Production Linked Incentive (PLI) Scheme for MSMEs
The Production Linked Incentive (PLI) scheme for MSMEs is a central government initiative designed to bolster India's manufacturing capabilities by offering financial incentives based on incremental sales. Targeted at micro, small, and medium enterprises, the scheme spans across multiple strategic sectors including electronics, telecommunications, food processing, and pharmaceuticals. By providing a percentage-based incentive on incremental turnover compared to a base year, the scheme aims to reduce import dependency and make Indian goods globally competitive. It encourages MSMEs to scale their production facilities, invest in research and development, and integrate into global value chains. The scheme plays a pivotal role in the 'Make in India' mission by fostering a robust industrial ecosystem and generating large-scale employment opportunities across the manufacturing landscape.
Eligibility
- • Target: founder
- • Category: Manufacturing & MSME
- • State: All India
Documents required
- ☐ Udyam Registration Certificate
- ☐ Company Incorporation Certificate
- ☐ Audited Financial Statements for last 3 years
- ☐ GST Registration and Returns
- ☐ Detailed Project Report (DPR)
- ☐ Investment Proofs
- ☐ PAN Card of the Entity
Frequently asked questions
Who is eligible for Production Linked Incentive (PLI) Scheme for MSMEs?
Targeted at founders in All India under the Manufacturing & MSME category. Verify full eligibility on the official portal before applying.
What is the benefit amount?
Incentives ranging from 4% to 6% on incremental sales over the base year for five years.
How do I apply?
Apply directly on the official government portal linked above. YojanaRadar never charges to apply for any government scheme.
Is the deadline fixed?
Rolling applications. Confirm on the official portal.