Production-Linked Incentive (PLI): The central government has distributed Rs 1,596 crore under Production-Linked Incentive (PLI) schemes. Government has disbursed money for six sectors, including electronics and pharma, during the April-September quarter. Incentives disbursed till 2023-24 stand at Rs 9,721 crore.
Production-Linked Incentive Sectors Covered
The PLI schemes have been announced by the government in 2021 for 14 sectors. The sectors are telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, specialty steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma. This announcement was made with an outlay of Rs 1.97 lakh crore.
The maximum amount of Rs 964 crore was released under the PLI scheme for large-scale electronics manufacturing. This is out of the total Rs 1,596 crore that is allocated under the scheme. This is followed by pharma getting Rs 604 crore, food products Rs 11 crore, telecom Rs 9 crore bulk drugs Rs 6 crore and drones Rs 2 crore.
Incentive Success Figures
Further as of August 2024, across 14 sectors, investment of Rs 1.46 lakh crore have been realized, which has resulted in incremental production/sales of over Rs 12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing Rs 4 lakh crore. Over 760 applications have been approved under PLI schemes.
The government has said that the departments implementing their respective schemes are accountable for the disbursals. The primary motive of scheme is to attract investments in key sectors and cutting-edge technology; ensure efficiency. Additionally, the aim of the scheme is to bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.
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