Production Linked Incentive (PLI) Scheme for Food Processing Industry
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of Production Linked Incentive (PLI) Scheme for Food Processing Industry.
Objects:
The objective of the scheme is to support the creation of global food manufacturing champions; promote Indian brands of food products; increase employment opportunities for off-farm jobs, ensure remunerative prices of farm produce and higher income to farmers
Quantum of Assistance
Appendix-C: Rates of Incentives on Incremental Sales
| Year | RTC/ RTE (Ready to Cook/ Ready to Eat) | Processed Food & Vegetable | Marine Products | Mozzarella Cheese |
|---|---|---|---|---|
| 2021-22 | 10% | 10% | 6% | 10% |
| 2022-23 | 10% | 10% | 6% | 10% |
| 2023-24 | 10% | 10% | 6% | 10% |
| 2024-25 | 10% | 10% | 6% | 8% |
| 2025-26 | 9% | 9% | 5% | 6% |
| 2026-27 | 8% | 8% | 4% | 4% |
Eligible Entities:
• Eligibility criteria, in terms of total Sales of food products and Minimum Investment for different Categories of Applicants, are given in the Appendix-A.
• Segments of RTE/ RTC for Minimum Sales of All Food Products in 2019-20 Rs 500 Crore
• Segments of Processed Fruits & Vegetables for Minimum Sales of All Food Products in 2019-20 Rs 250 Crore
• Segments of Marine for Minimum Sales of All Food Products in 2019-20 Rs 600 Crore.<
• Segments of Mozzarella Cheese for Minimum Sales of All Food Products in 2019-20 Rs 150 Crore.
• Udyog Aadhar/ Udyami Registered;
• Achieved Minimum Sales of Rs 1 crore during 2019-20 for each of the innovative/ organic products proposed to be incentivized;
• Applicant for Organic Product shall be registered with APEDA for the organic product proposed to be incentivized.
• Segments of RTE/ RTC for Minimum Sales of All Food Products in 2019-20 Rs 500 Crore
• Segments of Processed Fruits & Vegetables for Minimum Sales of All Food Products in 2019-20 Rs 250 Crore
• Segments of Marine for Minimum Sales of All Food Products in 2019-20 Rs 600 Crore.<
• Segments of Mozzarella Cheese for Minimum Sales of All Food Products in 2019-20 Rs 150 Crore.
• Udyog Aadhar/ Udyami Registered;
• Achieved Minimum Sales of Rs 1 crore during 2019-20 for each of the innovative/ organic products proposed to be incentivized;
• Applicant for Organic Product shall be registered with APEDA for the organic product proposed to be incentivized.
Applicability:
The tenure of the Scheme is six years from Financial Year 2021-22 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 2026-27 will be due for payment in 2027-28.
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