Home / Economy / News / Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon

Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon

Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI

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The products were identified and recommended by the Steering Committee for Advancing Local Value-Add and Exports (SCALE) committee comprising top industrialists and officials from commerce and industry ministry

Shreya Nandi New Delhi

2 min read Last Updated : Mar 05 2023 | 11:50 PM IST

The government has finalised two new production-linked incentive (PLI) schemes worth over Rs 7,000 crore to give impetus to domestic manufacturing of items, such as toys and bicycle components.

As much as Rs 3,489 crore is expected to be allocated towards the PLI scheme for toys and Rs 3,597 crore for bicycle components, people aware of the matter told Business Standard. A Cabinet note regarding the same has already been floated.

“Once we get an approval from the Cabinet regarding these two schemes, we plan to finalise the rules and confirm the applications by the end of the next fiscal

Topics : PLI scheme manufacturing Bicycle

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