VSK Kerala
  • Home
  • വാര്‍ത്ത
    • കേരളം
    • ഭാരതം
    • ലോകം
    • സംഘ വാര്‍ത്തകള്‍
    • സേവന വാര്‍ത്തകള്‍
    • അമൃതമഹോത്സവം
    • ബുള്ളറ്റിൻ
  • English
    • Articles
    • Kerala
    • India
    • World
    • RSS in News
    • Seva News
    • Amrit Mahotsav
  • ലേഖനങ്ങള്‍
  • സംസ്കൃതി
  • വീഡിയോ
  • RSS
    • RSS: Vision and Mission
    • Press Release
    • Resolutions
  • VSK
    • About Us
    • Activities
No Result
View All Result
VSK Kerala
  • Home
  • വാര്‍ത്ത
    • കേരളം
    • ഭാരതം
    • ലോകം
    • സംഘ വാര്‍ത്തകള്‍
    • സേവന വാര്‍ത്തകള്‍
    • അമൃതമഹോത്സവം
    • ബുള്ളറ്റിൻ
  • English
    • Articles
    • Kerala
    • India
    • World
    • RSS in News
    • Seva News
    • Amrit Mahotsav
  • ലേഖനങ്ങള്‍
  • സംസ്കൃതി
  • വീഡിയോ
  • RSS
    • RSS: Vision and Mission
    • Press Release
    • Resolutions
  • VSK
    • About Us
    • Activities
No Result
View All Result
VSK Kerala
No Result
View All Result
Home English

Cabinet approves Production Linked Incentive Scheme for Food Processing Industry

VSK Kerala Desk by VSK Kerala Desk
31 March, 2021
in English
ShareTweetSendTelegram

The Union Cabinet has approved the Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” to support creation of global food manufacturing champions commensurate with India’s natural resource endowment and support Indian brands of food products in the international markets with an outlay of Rs. 10900 cr.

Objectives of the Scheme –

The objectives of the Scheme are to support food manufacturing entities with stipulated minimum Sales and willing to make minimum stipulated investment for expansion of processing capacity and Branding abroad to incentivise emergence of strong Indian brands.

  • Support creation of global food manufacturing champions;
  • Strengthen select Indian brand of food products for global visibility and wider acceptance in the international markets;
  • Increase employment opportunities of off-farm jobs,
  • Ensuring remunerative prices of farm produce and higher income to farmers.

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.
  • The conditions of stipulated Minimum Sales and mandated investment will not be applicable for entities selected for making innovative/ organic products.
  • The second component relates to support for branding and marketing abroad to incentivise emergence of strong Indian brands.
  • For promotion of Indian Brand abroad, the scheme envisages grant to the applicant entities for – in store Branding, shelf space renting and marketing.
  • Scheme will be implemented over a six year period from 2021-22 to 2026-27.

Impact including employment generation potential –

  • The implementation of the scheme would facilitate expansion of processing capacity to generate processed food output of Rs 33,494 crore and;
  • Create employment for nearly 2.5 lakh persons by the year 2026-27.

Background –

  • The food processing sector in India encompasses manufacturing enterprises in all the segments from micro to large industries.
  • India is having competitive advantage in terms of resource endowment, large domestic market and scope for promoting value added products.
  • Achieving full potential of this sector would require Indian companies to improve their competitive strength vis-a-vis their global counterpart in term of scale of output, productivity, value addition and their linkages with the global value chain.
  • The Production Linked Incentive Scheme for Food Processing Industry has been formulated based on the Production Linked incentive scheme of NITl Aayog under “AatmaNirbhar Bharat Abhiyaan for Enhancing India’s Manufacturing Capabilities and Enhancing Exports”.
ShareTweetSendShareShare

Latest from this Category

Islamic extremists disrupt International Yoga Day event in Maldives

There Has Been Deliberate Attempt To Discredit Judiciary: Justice N. Nagaresh On Contemptuous Remarks By PFI Leader

‘One Nation – One Health System is the need of Hour’

Father of minor boy who called for genocide of Hindus and Christians in PFI rally arrested

Strict action should be taken against the organizers of the rally – Kerala High Court

Temples vandalised by miscreants in Guwahati ; Shiva, Ganesha idols uprooted and thrown out of Temple

Load More

Discussion about this post

Latest News

Islamic extremists disrupt International Yoga Day event in Maldives

There Has Been Deliberate Attempt To Discredit Judiciary: Justice N. Nagaresh On Contemptuous Remarks By PFI Leader

‘One Nation – One Health System is the need of Hour’

Father of minor boy who called for genocide of Hindus and Christians in PFI rally arrested

Strict action should be taken against the organizers of the rally – Kerala High Court

Temples vandalised by miscreants in Guwahati ; Shiva, Ganesha idols uprooted and thrown out of Temple

Islamic terrorist Yasin Malik sentenced to life imprisonment in terror funding case

Gyanvapi Case – Fresh plea challenging Places of Worship Act filed in Supreme Court

Load More

Latest Malayalam News

ആകാശത്ത് വിസ്മയമായി അഞ്ച് ഗ്രഹങ്ങളുടെ സംഗമം

തമിഴ്നാട്ടിൽ വീണ്ടും ക്ഷേത്രങ്ങൾക്കുനേരെ ആക്രമണം: വിഗ്രഹങ്ങൾ തകർത്തു

മുംബൈയിൽ ഗുരുകുലം വിദ്യാർത്ഥികൾ ദ്രൗപദീമുർമൂവിന് പിന്തുണയുമായി ചിത്രങ്ങൾ വരയ്ക്കുന്നു

ദ്രൗപദീ മുർമൂ: ആവേശത്തോടെ യുവാക്കളും

നാമനിർദേശപത്രിക സമർപ്പിക്കാൻ ഒപ്പം ബിജെഡി മന്ത്രിമാരും

Load More

©Vishwa Samvada Kendram, Kerala.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • വാര്‍ത്ത
    • കേരളം
    • ഭാരതം
    • ലോകം
    • സംഘ വാര്‍ത്തകള്‍
    • സേവന വാര്‍ത്തകള്‍
    • അമൃതമഹോത്സവം
    • ബുള്ളറ്റിൻ
  • English
    • Articles
    • Kerala
    • India
    • World
    • RSS in News
    • Seva News
    • Amrit Mahotsav
  • ലേഖനങ്ങള്‍
  • സംസ്കൃതി
  • വീഡിയോ
  • RSS
    • RSS: Vision and Mission
    • Press Release
    • Resolutions
  • VSK
    • About Us
    • Activities

©Vishwa Samvada Kendram, Kerala.
Tech-enabled by Ananthapuri Technologies