Wednesday, December 25, 2024 | 01:48 PM ISTEN Hindi

Food Processing

Food processing industry invests Rs 4,900 cr under PLI scheme so far: Govt

The government on Thursday said the food processing industry has made an investment of Rs 4,900 crore under the production-linked incentive (PLI) scheme so far. The PLI scheme for the food processing industry, with an outlay of Rs 10,900 crore, was approved on March 2021. It is to be implemented for a period of seven years till 2026-27. "Under the PLI scheme for food processing industry, a total of 182 applications have been approved under different categories," an official statement said. This includes 30 applications (8 large entities and 22 SMEs) under the PLI scheme for millets-based products, it said. "As per the data being reported by the PLI scheme beneficiaries, investment of about Rs 4900 crores has been made under the scheme," the statement said. Incentives amounting to Rs 800 crore are likely to be disbursed in the current financial year. Sales-based incentive of Rs 107.3 crore has been disbursed so far, it added. According to the food ministry, stakeholder consultatio

Updated On : 29 Dec 2022 | 11:37 PM IST

Food processing sector critical for economy, job creation: Niti Aayog CEO

Niti Aayog CEO Parameswaran Iyer on Friday said the food processing sector is critical for the Indian economy as well as job creation and stressed on ramping up production and exports of processed items. Addressing a CII seminar here, Iyer said there is a need to encourage the MSME sector to enter the food processing sector, which he described as a very important sector for the health of the economy and people. He underlined that food processing can boost farmers income and also help in achieving nutritional goals. Iyer said there is a need to augment primary processing at farm level. Stating that food security has become important in the current global context, he said the government has taken a number of steps in this regard. The Niti Aayog CEO highlighted that there has been a steady growth in agriculture. On the food processing front also, Iyer said a number of initiatives have been taken by the government, including the Production Linked Incentive (PLI) scheme. "This is a v

Updated On : 02 Dec 2022 | 11:48 PM IST

Govt refuses to pay excess Kisan Rail subsidy, Rlys 'writes off' Rs 71 cr

The Railways had to write off Rs 71.86 crore it spent as excess subsidy on Kisan Rail Services last fiscal, after the Ministry of Food Processing Industries refused to bear the additional cost citing a Rs 50-crore ceiling for the initiative, documents show. According to official data, the Railways spent Rs 121.86 crore as subsidy under the scheme which is more than double the amount of Rs 50 crore sanctioned in 2021-22 by the Ministry of Food Processing Industries (MoFPI) for the pro-farmer initiative. The national transporter was forced to "write off" the excess expenditure of Rs 71.86 crore after the MoFPI -- the nodal ministry for implementing the 'Operation Greens - TOP to total' scheme under which Kisan Rails operate -- deciding not to reimburse the outstanding amount. Under the scheme, a 50 per cent subsidy is offered directly to farmers and traders on railway transportation charges for fruits and vegetables. A ceiling of Rs 50 crore was set by the MoFPI as subsidy for the las