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Anurag Thakur to become IB Minister, Pashupati Kumar Paras gets Ministry of Food Processing india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
Food processing ministry rolls out EOI for PLI scheme
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Last Updated: May 03, 2021, 09:30 PM IST
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Synopsis
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 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.
Food Processing Ministry floats EoI for PLI scheme
May 03, 2021
The scheme aims to also offer incentives to players involved in frozen, steamed, boiled, pickled, dried, processed, preserved or provisionally processed fruit and vegetables - BL
The scheme aims to also offer incentives to players involved in frozen, steamed, boiled, pickled, dried, processed, preserved or provisionally processed fruit and vegetables - BL×
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Selected applicants will get sales-based sops after fulfilling fresh investment target The Ministry of Food Processing has floated an expression of interest (EoI) inviting applications from companies for availing incentives under the recently announced Production-linked Incentive (PLI) scheme for the sector with an outlay of ₹10,900 crore. Applicants will need to submit their proposals by June 17 through the Ministry’s online portal.