The second round of the Production Linked Incentive (PLI) scheme for specialty steel launched on January 6, 2025. It operates within the allocated budget. The scheme aims to guarantee wider participation across all company sizes. Key initiatives include:
- Dedicated web portal for PLI scheme 1.1 with extensive media promotion, focusing on specialty steel.
- Frequent webinars for companies interested in participating in the scheme.
- Relaxed participation rules, allowing companies to invest 50% in facility augmentation to qualify under notified sub-categories of the scheme.
Reference
BENEFITS UNDER SECOND ROUND OF PLI SCHEME VIS-A-VIS PLI SCHEME
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