Budget Allocation for PLI: 6,322 crores to be released over 5 Yrs

The scheme does not envisage state-wise allocation.

Budget Allocation for PLI: 6,322 crores to be released over 5 Yrs
Union Minister of Steel, Shri Ram Chandra Prasad Singh

Production Linked Incentive (PLI) scheme covers 5 broad product categories of Specialty Steel with an outlay of ` 6,322 crores to be released over 5 years. Union Minister of Steel, Shri Ram Chandra Prasad Singh in a written reply in the Rajya Sabha said on Monday.

The detailed guidelines for the scheme have been notified on 20th October 2021. The scheme envisages production linked incentive to companies registered under the Companies Act, 2013 which qualify through the application process given in the guidelines and achieve committed incremental production prescribed for each product sub-category and make the minimum prescribed investment in creating new capacity for manufacturing the applied sub-category product.  The scheme does not envisage state-wise allocation.