How many sectors are there in PLI?

13 sectors
With the announcement of PLI Schemes for 13 sectors, minimum additional production in India is expected to be around ₹ 37.5 lakh crore over 5 years and minimum expected additional employment over 5 years is nearly 1 crore.

How many PLI schemes are there in India?

Under this scheme are a whole lot of concessions for EV makers. Recently, the Indian government identified 13 priority sectors where PLI schemes will be launched with a total outlay of Rs 2 trillion.

What are the sectors under PLI scheme?

About Production Linked Incentive (PLI) Schemes Electronic/Technology Products: Ministry of Electronics and Information Technology. Pharmaceuticals drugs: Department of Pharmaceuticals. Telecom & Networking Products: Department of Telecommunications. Food Products: Ministry of Food Processing Industries.

What is production linked incentive PLI?

The scheme shall extend an incentive of 4\% to 6\% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of five (5) years subsequent to the base year as defined.

What is production linked incentive scheme of Government of India?

The PLI schemes provide eligible manufacturing companies incentives ranging from four to six percent on incremental sales over the base year of 2019-20 for a four to six-year period. It is like a subsidy being provided by direct payment – as budgeted – for domestically manufactured goods by the chosen beneficiaries.

What is production linked scheme?

What does production linked incentive mean?

PLI Scheme, as the Production Linked Incentive Scheme is commonly abbreviated as, is an initiative started by the Government of India to not only encourage foreign companies to find workforce in the country and thereby generate employment, but also encourage domestic and local production to create micro jobs.