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Interim Budget 2024: Govt focuses on Make in India, PLI allocation surges for several manufacturing sectors - Vimarsana News

Interim Budget 2024: Govt focuses on Make in India, PLI allocation surges for several manufacturing sectors

Allocation for the Production Linked Incentive (PLI) Scheme increased significantly for domestic manufacturing.

PLI allocation: Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs' regulatory focus - Vimarsana News

PLI allocation: Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs' regulatory focus

The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.

Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs' regulatory focus, ET Retail - Vimarsana News

Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs' regulatory focus, ET Retail

PLI Allocation: The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.