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Food processing ministry rolls out EOI for PLI scheme.
May 04, 2021

The ministry of food processing, on Monday, invited expression of interest from companies for availing incentives under the recently announced Production-linked Incentive (PLI) scheme for the sector with an outlay of Rs 10,900 crore over next six years. The last date for submitting proposal is June 17, 2021.
 
The incentive will be 6-10% on first year and 4-8% on sixth year on incremental sale. Base year for calculation of incremental sales would be 2019-20 for the first 4 years and for subsequent two years, it would shift to 2021-22 and 2022-23, respectively.
 
The scheme has been announced for three categories of food processing companies - aimed at expanding the domestic capacity for food processing and potentially generate additional Rs 33,500 crore worth of processed food.
    
The Economic Times

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