Production Linked Incentive Scheme.
~Preet The NITI Aayog has recently begun work on developing a set of objective criteria to assess value creation by enterprises that get financial incentives under Production-Linked Incentive (PLI) programmes. The empowered group of secretaries, established in June 2020, was entrusted with finding bottlenecks in PLI schemes, liaising with states and firms for speedier approvals, analysing and assuring timely investments in PLI schemes, and ensuring total project turnaround. The Cabinet Secretary chairs the group, which includes the Chief Executive Officer of NITI Aayog, the secretaries of the Department of Promotion of Industry and Internal Trade, the Department of Commerce, the Department of Revenue, the Department of Economic Affairs, and the Secretary of the concerned ministry. The NITI Aayog wants to enlist the help of an external organisation — state-owned IFCI Ltd or SIDBI – to create and prepare a centralised database to track success in the PLI projects across sectors. This da