Production-Linked Incentive Schemes, or PLI Schemes, are a keystone of the government’s effort for an Atmanirbhar Bharat. The goal is to make local manufacturing globally competitive and develop global manufacturing champions. The Scheme’s objective is to encourage businesses for increased sales of products made in India over the previous year. They were created with the goal of boosting local manufacturing in strategic and sunrise areas, reducing import costs, improving the cost competitiveness of domestically manufactured items, and increasing domestic capacity and exports. Click on the “Download PDF” option provided below to know more on-
- What is the PLI scheme?
- Genesis of the PLI scheme
- What sectors will it focus on?
- How will it impact the Manufacturing sector?
- What are the challenges facing the PLI scheme?