PLI scheme: Disbursement to touch Rs 13,000 crore this year, says DPIIT secretary
PLI scheme for certain sectors, the disbursement under the same is expected to touch Rs 13,000 crore this year, Department for promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on August 11. It may be noted here that till March 2023, the government disbursed just Rs 2,900 crore out of Rs 3,400 crore claims received under the scheme.
As regards when the full corpus would be disbursed, Singh said it was difficult to tell as many factors come into play in this. Savings from the scheme are being considered for other PLI schemes or for restructured PLI schemes, he added.
The sectors where the scheme is not picking up speed include high-efficiency solar PV modules, advanced chemistry cell (ACC) batteries, textile products and speciality steel. The ones where it has picked up speed include electronics, pharma, medical devices, telecom, food processing, and white goods.
Efforts are on to solve issues like timely processing of claims, visa-related matters where vendors require Chinese professionals' expertise, and delay in getting environmental clearances that have been raised by the stakeholders of production-linked incentive (PLI) schemes. The PLI scheme was announced in 2021 for 14 sectors that included telecommunications, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.
The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector; and make Indian companies and manufacturers globally competitive. These schemes for
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