Production Linked Incentive Scheme

December 27, 2024 4:36 PM

Year-End Review 2024: Key achievements & initiatives of Ministry of Food Processing Industries

In 2024, the Ministry of Food Processing Industries (MoFPI) achieved significant milestones, driving growth in farm incomes, job creation, and reduction of post-harvest losses. The ministry's focus on improving infrastructure for preservation and processing, along with its various schemes, has been crucial to developing the food processing sector. Here's a recap of the key achievements and initiatives undertaken by MoFPI during the year. Sectoral Growth and Increased Exports The processed fo...

Centre’s PLI scheme to boost millet-based products: All you need to know

The Government of India has introduced the Production Linked Incentive Scheme for Millet-Based Products (PLISMBP) to support the use of millets in food products and encourage value addition. This initiative, launched for the period 2022-2027, comes with an allocation of ₹800 crore and aims to boost millet production and processing by removing the threshold investment requirement, making it accessible to a wider range of participants. Under the scheme, companies are eligible for incentives if ...