Implementation of the Production Linked Incentive (PLI) Scheme
In the launching of the year 2020, this scheme was applicable in three industries. These were mobile and allied component manufacturing, medical devices and their component and electrical component Manufacturing.
After the initial success of the PLI scheme, the government extended it to 14 sectors. Automobiles and auto parts, electronics and IT hardware, telecom, pharmaceuticals, solar cells, metals and mining, textiles and clothing, white goods, drones, and advanced chemical cell batteries are some examples of these industries.
Production Linked Incentive (PLI) Scheme
Production Linked Incentive scheme is a flagship programme of the Government of India, started in March 2020. The programme is started to boost manufacturing activity in India. In simple words, incentives are linked with production. It means more production and more incentives. The main objective of this programme is to discourage the import of goods and increment the employment in the country.