Production Linked Incentive Scheme with ₹1.91 Lakh Crore Outlay Drives Strong Industry Participation Across 14 Strategic Sectors

• Production Linked Incentive (PLI) Scheme — flagship industrial policy instrument that pays incentives (4–6%+) on incremental sales of goods manufactured in India over a defined base year, to deepen manufacturing and substitute imports.
• Spans 14 strategic sectors with a combined incentive outlay of ₹1.91 lakh crore (originally announced as ₹1.97 lakh crore in Budget 2021-22).
• Critical for UPSC GS-III: links to Atmanirbhar Bharat, Make in India 2.0, trade deficit, electronics/semiconductor strategy, and current account balance.