Finance Minister Sitharaman says PLI scheme has created 7 lakh jobs with 1.07 lakh crore investment [Video]

Union Finance Minister Nirmala Sitharaman on Wednesday (February 7) said the government has committed around ₹ 1.07 lakh crore under the Production Linked Incentive (PLI) scheme and 7 lakh jobs were created.

While replying to a debate on the Union Interim Budget, Sitharaman revealed a substantial increase in the outlay for the Production Linked Incentive scheme, rising from ₹8,965 crore in the FY24 Budget Estimate to ₹16,021 crore for FY25.

Sitharaman disclosed that the government’s commitment of approximately  ₹1.97 lakh crore over five years, starting from 2021-22 under the PLI scheme, has already yielded substantial results.

Moreover, she emphasised the scheme’s success in promoting exports, with ₹3.40 lakh crore worth of exports facilitated by the PLI initiative. The Finance Minister noted that ₹8.7 lakh crore worth of production and sales have been generated.

Highlighting the fiscal year 2025’s capital expenditure, Sitharaman noted a 17% hike over the Revised Estimate (RE) of …