January 31, 2022
The initial date of submission was January 31st, 2022
The government had approved the PLI scheme for textiles in December 2021 with an approved outlay of INR 10,683 crores for five years
The textile PLI scheme was approved in September 2021 wherein factories based around aspirational districts or Tier-3 and Tier-4 cities will be prioritised
Under the scheme, FY 2024-25 will be considered as the first performance year
The Ministry of Textiles extended the timeline for submission of applications under the Production Linked Incentive (PLI) Scheme for textiles till 14th February 2022. The initial date of submission was January 31st, 2022. The application window was to remain open from 01-01-2022 to 31-01-2022 but the deadline has been extended by an additional two weeks.
The government had approved the PLI scheme for textiles in December 2021 with an approved outlay of INR 10,683 crores for five years to promote the production of man-made fibres (MMF) apparel, MMF fabrics, and technical textile goods. The ministry started to accept online applications for textiles from January 1, 2022.
The textile PLI scheme was approved in September 2021 wherein factories based around aspirational districts or Tier-3 and Tier-4 cities will be prioritised, benefiting states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, and Telangana.
Under the scheme, a company or a firm or a trust creating a separate manufacturing firm under the Companies Act, 2013, and investing a minimum of INR 300 crore (excluding land and building cost) to manufacture notified products can avail of the incentive, subject to the entity achieving a minimum turnover of INR 600 crore by the first performance year. In addition, a company, firm, or trust that is willing to create a separate manufacturing company and invest a minimum of INR 100 crore (excluding land and administrative building cost) to produce the notified products will be incentivized when they achieve a minimum turnover of INR 200 crore by the first performance year. FY 2024-25 will be considered as the first performance year.