HomeNewsSchemesCabinet clears Rs 10900-crore PLI scheme for food processing

Cabinet clears Rs 10900-crore PLI scheme for food processing

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.
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