What and Why of PLI schemes?
By Dr.P.Sangeetha “The state of the world today teaches us that self-Reliant is the only path” PLI Scheme – Production Linked Incentive Scheme (Potential to boost India’s Manufacturing) PLI scheme is an initiative started by Government of India in March 2020 to not only encourage foreign companies to find workforce in the country to generate employment, but to make India a competitive player in the global market and boost domestic manufacturing & exports. Through the PLI scheme, the Government intends to promote its flagship Make-In India program and it is a part of Atmanirbhar Bharat. What is a PLI Scheme? PLI stands for Production Linked Incentives. The Government provides incentives for the companies that shows incremental sales of Indian manufactured products. It is a reward for increased domestic production. India’s Finance Minister has announced an outlay of INR 1.97 Lakh Crores for PLI Schemes across 13 key sectors in the Union budget 2021-22. Finance Minister