Ministry of Food Processing Industries Issues Guidelines for Production Linked Incentive Scheme For The Industry | Daily Current Affairs 2021
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Ministry of Food Processing Industries Issues Guidelines for Production Linked Incentive Scheme For The Industry

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The Ministry of Food Processing Industries (MoFPI) recently issued detailed operational scheme guidelines and has launched an online portal for ‘Production Linked Incentive Scheme for Food Processing Industry (PLISFPI).

Highlights:

  • The detailed guidelines of the scheme are available at Ministry’s website www.mofpi.nic.in.
  • Union Minister for Food Processing Industries Shri Narendra Singh Tomar launched and online portal for the beneficiaries.
  • The link to the online portal is: https://plimofpi.ifciltd.com
  • The GoI had earlier approved the PLI Scheme for Food Processing under the “Atma Nirbhar Bharat” with an outlay of 10,900 crores of rupees.
  • The scheme is to be implemented between 2021-22 and 2026-27.

Guidelines for PLISFPI:

The Guidelines has divided the applicants of the scheme into the following categories:

  • Category 1: Applicants are large entities who apply for Incentive based on Sales and Investment criteria. These applicants shall undertake branding and marketing activities abroad. They shall also apply for grant.
  • Category 2: Applicants belong to Small and Medium enterprises (SMEs). They manufacture innovative products. They apply for the grant under the scheme based on their sales
  • Category 3: Applicants who apply for grant to undertake branding and marketing activities abroad.

The sale-based incentive under the PLI scheme shall be paid for six years between 2021-22 and 2026-27.

The base year to calculate incremental sales will be 2019-20 and the base year for the fifth and sixth year is to be 2021-22 and 2022-23 respectively.

The grant provided on branding and marketing shall be extended to 50% of the expenditure. The maximum grant allowed is 3% of sales on food products or 50 crores of rupees per year (whichever is less).

Selection of applications:

The guidelines provided for selecting the applicants are as follows:

  • The selection of Category I applicants are based on their sales, committed investment and exports. There are four product segments that are to be incentivised under the scheme. They are ready to cook or ready to eat including millet-based foods, marine products, processed fruits and vegetables and mozzarella cheese.
  • The selection of applicants under Category II is based on their innovative proposal, uniqueness of the product, etc.
  • The selection of applicants under Category III is based on the level of recognition of their brand, plan for production, strategy, sales, export markets, etc.

About MoFPI:

  • MoFPI is an acronym for the Ministry of Food Processing Industries.
  • MOFPI is a ministry of the Government of India (GoI) responsible for formulation and administration of the rules and regulations and laws relating to food processing in India.
  • The ministry was founded in 1947 with a view to develop a strong and vibrant food processing industry, to create increased employment in rural sector and enable farmers to reap the benefits of modern technology and to create a surplus for exports and stimulating demand for processed food.
  • The current Minister of MOFPI is Shri Narendra Singh Tomar.

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