The Ministry of Textiles on 28th December 2021 has published the Production Linked Incentive (PLI) Scheme for Textiles for Promoting Manmade fibre and technical textiles segments.
The PLI Scheme is intended to promote production of MMF Apparel & Fabrics and Technical Textiles products in the country to enable textile industry to achieve size and scale; to become globally competitive and a creator of employment opportunities for people. The scheme is to support creation of a viable enterprise and competitive textile industry.
The Scheme is in operation from 24.09.2021 (Date of Notification) to 31st March 2030 and the incentive under the Scheme will be payable for a period of 5 years only. The Participant shall be eligible for the incentives on achieving threshold investment and threshold/incremental turnover.
There will be a provision of cap of 10% over and above the prescribed minimum incremental turnover growth of 25% for the purpose of calculation of incentives from Year 2 onward. Turnover achieved beyond that cap will not be taken into account for calculation of incentive. However, for Year 1 the cap of 10% will be applied over and above turnover of two times of the investment made under the Scheme up to 2024-25. Turnover achieved beyond two times of investment + 10% shall not be accounted for calculation of incentives in Year 1.
The Ministry of Textiles will accept online applications under the PLI Scheme for Textiles w.e.f. 01st January, 2022, through PLI portal https://pli.texmin.gov.in/mainapp/Default. The application window will remain open from 01-01-2022 to 31-01-2022.
The Applicant/ Participant shall furnish undertakings as prescribed along with the application for selection as well as for claiming benefits duly signed by its authorised signatory.
