PLI Scheme for Food Processing Sector

· Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)

· Financial, technical and business support to micro food processing enterprises through PMFME scheme with outlay of Rs 10,000 Cr for a period of 5 Years (2020-21 to 2024-25)

Minister of State for Food Processing Industries, Prahlad Singh Patel, in a written reply to a question Lok Sabha on 21 March, 2023 informed that keeping in view the crucial role of entrepreneurs in development of food processing industries, Ministry of Food Processing Industries (MoFPI) supports them through its Central Sector Umbrella Scheme Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and Centrally sponsored PM Formalization of Micro Food Processing Enterprises (PMFME) scheme.

Under component schemes of PMKSY, MoFPI provides mostly credit linked financial assistance (capital subsidy) in the form of grants-in-aid with total outlay of Rs 4600 Cr for 15th Finance Commission Cycle. Ministry provides financial, technical and business support to micro food processing enterprises through PMFME scheme with outlay of Rs 10,000 Cr for a period of 5 Years (2020-21 to 2024-25), whereas PLISFPI is targeted to facilitate expansion of food processing capacity by creating champion brands in Food Processing Sector with total outlay of Rs 10,900 Cr for a period of 6 years (2021-22 to 2026-27).

In the written reply it was stated that Ministry has conducted evaluation study for relevant component schemes of PMKSY and amended guidelines of the schemes including its incentive structure accordingly.

Ministry has planned to organise a Global Food Event “World Food India 2023” during 3rd - 5th November, 2023 in New Delhi. The event is intended to provide domestic investors/ producers/ processors/ institutions a platform to collaborate and partner with global stakeholders.