Concerned departments where the production-linked incentive scheme is not picking up may consider some course correction in the plan, a top government official said on Tuesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the concerned ministries have to see if PLI disbursement is low or if firms are not able to meet their performance thresholds, in such cases, sometime relaxations may be required like the way it has been done for the IT sector.
Last month, the government announced the PLI 2.0 for IT Hardware with a budgetary outlay of Rs 17,000 crore.
“We are hopeful of utilising Rs 1.97 lakh crore for the scheme…but in an individual scheme, there may be some course correction,” Singh told reporters here.
The government has announced the PLI (production-linked incentive) scheme for as many as 14 sectors, such as telecommunication, white goods, textiles and pharma with an outlay of Rs 1.97 lakh crore.
The government has…