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Production Linked Incentive Scheme (PLI) For Large Scale Electronics Manufacturing

  • IASbaba
  • October 8, 2020
  • 0
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Production Linked Incentive Scheme (PLI) For Large Scale Electronics Manufacturing

Part of: GS Prelims and GS-III – Technology

In news

  • 16 eligible applicants under the PLI Scheme were approved recently.
  • Ministry: Ministry of Electronics and Information and Technology (MeitY) 

Important value additions

Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing 

  • It was notified on 1st April, 2020.
  • It extends an incentive of 4% to 6% on incremental sales of goods under target segments that are manufactured in India to eligible companies, for a period of five years (base year- FY2019-20.
  • Over the next 5 years, the approved companies under the PLI Scheme are expected to lead to total production of more than INR 10.5 lakh crore.
  • The companies approved under the scheme are expected to promote exports significantly.
  • The companies approved under the scheme will bring additional investment in electronics manufacturing to the tune of INR 11,000 crore.

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