Budget 2023-24: Govt set to pay out Rs 4K cr under PLI by March end

Budget may extend the scheme to 6-7 more sectors such as toys and leather

The government is set to pay Rs 4,000 crore by March to beneficiaries of the production-linked incentive (PLI) scheme as it lines up its expansion, likely to be announced in the Budget.

“The first instalment towards seven schemes (of the 14) will be paid by March. Instalments for mobile manufacturing, pharmaceuticals, and food processing have been paid,” a senior government official said.

The Budget may extend the PLI scheme to six-seven more sectors such as toys, garments and home textiles, electronics, bicycle components, leather, and furniture.

The government rolled out the PLI scheme in automobiles, drones, specialty steel, textiles, new