Ministry of Steel
IMPLEMENTATION OF PLI
Posted On:
18 MAR 2025 2:00PM by PIB Delhi
Production Linked Incentive (PLI) Scheme for Specialty Steel was launched with an overall budget of Rs.6,322 crore in July, 2021 to promote the manufacturing of 'Specialty Steel' within the country and reduce imports by attracting capital investments. Performance of the scheme is regularly monitored by the Ministry. The current status of the PLI Scheme for specialty steel is as follows:-
|
|
Commitment during scheme tenure by selected companies
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Actual achievement up to 31st December, 2024
|
|
Investment (Rs. Cr)
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27,106
|
18,850
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|
Production (in ‘000t)
|
7,940
|
1258
(928 in FY 24-25)
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|
Employment (in Nos.)
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14,760
|
8,930
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Incentive Disbursement(Rs.Cr.)
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--
|
48*
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Disbursement claim in FY 2024-25
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To ensure wider participation irrespective of the company size, following steps have been taken:-
- Launch of dedicated web portal for PLI Scheme and wide publicity through media.
- Frequent webinars with companies that expressed interest to participate in the scheme.
This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.
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TPJ/NJ
(Release ID: 2112156)
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