PLI Scheme, as the Production Linked Incentive Scheme is commonly abbreviated as, is an initiative started by the Government of India to not only encourage foreign companies to find workforce in the country and thereby generate employment, but also encourage domestic and local production to create micro jobs.
OVERVIEW OF PRODUCTION LINKED INCENTIVE SCHEME
|Name||PRODUCTION LINKED INCENTIVE SCHEME|
|Also known as||PLI schemes|
|Launched on||April 2020|
|Launched by||PM Narendra Modi|
|Launched under||Aatmanirbhar Bharat Campaign|
|Sector||Central Sector Scheme|
|Official website||Production Linked Incentive (PLI) Scheme in India|
OBJECTIVE AND BENEFITS OF PRODUCTION LINKED INCENTIVE SCHEME
Due to the niche and specificity of PLI linked sectors, that mostly involve careful and attentive focus on manforce and creating, PLI can enhance building systems to adjust to climate change and even essentially reverse it in the many years to come.
HOW TO APPLY FOR PRODUCTION LINKED INCENTIVE SCHEME
•Local Production and Assistance