The Ministry of Food Processing Industries on 23rd June 2022, has notified the guidelines on Production Linked Incentive Scheme for Millet Based Products. The main objective of these guidelines is to increase usage of millets in food products and promote its value addition.
The tenure of the Scheme is five years from Financial Year 2022-23 to Financial Year 2026-27. The Incentive payable for a particular year will be due for payment in the following year. The Incentive payable for Financial Year 2026-27 will be due for payment in year 2027-28.
Incentive under the scheme shall be provided to the Applicants engaged in manufacturing or intending to manufacture eligible products in India & sales of such products and Udyam Registration Certificate is mandatory for MSME Applicants.
Applicant shall be required to achieve minimum CAGR of 10% on sales of the eligible products from the base year for grant of incentive. If the applicant is not able to achieve the prescribed minimum growth in sales for a particular year, no incentive will be payable for that year. However, if the industry faces lower growth due to Force Majeure, the EGoS may review the prescribed minimum growth rate.
All Applications will be submitted through an online portal maintained by the Project Management Agency (PMA). No physical submission of applications is acceptable and such proposals shall be summarily ignored. Upon successful submission of an Application, PMA will issue a unique Application ID to the Applicant for all future references pertaining to the Scheme.
Click here to read the notification.
