Government disburses ₹1,596 crore in six PLI schemes during April-September quarter of FY25

The government has disbursed ₹1,596 crore under Production-Linked Incentive (PLI) schemes for six sectors, including electronics and pharma, during the April-September this fiscal.

In 2021, the government announced PLI schemes for 14 sectors, including telecommunication, white goods, textiles, medical device manufacturing, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma, with an outlay of ₹1.97 lakh crore.

Out of the total ₹1,596 crore, the maximum amount of ₹964 crore was disbursed under the PLI scheme for large-scale electronics manufacturing. It was followed by pharma (₹604 crore), food products (₹11 crore), telecom (₹9 crore), bulk drugs (₹6 crore) and drones (₹2 crore). Incentives disbursed till 2023-24 stood at ₹9,721 crore.

The scheme is having a cascading effect on the country's MSME ecosystem. The anchor units built in every sector will require a new supplier base in the entire value chain. Most of these ancillary units will be built in the MSME sector.

Further, as of August 2024, across 14 sectors, investment of ₹1.46 lakh crore have been realised, which has resulted in incremental production/sales of over ₹12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing ₹4 lakh crore. Over 760 applications have been approved under PLI schemes.

The departments implementing their respective schemes are responsible for the disbursals. The schemes aim is to attract investments in key sectors and cutting-edge technology; ensure efficiency, bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.