Ministries/Depts concerned preparing EFC notes and will seek Cabinet nod soon.
Implementation of production-linked incentive (PL) schemes worth up to 145 lakh crore for 10 key sectors announced recently by the government is likely soon.
All Ministries and Departments concerned are working towards preparing the expenditure finance committee (EFC) note within the stipulated timelines so that Cabinet approval can be sought early. Guruprasad Mohapatra, Secretary Department for Promotional Industry and Internal Trade (DPIT), has said.
Under the scheme, Incentives will be extended for manufacturing and Investing in India. The final proposals of Pu for Individual sectors will have to be appraised by the EFC and approved by the Cabinet.
“DPIT is regularly interacting with all concerned ministries/departments to review the timelines for implementation of their respective PI schemes, Feedback received indicates that the EFC notes for all the schemes will be prepared within stipulated time lines and Cabinet approval will be sought very soon. Thereafter, schemes will be notified and implemented within three-four months,”.
The PLI Scheme, aimed at boosting domestic manufacturing and exports in line with the country’s manirbhar Bharat policy was recently announced for 10 sectors and auto components, pharmaceuticals, speciality steel telecom & networking, electronic products, white goods (ACs and LEDS), textiles, solar IV modules, food products and ACC Battery.
Atmanirbhar Bharat
Under the scheme, incentives will he extended for manufacturing and investing in india.
The final proposals of PIL for individual have to be appraised by the EFC and approved by the Cabinet. The PLI scheme will be implemented by the concerned Ministries Departments and will be within the overall financial limit prescribed. The largest financial outlay has been given to the PLIs on automobile and auto components and advanced chemistry cells.
