Govt. Approves ₹10,900 Cr Worth PLI Scheme For Food Sector

• On Wednesday, the Union Food Minister Piyush Goyal informed the media that the cabinet under the leadership of PM Modi has approved Production-Linked Incentive (PLI) scheme worth ₹10,900 crores for the food processing sector.

• The scheme will help in creating more than 2.5 lakh jobs by 2026-27.

• The scheme will expand the food processing capacity thereby food sector would become capable of producing food output worth ₹33,494 crores.

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