Union Cabinet Approves Rs 26,000-Cr PLI Scheme for Auto Sector, Drone PLI Scheme: Sources

union cabinet approves rs 26000 cr pli scheme for auto sector drone pli scheme sources

Sumary of Union Cabinet Approves Rs 26,000-Cr PLI Scheme for Auto Sector, Drone PLI Scheme: Sources:

  • The production-linked incentive (PLI) scheme for the automobile sector, which is on the cards, aims at promoting domestic manufacturing and creating jobs.
  • The scheme will now only incentivize makers of electric and hydrogen fuel cell vehicles, sources had earlier said.
  • It has been reduced to Rs 25,938 crore because the scheme will now only incentivize makers of electric and hydrogen fuel cell vehicles, sources had earlier said.

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