Bookmark Bookmark

PRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR TEXTILES

PRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR TEXTILES

Context:

On 28 December 2021, the government of India has approved the Production Linked Incentive (PLI) Scheme for Textiles, with a financial assistance of Rs. 10683 crore over a five-year period. It has been done to promote the production of MMF Fabric, MMF Apparel and Products of Technical Textiles in the country.  

Key Highlights:

  • In this regard, the Operational Guidelines have been finalized and uploaded to http://texmin.nic.in/services/operational-guidelines-production-linked-incentive-pli-scheme-textiles-promoting-mmf-and
  • The Ministry of Textiles will accept online applications under the PLI Scheme for Textiles w.e.f. 01st January, 2022, via PLI portal https://pli.texmin.gov.in/mainapp/Default. 
  • The application window will remain open from 01/01/2022 to 31/01/2022.
  • In the event that an insufficient number of eligible applications, the application window for selecting new applicants will reopen.
  • On their application, companies will have to inform the Ministry of Textiles about their annual investment plan, expected employment generation, expected sales, profits during the management of the program, according to the guidelines.
  • Benefits worth Rs 10,683 crore will be given over five years for the production of man-made fabrics, clothing - jerseys, coats, pants, polyester suits and shirts, among others.

You might be interested:

RECOGNITION OF PRIOR LEARNING (RPL) PILOT PROJECT

RECOGNITION OF PRIOR LEARNING (RPL) PILOT PROJECT Context: On December 28, 2021, Shri Rajeev Chandrasekhar, Minister of State, Ministry of Skill Development and Entrepreneurship digitally launched a p ...

8 months ago

KANPUR METRO RAIL PROJECT

KANPUR METRO RAIL PROJECT Context: Prime Minister Shri Narendra Modi launched the completed section of the Kanpur Metro Rail Project on 28 December 2021. Improving urban mobility has been one of the G ...

8 months ago

ZIYUAN-1 02E

ZIYUAN-1 02E Context: On December 27, 2021, China launched an Earth observation satellite named “Ziyuan-1 02E” into space. Significance of the launch: For exploring natural resources the ...

8 months ago

MULTIPRODUCT PIPELINE FROM BINA REFINERY (MP) TO POL TERMINAL IN PANKI (UP)

MULTIPRODUCT PIPELINE FROM BINA REFINERY (MP) TO POL TERMINAL IN PANKI (UP) Context: On 28 December 2021, the Multiproduct Pipeline from Bina Refinery (MP) to POL Terminal in Panki, Kanpur (UP) was ha ...

8 months ago

24 NATIONAL BRIDGES AND THREE ROADS BY BORDER ROADS ORGANIZATION (BRO)

24 NATIONAL BRIDGES AND THREE ROADS BY BORDER ROADS ORGANIZATION (BRO) Context: On 28 December 2021, Raksha Mantri Shri Rajnath Singh dedicated 24 National Bridges and Three Roads, built by the Border ...

8 months ago

Daily News Digest:29 December 2021

FOURTH STATE HEALTH INDEXOn December 27, 2021, NITI Aayog released its fourth State Health Index for 2019-20. Kerala emerged as the best performing healthcare state for the fourth year in a row.N ...

8 months ago

Provide your feedback on this article: