Govt approves Rs 10,900 crore under production-linked incentive scheme for food processing industry

New Delhi The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of ₹10,900 crore.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs by 2026-27, boost exports and facilitate expansion of food processing capacity to generate processed food output worth ₹33,494 crore.

The incentive under the scheme would be paid for six years ending 2026-27.

"The PLI for the food processing sector with ₹10,900 crore-incentive has been approved. The decision is a fitting tribute to our farmers," Food Minister Piyush Goyal said while briefing the media about the cabinet decisions.