Cabinet Approves Production-Linked Incentive Scheme for Key Sectors to Boost Manufacturing & Exports

The Cabinet Committee on Economic Affairs, CCEA, has approved the continuation and revamping of the Scheme for Financial Support to Public-Private Partnerships in Infrastructure Viability Gap Funding Scheme till 2024-25 with a total outlay of eight thousand 100 crore rupees. Briefing reporters in New Delhi after the Cabinet meeting yesterday, Finance Minister Nirmala Sitharaman said, the aim of this Scheme is to promote Public-Private Partnerships in social and economic infrastructure, leading to efficient creation of assets and ensuring their proper operation and maintenance



and make the economically and socially essential projects commercially viable.   

The Union Cabinet has likewise affirmed the creation connected impetus (PLI) plot for 10 key areas for improving India's assembling capacities and fares. These areas incorporate Telecom and Networking Products, Pharmaceutical and Drug, Automobile and Auto parts, Textile items, and Food items. 

Industry body FICCI has said that the declaration of PLI conspire for ten areas by the Government is a significant lift for the assembling area.