Business Standard

PLI scheme nodal agencies under watch as Centre readies for review

Centre mulls strategy to ensure powers given to the agencies are not misused

PLI scheme nodal agencies under watch as Centre readies for review
Premium

Shreya Nandi New Delhi

Listen to This Article

The Centre is taking a hard look at agencies responsible for implementing the ambitious production-linked incentive (PLI) scheme to ensure that the powers given to them are not misused, people aware of the matter said.

The PLI schemes, 14 in all, are being implemented through five project-monitoring agencies (PMAs) — Industrial Finance Corporation of India (IFCI), Small Industries Development Bank of India (Sidbi), Metallurgical and Engineering Consultants (MECON), Indian Renewable Energy Development Agency (IREDA), and Solar Energy Corporation of India (SECI).
 
These entities, all government-owned, are nodal agencies responsible for providing “managerial and implementation” support to the ministries rolling out their

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

First Published: Jun 18 2023 | 11:02 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