Objective
The objective of the scheme is to support the creation of global food manufacturing champions promote Indian brands of food products; increase employment opportunities for off-farm jobs, ensure remunerative prices of farm produce and higher income to farmers.
The tenure of the Scheme is six years from Financial Year 2021-22 to Financial Year 2026-27.
Components
The scheme has three broad components.
The first component relates to incentivising manufacturing of four major food product segments viz. Ready to Cook/ Ready to Eat (RTC/ RTE) including millet-based foods, Processed Fruits & Vegetables, Marine Products & Mozzarella Cheese.
The Second component is for incentivising Innovative/ Organic products of SMEs across all the above four food product segments including Free Range – Eggs, Poultry Meat & Egg Products.
The third component relates to support for branding and marketing abroad to incentivise the emergence of strong Indian brands
Eligibility Criteria for different Categories of Applicants
| Category-I: | ||
| Segments Minimum Sales of All Food Products in 2019 | 20 (Rs Crore) Minimum Investment (Rs Crore) | Segments Minimum Sales of All Food Products in 2019 |
| RTE/ RTC | 500 | 100 |
| Processed Fruits & Vegetables | 250 | 50 |
| Marine | 600 | 75 |
| Mozzarella Cheese | 150 | 10 MTPD Plant-Rs.23 cr |
| Category-II: | ||
| Udyog Aadhar/ Udyami Registered;Achieved Minimum Sales of Rs 1 crore during 2019-20 for each of the innovative/ organic products proposed to be incentivised; Applicant for Organic Product shall be registered with APEDA for the organic product proposed to be incentivised | ||
| Category-III: | ||
| Only Indian Brands are covered for selling food products completely manufactured in India;Branding & Marketing shall be undertaken either by the Applicant directly or through its subsidiary or any other Agency. |
Rates of Incentives on Incremental Sales
| Year | RTC/ RTE | Processed F & V | Marine Products * | Mozzarella Cheese |
| 2021-22 | 10% | 10% | 6% | 10% |
| 2022-23 | 10% | 10% | 6% | 10% |
| 2023-24 | 10% | 10% | 6% | 10% |
| 2024-25 | 10% | 10% | 6% | 8% |
| 2025-26 | 9% | 9% | 5% | 6% |
| 2026-27 | 8% | 8% | 4% | 4% |
Note : 10% Incentive Rate for Value Added Marine products, as specified at Appendix-B for all 6 years. **Base Year for calculation of Incremental Sales would be 2019-20 for the first 4 years. For 5th & 6th years, the Base year would shift to 2021-22 & 2022-23 respectively
