Production Linked Incentive (PLI) Scheme is an initiative by Government of India to boost
domestic manufacturing, keeping in view its greater vision of Atmanirbhar
Bharat.
How does it
work?
·
Production Linked Incentive (PLI) Scheme provides incentive on incremental sales of goods
manufactured in India.
·
As
local and foreign companies set up new manufacturing base or expand current
production units in India and start manufacturing under the PLI scheme,
·
the
government will provide certain percentage of its incremental sales achieved of
such goods produced in India as incentives to the company,
·
Thus
benefiting the company at micro level via incentives and to Indian Economy at
macro level.
Statistics
·
Launched
in the year 2020,
·
The
Government of India, has announced an outlay of ₹1.97 Lakh Crore for Production Linked Incentive (PLI) Schemes across 14 key sectors.
·
PLI
scheme aims to generate 60 lakh new jobs and additional production of 30 Lakh
Crore in the span of 5 years.
Sectors and
their outlay as per Invest India are as follows:
1)
Automobile and
2) Auto
Components - ₹25,938 Crore
(Automobile
and Auto Components are combined)
3) Aviation
- ₹120 Crore
4) Chemical
- ₹18100 Crore
5)
Electronics
(A) Electronics - Large Scale Manufacturing- ₹38645 Crore
(B) Electronics - IT and Hardware - ₹17000 Crore
6) Food
Processing- ₹10900 Crore
7) Medical
Devices- ₹3420 Crore
8) Metals
& Mining - ₹6322 Crore
9)
Pharmaceuticals
(A) Bulk Drugs - ₹6949 Crore
(B) Pharmaceutical Manufacturing- ₹15000 Crore
10)
Renewable Energy - ₹24000 Crore
11) Telecom
- ₹12195 Crore
12) Textile
& Apparel - ₹10683 Crore
13) White
Goods - ₹6238 Crore
14) Drone
and Drone Components- ₹120 Crore
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