CURRENT AFFAIRS

Detailed explanation-1: -The PLI scheme for the food processing industry, with an outlay of Rs 10, 900 crore, was approved on March 2021. It is to be implemented for a period of seven years till 2026-27.

Detailed explanation-2: -The scheme envisages financial assistance to food processing units in the form of grant-in-aid as under: 35% of the eligible project cost subject to a maximum of Rs. 5.00 crore in General Areas; 50% of the eligible project cost subject to a maximum of Rs.

Detailed explanation-3: -The Centre launched the PLI Scheme with an approved outlay of ₹10, 683 crore to promote the production of MMF apparel, MMF fabrics and products of technical textiles in the country to enable the textiles industry to achieve size and scale and to become competitive.

Detailed explanation-4: -September 2021 As on December 2022, 650 applications have been approved under 13 Schemes and more than 100 MSMEs are among the PLI beneficiaries in sectors such as Bulk Drugs, Medical Devices, Telecom, White Goods and Food Processing.

Detailed explanation-5: -They include LG Electronics, Mitsubishi Electric, Adani Copper Tubes, Jindal Poly films, Crompton Greaves, Wipro, Zeco Aircon, Starion India, and Swaminathan Enterprises.