PLI Scheme for Food Processing Industries: Ministry Approved 169 Applications

The Ministry of Food Processing Industries (MoFPI) has approved a total of 169 applications under the Production Linked Incentive Scheme for Food Processing Industries (PLISFPI) across the country. The approved applicants have made a cumulative investment of around ₹9,207 crore to date.

Incentives Disbursed and Capacity Created

Under the scheme, approximately ₹2,162.55 crore has been disbursed to eligible beneficiaries. The initiative has facilitated the creation of nearly 35 lakh metric tonnes per annum of food processing and preservation capacity. It has also generated about 3.39 lakh jobs, including both direct and indirect employment opportunities.

Promotion of Indian Food Brands Abroad

PLISFPI encourages the global promotion of Indian food brands, supporting branding and marketing activities for Indian consumer food products overseas. Under the scheme, beneficiaries are reimbursed 50% of their international branding and marketing expenses, capped at 3% of annual food product sales or ₹50 crore per year, whichever is lower. Consequently, exports of processed agricultural food products have grown at a CAGR of 13.23% in 2024-25 compared to 2019-20.

Also Read: PLI Scheme for White Goods: 5 Companies Selected to Drive ₹8,337 Crore in Production

Project Management and Oversight

To ensure effective implementation, MoFPI has appointed the Industrial Finance Corporation of India (IFCI) Limited, a Government of India undertaking, as the Project Management Agency (PMA). IFCI is responsible for:

• Evaluation and appraisal of proposals
• Scrutiny of incentive claims, including verification of invoices, statutory auditor certificates, GST filings, and Chartered Engineer certificates
• Physical inspections of projects

Furthermore, Standard Operating Procedures (SOPs) have been established to ensure compliance with the minimum sales and investment thresholds required for claiming PLI incentives.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.