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Electronics manufacturing leads PLI scheme as output jumps 146%
The Sunday Guardian
|January 18, 2026
Electronics manufacturing, especially of mobile phones, has emerged as a standout performer, in the Performance Linked Incentive (PLI) scheme, with production rising 146% from Rs 2.13 lakh crore in the Financial Year 2021 to Rs 5.45 lakh crore in Financial Year 2025, as per the data shared by the CareEdge Ratings.
The rise in production was aided by USD 4 billion FDI inflows, 70% of which came to PLI beneficiaries, the rating agency said.
However, the report highlighted that the total budgetary outlay towards the PLI scheme covering 14 sectors stands at Rs 1.97 lakh crore. In contrast, the aggregate PLI disbursements up to September 2025 stood low at Rs 23,946 crore, representing only 12% of the total envisaged PLI disbursement.
The pace of disbursement has shown signs of a pickup, with Rs 10,112 crore in incentives disbursed during FY25, with further disbursements of Rs 19,742 crore expected during FY26, it said.
Disbursements stood at Rs 2,968 crore in FY23, before more than doubling to Rs 6,753 crore in FY24.
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