The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments. The scheme will be applicable for five consecutive financial years, starting from FY24 and ending in 2027-28. The government has also modified the incentive outlay table to Rs. 25,938 crore.
Auto PLI Scheme: The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments. The scheme will be applicable for five consecutive financial years, starting from FY24 and ending in 2027-28. The government has also modified the incentive outlay table to INR 25,938 crore.
DPIIT notifies PLI scheme for ACs, LED lights; mere assembly of finished goods not to be incentivised
SECTIONS
DPIIT notifies PLI scheme for ACs, LED lights; mere assembly of finished goods not to be incentivisedBy
Share
Synopsis
Earlier this month, the government approved a production linked incentive (PLI) scheme for white goods - Air Conditioners (ACs) and LED Lights - with a budgetary outlay of Rs 6,238 crore. It will be implemented over 2021-22 to 2028-29.
Getty Images
Earlier this month, the government approved a PLI scheme for white goods - ACs and LED Lights - with a budgetary outlay of Rs 6,238 crore.