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