BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank
banner

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.


Share:
 

Get a call back

Fill the below form to get free counselling for UPSC Civil Services exam preparation

 
UPSC DAILY CURRENT AFFAIRS

 
Indian Ocean humpback dolphin (Sousa plumbea)
 
Indian Ocean humpback dolphin (Sousa plumbea)
 
DARK WEB AND NATIONAL SECURITY
 
DARK WEB AND TERRORISM
 
Finance Commission :Simplifier
 
Laws to combat superstition
 
Indian Foreign Policy and Strategic autonomy
 
Puja Khedkar and UPSC
 
ICAR : ‘ONE SCIENTIST ONE PRODUCT’
 
CROWDSTRIKE AND THE WINDOWS BSOD OUTAGE
 
ASHOKA CHAKRA IN THE INDIAN FLAG
 
Top ten most populous countries as of 2024:
 
Top ten largest countries by land area:
 
Lok Sabha Business Advisory Committee:
 
India's Electronic Sector and Global Value Chains