Incentives of ~10% on additional production above a base threshold — across multiple sectors
The Government of India runs PLI schemes across various sectors to boost local manufacturing — including semiconductors, electronics design, medical devices and electric vehicles. Incentives are provided on incremental production achieved above a defined base year.
Example — If the base EV production for FY 2021–22 was 1,00,000 units and production for FY 2022–23 was 1,30,000 units, the incentive at 10% is payable on the additional 30,000 units × 10% of production cost.
Sectors covered
Semiconductors, electronics, EVs, medical devices and more
Incentive model
~10% on additional production above base year output
Eligibility
Companies achieving incremental production in notified sectors
Period
Multi-year incentive linked to sustained production growth
PLI incentivises you to produce more — the higher your incremental production above the base, the greater your subsidy benefit.