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.
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
|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|
|Processed Fruits & Vegetables||250||50|
|Mozzarella Cheese||150||10 MTPD Plant-Rs.23 cr|
|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|
|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|
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