PLI SCHEME FOR TEXTILE :-
Operative Period:
- The scheme is operational for five years, starting from FY 2021-22.
- Incentives will be provided based on performance from FY 2024-25 to FY 2028-29.
Eligibility Criteria:
- Companies registered in India with a focus on manufacturing MMF fabrics, MMF garments, or technical textiles.
- Minimum investment criteria:
- Category 1: Investment of 100 crore and incremental turnover of 200 crore in the first year.
- Category 2: Investment of 300 crore and incremental turnover of 600 crore in the first year.
- Applicants must meet the turnover and investment thresholds as per scheme guidelines.
Incentives:
- Category 1: Incentives of 15% in Year 1, reducing by 1% per year thereafter.
- Category 2: Incentives of 11% in Year 1, reducing by 1% per year thereafter.
- The incentive is based on incremental sales of eligible products over the base year turnover.
Important Notes:
- Only new investments made after September 24, 2021, are considered eligible.
- Units must comply with environmental and labor regulations.
- Beneficiaries cannot avail of benefits from other similar central government schemes.
- The scheme focuses on creating an integrated textile value chain, ensuring long-term industry sustainability.