Govt pays PLI incentives worth Rs 2,874 crore towards 8 sectors in FY23

Empowered group of secys, NITI Aayog review some sectors to bring them to 'acceptable levels'

Claims under the production-linked incentive (PLI) scheme stood at Rs 3,420 crore in 2022-23 (FY23), of which the government paid incentives of Rs 2,874 crore to PLI beneficiaries until March across eight sectors — mobile manufacturing, information technology hardware, pharmaceutical (pharma), bulk drug, medical device, telecommunications (telecom), food processing, and drone.

This translates into 1.4 per cent of the Rs 1.97 trillion that has been allocated for five years towards the scheme. The incentive payout is set to peak over the next two to three years, which will be crucial, Additional Secretary in the Department for Promotion of Industry and Internal