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Rs 590.50 cr disbursed under PLI scheme, MoFPI informs Parliament
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Friday, 07 February, 2025, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The Ministry of Food Processing Industries (MoFPI) has informed Parliament that Rs 590.50 crore were disbursed under the scheme of Production Linked Incentive during 2023-24.
Also, 171 applicants were found eligible as part of the scheme under various categories.
The categories of applicants eligible to apply for the Production Linked Incentive (PLI) Scheme for Food Processing Industry include Proprietary Firm or Partnership Firm or Limited Liability Partnership (LLP) or a Company registered in India, Co-operatives and Small and Medium Enterprises (SMEs) as defined by notification under the Micro, Small and Medium Enterprises Development Act, 2006.
Further, according to the Ministry, company applying on its own behalf and its subsidiary provided the Applicant company holds more than 50% of the stock of its subsidiary and that none of the subsidiary companies is included in any other Applicant company under the Scheme; or Marketing Federation or Apex-level co-operatives applying on behalf of Member Unions or Member co-operatives in the case of co-operatives, can apply for the PLI scheme.
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