Under The Production Linked Incentive schemes in sectors pertaining to textile and newer departments of toys and furniture, the Goverment is likely to lower the minimum Investment and Turnover criteria, as an upliftment for manufacturing in the Tier 2 and Tier 3 cities.
The idea for lower eligibility criteria for investments in Tier-2 and Tier-3 cities is probable to be proposed at the review meeting for PLIs conducted by the Minister of Commerce and Industry, Piyush Goyal
The participants including the stakeholders, Project management agencies, representatives from Line Ministries and Departments, and NITI Aayog will provide their asssesments and suggestions for the scheme.
Having a sluggish start, the PLI scheme has had disbursals of just Rs.2900 crore far out of the compilation of Rs 1.97 lakh crore.
A source revealed that Lowering the thresholds for Tier 2 and Tier 3 cities might allow small investors benefit from the scheme in the arena of textiles through the one being planned for it, as smaller investors have been suffering from high threshold levels of investments along with disincentives.
