Ministry of Food Processing Industries on 21 March, 2023 has launched production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to facilitate expansion of food processing capacity by creating champion brands in Food Processing Sector. 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).
