PLI scheme for food processing industries has created 3.35 lakh jobs: Govt

NationalIANS
Advertisement
New Delhi, July 30 : The Centre’s Production Linked Incentive Scheme for the Food Processing Industry has attracted investments to the tune of Rs 9,207 crore and generated around 3.35 lakh direct and indirect employment opportunities, exceeding the target of 2.50 lakh jobs, the Parliament was informed on Thursday.

The sales of PLI-supported products increased from Rs 58,758 crore in FY 2019-20 to Rs 1,08,854 crore in FY 2025-26.

A total of 163 applications from 127 companies, including 69 Micro, Small and Medium Enterprises (MSMEs), are presently covered under the Scheme. The approved projects are spread across 212 locations in 22 states. Incentives amounting to Rs 3,271.44 crore have been disbursed up to June 2026. The Scheme has contributed to expansion of food processing capacity, growth in sales and exports, mobilisation of investment and generation of employment. The investments undertaken under the Scheme have resulted in creation of food processing capacity of 34 lakh metric tons per annum, according to the information tabled in the Lok Sabha.

The scheme is being implemented by the Ministry of Food Processing Industries with an approved outlay of Rs 10,900 crore for the period from FY 2021-22 to FY 2026-27. The scheme provides performance-linked incentives on achievement of eligible incremental sales and aims to promote domestic processing and value addition, support creation of global food manufacturing champions, promote Indian food brands in overseas markets and generate employment opportunities.

Under the PLI scheme for food processing industries (PLISFPI), the government promotes exports and branding of Indian food products abroad through the Branding and Marketing component. Approved applicants are provided financial incentives at the rate of 50 per cent of eligible expenditure incurred on Branding and Marketing Abroad, subject to a maximum of 3 per cent of sales of food products or Rs 50 crore per year, whichever is less.

The PLISFPI also promotes domestic processing and value addition through performance-linked incentives on eligible incremental sales. The investments undertaken by approved applicants have facilitated expansion of processing capacity and adoption of modern processing, packaging and manufacturing technologies. A separate category has also been provided under the Scheme for Small & Medium Enterprises (SMEs) engaged in innovative and organic food products.

Besides, the Ministry is also implementing the Prime Minister's Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, a demand-driven scheme aimed at providing financial, technical and business support for setting up or upgradation of micro food processing enterprises through capacity building, credit support, technology upgradation and market linkages, as per an official statement.

Advertisement

Note: The content of this article is sourced from a news agency and has not been edited by the ap7am team.

Ministry of Food Processing IndustriesPLI Scheme for Food ProcessingPLISFPIIndian food processing sectorPMFME SchemeMSME growth in Indiafood manufacturing investmentsemployment generatio

More News

Allu Arjun Graces Pre-Release Event of ‘Aakashamlo Oka Tara’ in Hyderabad, Heaps Praise on Dulquer Salmaan

15 Nov, 23:32

'Technology can help you, but you have to trust yourself ultimately': Sachin Tendulkar at ISPL auction

15 Nov, 23:28

Telangana CM urges PM Modi to persuade Maha govt over Tummidihatti Barrage

15 Nov, 23:27

Andhra CM seeks Central assistance for developing cyclone-resilient infrastructure

15 Nov, 23:26

YS Sharmila Meets CM Chandrababu, Invites Him to Daughter’s Wedding

15 Nov, 22:20

Gold Prices Crash 4.1% on MCX, Silver Falls Nearly 5% Amid Fed Rate Concerns

15 Nov, 22:05

Winter session of Parliament likely to start in first week of Dec

15 Nov, 21:57

Gadkari dismisses media reports on his quitting politics as 'false news'

15 Nov, 21:55

SEBI to issue AI usage guidelines for capital markets, focus on investor protection

15 Nov, 21:54

ICC approves LA28 Olympic qualification events; men's and women's qualifiers to be held in USA, Bangladesh

15 Nov, 20:20

YSRCP ridicules CM Naidu’s ‘tall talk’ while ignoring ground realities

15 Nov, 20:17

‘A very good experience’: India U19 captain Lakshya reflects on Asia Cup triumph

15 Nov, 19:52

CA admits players reaching agreement on Sandpapergate is 'very unlikely'

15 Nov, 18:33

YSRCP ridicules CM Naidu’s ‘tall talk’ while ignoring ground realities

15 Nov, 18:32

Teen found dead at Delhi showroom, family blames brother-in-law

15 Nov, 18:30

Two killed after car collides with auto-rickshaw in Telangana's Vikarabad

15 Nov, 18:29

Cyclone alert issued for Andhra Pradesh, Odisha coasts

15 Nov, 18:27

5th ODI: Ecstatic with white-ball series wins in New Zealand, says India captain Shreyas Iyer

15 Nov, 18:25

Uttarakhand coach Jha draws parallels between MS Dhoni and U19 skipper Raichandani

15 Nov, 18:24

5th ODI: Pacers help India defend 209, beat New Zealand by 22 runs, clinch series 3-1

15 Nov, 15:58
..More News