Govt disburses Rs 35,354 crore as on March 31 under PLI schemes: Jitin Prasada

Production Linked Incentive schemes, which aim to boost manufacturing and attract significant investments, have disbursed Rs 35,354 crore to beneficiaries, the Rajya Sabha was informed. Approved applications across fourteen sectors have shown subs...

Agencies
Production Linked Incentives (PLI) scheme
New Delhi: The government has disbursed Rs 35,354 crore to beneficiaries of the Production Linked Incentive (PLI) schemes as on March 31 this year, Parliament was informed in the Rajya Sabha on Friday.

The government has launched the PLI schemes in 2020 for 14 key sectors with an approved outlay of Rs 1.91 lakh crore to enhance India's manufacturing capabilities, attract investments, promote exports, generate employment and reduce import dependence.

In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said as "on March 31, 2026, under the PLI schemes, 892 applications have been approved across 14 sectors, resulting in actual investment of over Rs 2.40 lakh crore, production/sales of over Rs 22.66 lakh crore, exports of over Rs 15.2 lakh crore, employment generation of over 14.15 lakh (direct and indirect) out of which 8.4 lakhs is Direct employment and cumulative incentive disbursement of Rs 35,354 crore".


Also read | Bhadohi to Brooklyn: India's small towns are set to go global

He said that the pharmaceuticals sector has recorded cumulative sales of over Rs 3.64 lakh crore under the scheme.

It has also enabled the domestic manufacture of 1,931 pharmaceutical products, including 191 bulk drugs manufactured in India for the first time, thereby strengthening domestic manufacturing capabilities, he added.
ADVERTISEMENT

Also read | Pulses import bill shrinks as global prices fall, local production rises
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › India › Govt disburses Rs 35,354 crore as on March 31 under PLI schemes: Jitin Prasada
Text Size:AAA
Success
This article has been saved

*

+