Production Linked Incentive (PLI) Scheme Framework
The PLI scheme is India's flagship industrial policy instrument to boost domestic manufacturing, reduce import dependence, and create large-scale employment. Launched in 2020–21, the PLI covers 14 sectors with a combined outlay of over ₹1.97 lakh crore. Unlike capital subsidies alone, PLI ties incentives to incremental production/sales over a baseline year, encouraging genuine output growth.
- The REPM scheme combines a capital subsidy (₹750 crore) for facility construction with a sales-linked incentive (₹6,450 crore) over 5 years — a hybrid design.
- The total outlay of ₹7,280 crore (~$780 million) makes this one of the larger individual PLI-type schemes.
- Eligible product: sintered neodymium-iron-boron (NdFeB) magnets, the most powerful class of permanent magnets.
● Tracked since April 07, 2026 · last seen August 21, 2026 · updates as the daily brief publishes
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