Business Standard

Budget 2023-24: Govt set to pay out Rs 4K cr under PLI by March end

Budget may extend the scheme to 6-7 more sectors such as toys and leather

Illustration: Ajay Mohanty
Premium

Illustration: Ajay Mohanty

Shreya Nandi New Delhi
The government is set to pay Rs 4,000 crore by March to beneficiaries of the production-linked incentive (PLI) scheme as it lines up its expansion, likely to be announced in the Budget.

“The first instalment towards seven schemes (of the 14) will be paid by March. Instalments for mobile manufacturing, pharmaceuticals, and food processing have been paid,” a senior government official said.

The Budget may extend the PLI scheme to six-seven more sectors such as toys, garments and home textiles, electronics, bicycle components, leather, and furniture.

The government rolled out the PLI scheme in automobiles, drones, specialty steel, textiles, new

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 26 2023 | 8:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com