https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Government Boosts Millet-Based Products with Rs 800 Crore PLI Scheme

Thirty beneficiaries were initially enrolled in the PLI Scheme for Millet-Based Products. Following the withdrawal of one beneficiary, there are now 29 beneficiaries.
Indian Masterminds Stories

To boost the adoption of millets in food products and encourage value addition in the millet-based food processing sector, the Government of India introduced the Production-Linked Incentive Scheme for Millet-based Products (PLISMBP). This scheme, spanning FY 2022-2023 to FY 2026-2027, is supported by an outlay of ₹800 crore. By removing the threshold investment requirement, the initiative has been made more inclusive, allowing broader participation. Companies selected under the scheme must achieve a minimum year-on-year sales growth of 10% over the base year to qualify for incentives. It focuses on promoting the sales of branded Ready-to-Eat and Ready-to-Cook products in consumer packs containing over 15% millet by weight or volume.

Thirty beneficiaries were initially enrolled in the PLI Scheme for Millet-Based Products. Following the withdrawal of one beneficiary, there are now 29 beneficiaries. According to the scheme guidelines, only domestically sourced agricultural products (excluding additives, flavours, and oils) must be used in the preparation of millet-based products. This requirement has boosted local production and procurement of agricultural produce, which has benefitted farmers.

The scheme has a tenure of five years. The claims in respect of the first performance year (FY 2022-2023) were required to be filed in FY 2023-2024. 19 applicants submitted incentive claims, and ₹3.917 crore has been disbursed to the eligible applicants so far.

The government has introduced several measures to enhance the implementation of the Production-Linked Incentive Scheme for Millet-Based Products (PLISMBP). These measures include the establishment of a user-friendly portal and the creation of dedicated groups for prompt issue resolution. Clarifications on scheme guidelines have been issued from time to time to facilitate easy understanding of the scheme guidelines. Moreover, regular monitoring and evaluation mechanisms have been instituted, and technical assistance is provided through dedicated teams to facilitate smooth implementation of the scheme. Additionally, weekly meetings with applicants are held to ensure effective communication and progress tracking.


Indian Masterminds Stories
Related Stories
NEWS
Karnataka
B. Ramesh Appointed Joint Commissioner of Police for Bengaluru East in Major Reshuffle
IAS Officers Indian Administrative Services (IAS)
Pankaj Agrawal Assigned Additional Charge of Housing and Urban Affairs Ministry
Ministry of Coal (resized)
Coal India Revises Production Target to 806-810 Million Tonnes for Current Fiscal Year
GAIL PSU
GAIL Settles USD 1.8 Billion Arbitration Case with Former Gazprom Unit for USD 285 Million
Rail Operator
India Ratings Projects Double-Digit Revenue Growth for Rail Operators in FY26
Andhra Pradesh govt
AP Government Orders Inquiry into IPS Officer P.V. Sunil Kumar for Alleged Misconduct
Kritika Jyotsana IAS
IAS Kritika Jyotsana Takes Charge as Special Secretary Revenue in Uttar Pradesh
Nishant Kumar IAS
IAS Nishant Kumar Earns PM’s Award for Health Innovation in Parvathipuram-Manyam
Videos
Firoza Mehrotra
How A Gujarati-Speaking Parsi Lady From Maharashtra Served Haryana As An IAS
Prakash Mishra
 A Cop Creating Humour Out of Dogs, Horses, Drills & Of Course Cops
Ashok Charan IRS
An Accomplished Singer, Film Director And Cricketer, He Is Award Winning Income Tax Officer As Well
ADVERTISEMENT
Latest
Karnataka
B. Ramesh Appointed Joint Commissioner of Police for Bengaluru East in Major Reshuffle
IAS Officers Indian Administrative Services (IAS)
Pankaj Agrawal Assigned Additional Charge of Housing and Urban Affairs Ministry
ADVERTISEMENT
Videos
Firoza Mehrotra
Prakash Mishra
Ashok Charan IRS
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT