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Thursday, April 01, 2021

Production Linked Incentive Scheme for Food Processing Industry

 Salient features:

  • The first component relates to incentivising manufacturing of four major food product segments viz. Ready to Cook/ Ready to Eat (RTC/ RTE) foods, Processed Fruits & Vegetables, Marine Products, Mozzarella Cheese.
  • Innovative/ Organic products of SMEs including Free Range -Eggs, Poultry Meat, Egg Products in these segments are also covered under above component.
  • The selected applicant will be required to undertake investment, as quoted in their Application (Subject to the prescribed minimum) in Plant & Machinery in the first two years i.e., in 2021-22 & 2022-23.
  • Investment made in 2020-21 also to be counted for meeting the mandated investment.
  • Press release: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1708691

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