PRODUCTION LINKED INCENTIVES
ABOUT PRODUCTION LINKED INCENTIVE “PLI” SCHEME:
During the Financial Year (2019-2020) the Government of India, on behest of the Trade Bodies recommendations, worked out and approved the Production Linked Incentives (PLI) Scheme for 10 Key sectors in order to not only enhance India’s manufacturing capabilities but at the same time generate employment, thus seeking to propel the economy. 10 Key sectors were chosen and approved by India’s Cabinet as per vision 2025. For this, a total outlay of Rs 1.98 Lac Crores is pegged to be incentivised.
Jotwani Associates assists Clients with the following:
The Production Link Incentives (“PLI”) vary from 4% to 6% of revenues, based on incremental sales and investments. The definition of sales, investments, thresholds eligibility and incentives are different, for different sectors. Therefore, Jotwani Associates advises to follow the steps enumerated as below:
SECTORS, MINISTRY AND PRODUCTS