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.
