The total incentive outgo under the ambitious production-linked incentive (PLI) scheme is estimated to be less than Rs. 40,000 crore by the fiscal year 2024-25 (FY25), when it completes the fourth year of implementation, according to the government’s internal estimates.

       This means only a fifth of the allocated Rs. 1.97 trillion is expected to be utilised by the end of FY25, indicating that not all the 14 PLI schemes would have taken off fully.

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