Union Minister of Steel and Heavy Industries, Shri H. D. Kumaraswamy, launched the second round of PLI scheme for Specialty Steel, termed as PLI Scheme 1.1 on January 6, 2025
Eligibility to participate in PLI Scheme 1.1
Steel manufacturers engaged in end-to-end steel manufacturing in India
• Companies creating new facility and augmenting existing facilities can apply
• The companies participating in PLI scheme 1.0 scheme shall be eligible to apply for
the same product sub-category or different product sub-categories under PLI
scheme 1.1. However, the project(s) of any company under the PLI scheme 1.0 for
which MoU has been signed shall not qualify to participate in the PLI scheme 1.1
• Commitments to investment and incremental production necessary as per threshold
• 50% of threshold investment allowed in case of augmentation
PLI rate for each product sub-category year-wise
Min. Qualifying Thresholds
Annual incremental production rate: Each applicant shall submit annual incremental production rate (%) year-wise along with production quantity over the scheme period against each applied product sub-category. The committed annual incremental production rate must be equal to or more than the respective threshold incremental production rate mentioned in Annexure-III for each product sub-category. The annual incremental production rate shall be applicable on the committed production by applicants for each year of the scheme tenure except first year.
The criteria for commitment for the first year shall be as follows. – For capacity addition,It shall be any production quantity as committed by applicant. However, in case of capacity augmentation, the production commitment shall be more than the highest of the production in last 3 preceding financial years i.e. FY 2021-22, FY 2022-23 & FY 2023-24 of the applied product sub-category. Annual Incremental production rate shall be applicable till rated capacity is achieved.
Limiting investment is a condition to be fulfilled prior claiming incentive
