitions, and marketing campaigns
📈 Expected Outcomes
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Creation of 2.5 lakh jobs in the next five years.
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Investment of over ₹6,000 crore by companies.
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Sales and exports worth over ₹30,000 crore.
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Development of robust infrastructure for food processing.
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Improved income for farmers through better market linkages and reduced wastage.
🏅 Companies Already Approved Under the Scheme
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Major food companies like Nestle India, ITC, Amul, Haldiram’s, Parle Agro, Britannia, and others have been selected.
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As of 2023, over 60 large companies and 100+ SMEs have been approved for benefits.
📌 Implementation and Monitoring
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MoFPI is the nodal ministry for implementation.
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Regular monitoring through Project Management Agencies (PMAs).
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Companies must provide annual performance reports to continue receiving incentives.
✅ Conclusion
The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) is a significant step toward transforming India's food processing sector into a globally competitive industry. By incentivizing innovation, encouraging export-oriented production, and supporting MSMEs, the scheme not only boosts economic growth but also enhances rural livelihoods and agricultural income. With proper execution, India can emerge as a global food manufacturing powerhouse in the coming decade.
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