Key Points
The scheme, which currently covers 14 sectors, has attracted investments of over Rs 1.03 lakh crore and generated employment for over 6.78 lakh individuals..
However, concerns have been raised about limited employment generation in sectors like leather, garment, handicrafts, and jewelry..
The Narendra Modi government has hiked allocation towards its flagship Production-Linked Incentive (PLI) scheme for financial year 2025 to Rs 6,200 crore, up 33 per cent from FY24's budgeted estimate of Rs 4,645 crore...
Before the announcement of the Interim Budget, Deloittes Rajat Wahi had emphasized the need for the PLI scheme to extend to sectors like leather, garment, handicrafts, and jewelry, highlighting their potential to significantly contribute to employment, especially among lower-income households...
Currently, around Rs 4,415 crore in incentives have been disbursed under PLI schemes for eight sectors, including large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharmaceuticals, telecom, food processing, and drones..
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Centre to tweak some PLI schemes, expects disbursements to rise to Rs 13,000 cr in FY24
11, Aug, 23PLI schemes for sectors including medical devices, pharmaceuticals, food processing, telecom, drones and white goods are doing well, he told reporters on Friday.
Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs’ regulatory focus
01, Feb, 24The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.
PLI schemes report card: Production/sales touch Rs 8.61 lakh crore; over 6.78 lakh jobs created so far
17, Jan, 24PLI schemes form a major plank of India's Atmanirbhar plan. Currently, PLI schemes for 14 key sectors (with an incentive outlay of Rs. 1.97 lakh crore) are under implementation.
Commerce ministry recommends Rs 3,489 crore for PLI scheme for toys; Rs 2,600 crore for footwear
01, Feb, 24As these two schemes are yet to be cleared by the Union Cabinet, the interim Budget has made a token provision of Rs 1 lakh towards these schemes for 2024-25.
PLI scheme: Disbursement to touch Rs 13,000 crore this year, says DPIIT secretary
11, Aug, 23The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector; and make Indian companies and manufacturers globally competitive.
Rs 53,500 cr PLI investment till Dec’22, govt disbursed Rs Rs 2,874.71 cr till March
26, Apr, 23PLI schemes for 14 sectors were announced during the Covid pandemic in 2020 with an outlay of Rs 1.97 lakh crore to boost domestic manufacturing and exports.
Cabinet secretary to review progress of PLI scheme in all 14 sectors on Thursday
02, Aug, 23Cabinet secretary Rajiv Gauba is expected to review the progress of the production linked incentive scheme (PLI) for all the 14 sectors on Thursday, sources said. The meeting assumed significance as the government disbursed only Rs 2,900 crore till March 2023 out of Rs 3,400 crore claims received under the scheme.
PLI scheme disbursement will be about ₹13,000 crore in FY24: DPIIT Secretary
11, Aug, 23In FY23, the government disbursed ₹2,900 crore out of ₹3,400 crore claims received under the scheme
PLI: Rs 4,415 cr disbursed, system in place to facilitate beneficiaries’ visa applications
17, Jan, 24The Indian government has disbursed approximately Rs 4,415 crore under the Production-Linked Incentive (PLI) schemes for eight sectors, including electronics and pharmaceuticals, until October of the current fiscal year. The PLI schemes, launched in 2021, cover 14 sectors and have a total outlay of Rs 1.97 lakh crore. The disbursement of Rs 4,415 crore represents incentives for sectors like large-scale electronics manufacturing, IT hardware, bulk drugs, telecom, food processing, and drones.