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PLI Scheme for Toys and Leather, Footwear Industries



  Feb 02, 2024

PLI Scheme for Toys and Leather, Footwear Industries



Q: What is the PLI scheme mentioned in the interim Budget?

A: The Production-Linked Incentive (PLI) scheme is a government initiative designed to boost domestic manufacturing across various sectors by providing incentives linked to production levels.
Q

: Which sectors are the new PLI schemes targeting?

A: The new PLI schemes are targeting the toys, leather, and footwear industries.

Q: How much is the budgetary outlay for the PLI schemes for these sectors?

A: The interim Budget has pegged disbursements from PLI at Rs.6,200 crore for the next fiscal year for these sectors, which is about 33% higher than the estimated Rs.4,645 crore this fiscal.

Q: What is the scheme period for the proposed PLI scheme for leather and footwear?

A: The scheme period for the proposed PLI scheme for leather and footwear is FY24 to FY32.

Q: How will the PLI outlay affect the toys sector?

A: The PLI outlay for the toys sector is expected to see an increase, with a recommendation for an outlay of Rs.3,489 crore for the scheme period of FY25 to FY32.

Q: Are there any specific targets for the expected increase in disbursements for the PLI scheme?

A: Yes, the document suggests that the government is expecting the PLI disbursements of PLI to cross Rs.11,000 crore this fiscal.

Q: What does the yearly outgo of incentives depend on?

A: The yearly outgo of incentives under the PLI scheme depends upon variables. The benefits availed by a manufacturer under the existing FLDP scheme shall be adjusted while calculating the incentives for the same unit under this PLI scheme.

Q: Has the Cabinet approved the token outlay for FY25?

A: No, the token outlay for FY25 has not yet been approved by the Cabinet. It is still a recommendation, and the approval is pending.

Q: What does the expected increase in PLI disbursements indicate?

A: This increase indicates the government’s push to strengthen domestic manufacturing sectors and to boost exports, which is seen as a pivotal role in India’s post-pandemic economic recovery.


Understanding the PLI Scheme Impact
 

Q: How does the PLI scheme support domestic industries?

A: The PLI scheme aims to make Indian manufacturers globally competitive by incentivizing them to enhance their production output and thereby increase their efficiencies and export capabilities.


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