PLI incentive disbursement falls short of target

New Delhi: Out of the approved incentive outlay of Rs 1.97 lakh crore and a target of Rs 11,000 crore for the current financial year, actual disbursement under the Production Linked Incentive (PLI) scheme is just Rs 4,415 crore, as per data shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday.

Talking to reporters, DPIIT Additional Secretary Rajeev Singh Thakur said incentive amounts have been released to eligible companies belonging to eight sectors. The PLI scheme has been extended to 14 sectors. So there is no disbursal of any incentive amount to companies belonging to six sectors.