Indian Government states that 30 companies are leveraging the PLI scheme to manufacture millet-based products

Published Dec 28, 2023

Tridge summary

Around 30 companies, including 22 MSMEs, are using the Production-Linked Incentive (PLI) scheme to manufacture millet-based products, created from the savings of the main PLI Scheme for the Food Processing Industries. The goal of the PLI for Millet Based Products (PLISMB) is to encourage the utilization of millets in Ready to Cook/Ready to Eat products. The scheme has a budget of Rs 1,000 crore and requires a minimum of 15% millet content in the approved food products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Around 30 companies, including 22 MSMEs, are taking advantage of the Production-Linked Incentive (PLI) scheme for manufacturing millet-based products, according to the Ministry of Food Processing Industries. The PLI for Millet Based Products (PLISMB) was carved out of the savings of the main PLI Scheme for the Food Processing Industries (PLIFPI) to encourage the use of millets in Ready to Cook/Ready to Eat (RTC/RTE). According to the ministry, around 30 companies, including 22 MSMEs, are involved in the promotion of millet-based products under the PLISMBP. The PLISMBP scheme -- approved in August with an outlay of Rs 1,000 crore arising out of the savings from other segments -- envisages the use of a minimum ...

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