Production Linked Incentive Scheme
The government made a 1.97 trillion rupees corpus to facilitate this scheme for various sectors and an additional allocation of rupees 19500 crores for solar PV modules in budget 2022-23. The Government want to create India as an export-oriented country. So, India first decides to create special economic zones, industrial parks and industrial corridors like Defence corridor (one is in Uttar Pradesh, then in Tamil Nadu. After completing this infrastructure, the government have to attract FDI and implement these industrial parks and corridor.
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.