The government had given out Rs 2,900 crore till March 2023, out of the claims received worth Rs 3,400 crore.
29 Jun 2023 | 2272 Views | By Autocar Professional Bureau
The government on Tuesday assured beneficiaries of the Production Linked Incentive scheme to resolve their issues, if any so that they can avail the PLI benefits on time, PTI reported. Various technical issues were brought to light by industry players at a workshop held by the commerce and industry ministry ...
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The government on Tuesday assured beneficiaries of the Production Linked Incentive scheme to resolve their issues, if any so that they can avail the PLI benefits on time, PTI reported. Various technical issues were brought to light by industry players at a workshop held by the commerce and industry ministry on the PLI (Production Linked Incentive) schemes.
A government official informed PTI that the aim of the workshop, which was chaired by the Commerce and Industry Minister Piyush Goyal, was to take stock of the scheme. Suggestions were also sought from beneficiaries and industry associations.
The PLI Scheme with an outlay of Rs 1.97 lakh crore was introduced in 2021 for 14 sectors such as telecom, white goods, pharma, and textiles. The government had given out Rs 2,900 crore till March 2023, out of the claims received worth Rs 3,400 crore.
The incentives for each sector run for five years and as new sectors have been added to it over time the scheme will run till 2028.
Of the 14 sectors, the scheme is picking up pace in pharma, textiles, white goods, auto, and auto components, PTI stated.