Business

Govt disburses Rs 4,415 cr under different PLI schemes so far

In the fiscal year 2022-23, the disbursement amounted to Rs 2,900 crore. Rajeev Singh Thakur, the Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), informed reporters that the incentive amount was distributed across eight sectors. These sectors include Large-Scale Electronics Manufacturing, IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing, and Drones and Drone Components.

The PLI schemes were introduced by the government in 2021, covering 14 sectors such as telecommunications, white goods, textiles, medical device manufacturing, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharmaceuticals. The total outlay for these schemes was Rs 1.97 lakh crore.

Also Read: Steps being taken to further strengthen state’s cyber security: Rajasthan minister

These initiatives are designed to attract investments in critical sectors, promote cutting-edge technology, enhance efficiency, achieve economies of scale in manufacturing, and make Indian companies and manufacturers globally competitive. The substantial disbursement reflects the government’s commitment to fostering growth and innovation in key industries.

Naiteek Bhatt

Recent Posts

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

13 mins ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

54 mins ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

1 hour ago

Vikrant Massey Shares Adorable ‘Monkey Business’ Moment With Son In Naples

Actor Vikrant Massey, currently enjoying a family holiday in Naples, Italy, delighted fans by sharing…

2 hours ago

Trending: Eid Al-Adha 2025: The Festival Of Sacrifice Brings Communities Together

Eid al-Adha, also known as Bakri Eid or the festival of sacrifice, stands as one…

2 hours ago

Overcoming Procrastination: Strategies That Help

Discover practical strategies to overcome procrastination, improve focus, and build habits that drive consistent productivity.

3 hours ago