With reference to the Production Linked Scheme for Food Processing Industries (PLISFPI), consider the following statements:
1. The Government provides financial incentives to promote Indian food brands abroad.
2. There is no capping on reimbursement of expenditure on branding and marketing abroad made by the beneficiaries.
3. The beneficiary should achieve a minimum year-on-year sales growth of 10% for Millet-Based Products components of the Scheme.

Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 1 only
(c) 1 and 3
(d) 2 and 3 only

Question

With reference to the Production Linked Scheme for Food Processing Industries (PLISFPI), consider the following statements:
1. The Government provides financial incentives to promote Indian food brands abroad.
2. There is no capping on reimbursement of expenditure on branding and marketing abroad made by the beneficiaries.
3. The beneficiary should achieve a minimum year-on-year sales growth of 10% for Millet-Based Products components of the Scheme.

Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 1 only
(c) 1 and 3
(d) 2 and 3 only

ONLiNE UPSC · Accepted Answer

Statement 1 is correct: The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on 31st March 2021 with a budget of Rs. 10,900 crore, to be implemented from 2021-22 to 2026-27. Under the Production Linked Incentive Scheme for Food Processing Industries (PLISFPI), the Government provides financial incentives to promote Indian food brands abroad, supporting branding and marketing activities for Indian-branded consumer food products in global markets.

Statement 2 is not correct: Beneficiaries are reimbursed 50% of their expenditure on branding and marketing abroad, capped at 3% of their annual food product sales or Rs. 50 crore per year, whichever is lower. Applicants are required to spend a minimum of Rs. 5 crore over five years to qualify. Currently, there are currently 73 beneficiaries under this component of the PLI scheme.

Statement 3 is correct: Beneficiaries should achieve minimum year-on-year sales growth of 10% for claiming incentive under Category-I, Category-II, and Millet-Based Products components of the Scheme. Under Category -I component, the companies have to make committed investments to increase their production capacities. If a company does not make the committed investment up to the end of 2023-24, it is not eligible to receive incentives under the Scheme.

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E Question 1	⏱ 0
With reference to the Production Linked Scheme for Food Processing Industries (PLISFPI), consider the following statements: 1. The Government provides financial incentives to promote Indian food brands abroad. 2. There is no capping on reimbursement of expenditure on branding and marketing abroad made by the beneficiaries. 3. The beneficiary should achieve a minimum year-on-year sales growth of 10% for Millet-Based Products components of the Scheme. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 1 only (c) 1 and 3 (d) 2 and 3 only