Production Linked Incentive Scheme for Food Processing Industry

LegalitySimplified

The Ministry of Food Processing Industries on 12 December 2023 has issued directions to FBOs to utilize Production Linked Incentive Scheme for Food Processing Industry (PLISFPI). The scheme consists of three components: incentivizing manufacturing in four food product segments (Ready to Cook/ Ready to Eat foods; Processed Fruits & Vegetables; Marine Products; and Mozzarella Cheese), promoting Innovative/Organic products of SMEs, and incentivizing branding and marketing abroad for promoting Indian brands in the global market.

According to scheme guidelines, the PLI beneficiaries are required to furnish incentive claims for a specific financial year by 31st December of the following financial year.

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