PLI scheme millets: Govt says 30 firms benefiting from PLI scheme for making millet-based merchandise
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Round 30 firms, together with 22 MSMEs, are benefiting from the Manufacturing-Linked Incentive (PLI) scheme for manufacturing millet-based merchandise, in keeping with the Ministry of Meals Processing Industries. The PLI for Millet Primarily based Merchandise (PLISMB) was carved out of the financial savings of the principle PLI Scheme for the Meals Processing Industries (PLIFPI) to encourage the usage of millets in Able to Cook dinner/Able to Eat (RTC/RTE).
In keeping with the ministry, round 30 firms, together with 22 MSMEs, are concerned within the promotion of millet-based merchandise below the PLISMBP.
The PLISMBP scheme — authorised in August with an outlay of Rs 1,000 crore arising out of the financial savings from different segments — envisages the usage of a minimal of 15 per cent millet content material within the authorised meals merchandise, it mentioned in a press release.
In any other case, below the PLISFPI, 176 proposals below totally different classes have been authorised up to now and about Rs 584.30 crore incentive has been launched, it added.
