The Ministry of Food Processing Industries (MoFPI) on December 12, 2023, notified regarding the incentives under the Production Linked Incentive Scheme for the Food Processing Industry.
The scheme consists of three components: incentivizing manufacturing in four food product segments (Ready to Cook/ Ready to Eat foods; Processed Fruits and vegetables; Marine Products; and Mozzarella Cheese), promoting Innovative/Organic products of SMEs, and incentivising branding and marketing abroad for promoting Indian brands in the global market.
The disbursement status of incentives for FY 2021-22 has been given in the Table.
An extensive consultative approach was adopted to gather inputs while formulating the scheme guidelines. This collaborative effort is continuing in the form of regular engagements with the stakeholders to ensure the continued relevance and effectiveness of the scheme guidelines.
Kindly find the Table attached to the document below.
[Release ID: 1985375]
