Cabinet clears Rs 10900-crore PLI scheme for food processing
On 31st March 2021, Union Cabinet has approved a Rs 10,900-crore production-linked incentive (PLI) scheme. the PLI scheme will help in creating “global food manufacturing champions” by boosting Indian brands of food products in international markets.
- The Empowered Group of Secretaries will monitor The scheme.
PLI (production linked incentive) scheme
- The main purpose of this scheme is to help farmers to get better prices and also at reducing farm produce wastage.
- It will run for a period of six years through 2026-27
- Apsrt from this, It will generate jobs for 250,000 people and attract investments from global and domestic companies in the food processing sector.