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Production Linked Incentive (PLI) Schemes in India

In the PLI scheme, incentives are offered to manufacturers of Indian products when incremental sales are made. Six new schemes were approved after ten were notified by the government in November last year and the first three were approved in March. According to Nirmala Sitharaman (Hon’ble Finance Minister), in her speech on the budget of 2021-22, the government would invest Rs 1.97 lakh crore in the Production-Linked Incentive (PLI) scheme for 13 sector-specific programs, which will create jobs for the young and stimulate national manufacturing. It was introduced in March last year as part of… Read

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