PLI Scheme Explained | Budget Rs 2 Lakh Cr. | Top Sectors and companies that would benefit from PLI

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Disclaimer: This video is only for educational purpose. Consult your financial Advisor before investing your money.

What is the PLI Scheme?

The entire idea behind this scheme is to boost domestic production and cut down on imports. This scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. For example, if a company manufactures 10,000 units in India on an annual basis then increases to 20,000 units, the government will issue an incentive for the additional 10,000 units. So that the manufacturers could either produce more for the Indian market or produce in India to export to other countries.
PLI scheme would benefit both domestic manufacturers and global players who intend to set up their manufacturing facilities in India. This would create huge employment opportunities in India and make India one of the major manufacturers in the world.
On an average, this scheme budget is spread over a period of 3-5 years.

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