Production Boost
- Govt has set aside Rs1.98 lakh cr for PLI scheme
- Till March, Rs2,900 cr worth incentives were disbursed
- Rs1,000-cr addl incentives for this year has been granted for electronics mft
New Delhi: The government is expected to start disbursement of fiscal incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production-linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. “In the last quarter (January-March), we are expecting some disbursements,” Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.
Of the 64 selected beneficiaries of the PLI scheme, 15 have started production. These 15 beneficiaries had opted for a gestation period of up to March 31, 2022. Rest of the beneficiaries who opted for gestation period of up to March 31, 2023, are at different stages of implementation.
