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Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel

under this scheme to promote domestic manufacturing of specialty steel by encouraging incremental investment, increasing production of value-added steel, enhancing technological capabilities, and reducing import dependence while generating employment.

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About This Scheme

The Production Linked Incentive (PLI) Specialty Steel Scheme under the Ministry of Steel, Government of India, aims to enhance domestic manufacturing by providing incentives on the incremental production of notified specialty steel products. The scheme defines eligibility based on incremental investment and incremental sales over a baseline. It includes provisions for application, project management, approval, incentive calculation, and disbursement through a structured mechanism involving the Project Management Agency (PMA) and the Empowered Committee.

Benefits

1. Development of advanced steel manufacturing capabilities

1. Promotion of domestic value addition

1. Support for employment generation

1. Incentive on incremental sales of manufactured specialty steel

1. Encouragement for investment in plant, machinery, and technology

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

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Certificate of Incorporation under Companies Act, 2013
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CIN details of the applicant company
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Audited financial statements (preceding financial year)
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Net worth certificate (including group companies)
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Board Resolution / Authorization letter for signatory
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Detailed Project Report (DPR)
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End-user certificate
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Product sub-category details (Annexure-I)
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Declaration of non-NPA, non-fraud, non-wilful defaulter, no insolvency
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Any other documents required under scheme guidelines

✦ Required ◦ Optional

How to Apply

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The applicant must be a company registered in India under the Companies Act, 2013, and must not be classified as NPA, wilful defaulter, or fraud, and should have no insolvency proceedings admitted before NCLT. The application shall be submitted within 30 days from the date of launch of the PLI Scheme 1.2. The application must be submitted by an authorized signatory duly empowered by the Board of Directors or Managing Director. Financial Year 2024–25 shall be considered as the base year for calcu

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Level: Central Government