Govt notifies major amendments to PLI scheme for textile products

Under the revised scheme, more products have been added to the list of eligible items for receiving govt’s financial support

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The Textile Ministry on Thursday announced significant amendments to the Production Linked Incentive Scheme for textile products with an aim to address challenges faced by the industry and encourage fresh investments.

The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include expansion of products eligible to receive sops, reduction in minimum investment threshold by half, and lowering incremental turnover criteria for availing incentives to 10 per cent from 25 per cent earlier.