Govt Disburses ₹1,596 Crore Under PLI Schemes For Six Sectors

The government has released ₹1,596 crore under its Production-Linked Incentive (PLI) schemes for six sectors from April to September this fiscal year, an official confirmed.

The PLI scheme, launched in 2021, targets 14 sectors, including electronics, pharma, textiles, automobiles, and more, with a total outlay of ₹1.97 lakh crore.

Of the ₹1,596 crore disbursed, the largest share—₹964 crore—went to large-scale electronics manufacturing. The pharma sector received ₹604 crore, while smaller amounts were allocated to food products (₹11 crore), telecom (₹9 crore), bulk drugs (₹6 crore), and drones (₹2 crore).

Cumulatively, ₹9,721 crore has been disbursed under the scheme until 2023-24. The official highlighted the positive impact of these incentives on India’s MSME sector. “The PLI scheme is creating a cascading effect, building a new supplier base in every sector, especially in MSMEs,” the official said.

By August 2024, investments of ₹1.46 lakh crore have been realized across 14 sectors. This has led to an increase in production and sales worth over ₹12.50 lakh crore, generated over 9.5 lakh jobs, and boosted exports beyond ₹4 lakh crore. So far, over 760 applications have been approved.

Each department overseeing its respective PLI scheme is responsible for disbursing the incentives.