Production-Linked Incentive Scheme

The Production-Linked Incentive (PLI) Scheme is a government initiative that encourages companies to boost domestic manufacturing by offering financial rewards based on their production output. Essentially, businesses that meet specific production targets receive incentives, making it more attractive to produce goods locally instead of importing. This scheme aims to promote industry growth, increase employment, and reduce reliance on imports, ultimately strengthening the country's manufacturing sector and global competitiveness.