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Empowered committee in PLI scheme approves Rs 1000 cr disbursement in electronics sector

Monday, 16 Oct 2023
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The Empowered Committee in production-linked incentive (PLI) scheme has approved Rs 1,000 crore disbursement to beneficiary firms in the electronics sector. The government disbursed Rs 2,900 crore till March 2023, out of claims worth Rs 3,400 crore received under the scheme.

This would be the first disbursement of the current financial year. As many as 32 beneficiaries had been approved under the PLI scheme for large-scale electronics manufacturing, including mobile phones and specified electronic components.

The Committee comprised NITI Aayog, Department for Promotion of Industry and Internal Trade, Ministry of Electronics and Informational Technology, and representatives from the Department of Expenditure, Department of Revenue, Department of Economic Affairs and office of Directorate General of Foreign Trade (DGFT). The committee gives its recommendations for disbursal of incentive to the selected beneficiary under the PLI scheme. 

The scheme was announced in 2021 for 14 sectors. 

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