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Cabinet Approves Production Linked Incentive Scheme for Food Processing Industry

Current GK (RBI Ast) Indian Economy

01-Apr-21

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The Union Cabinet has approved the Central Sector Scheme called “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” with an outlay of Rs.10900 crore.
Scheme will be implemented over a six year period from 2021-22 to 2026-27.
The Project Management Agency (PMA) shall implement the scheme. PMA will be responsible for appraisal of applications/ proposals, verification of eligibility for support, scrutiny of claims eligible for disbursement of incentive.
The PLI scheme will support creation of global food manufacturing champions and support Indian brands of food products in the international markets.
Cabinet Approves Production Linked Incentive Scheme for Food Processing Industry worth Rs 10,900 crore.

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Try these Multiple Choice Questions

Question No.1

The Union Cabinet has approved the Central Sector Scheme called “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)”. What is the outlay of the scheme ?

Rs.10900 crore

Rs.11900 crore

Rs.12900 crore

Rs.13900 crore