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Secretary in the Department for promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the government is expected to disburse about Rs 13,000 crore to eligible firms seeking benefits under the production linked incentive (PLI) schemes, even though an exercise is going on to tweak the scheme for those sectors which have not yet picked up well. He said from the current year onwards, the disbursal number will be significantly larger. The government disbursed only Rs 2,900 crore till March 2023 out of Rs 3,400 crore claims received under the scheme so far.

Asked about when the full fund would be disbursed, Singh said ‘it is difficult to say as so many factors come into play. But we expect that during the tenure of the scheme, a good part (of that) will get exhausted’. He said savings from the scheme are already being considered for other PLI schemes or for restructured PLI schemes. When asked about the restructured PLI schemes, he said those are under various stages of inter-ministerial consultation.

Singh also said that ‘Rs 78,000 crore actual investments have already happened and we have already generated sales of over Rs 6 lakh crore, exports are boosted overall by Rs 2.6 lakh crore till 2022-23 adding about 4 lakh employment’. When asked about extending the PLI scheme for more sectors like toys, he said an inter-ministerial process is on for that.