Union Ministry of Steel Launches PLI Scheme 1.1
Steel

Union Ministry of Steel Launches PLI Scheme 1.1

Union Minister for Steel H.D. Kumaraswamy launched the second iteration of the Production- Linked Incentive (PLI) scheme for specialty steel, PLI Scheme 1.1, at Vigyan Bhawan. The scheme, running from FY 2025-26 to FY 2029-30, aims to boost domestic production, reduce imports, and establish In...

Union Minister for Steel H.D. Kumaraswamy launched the second iteration of the Production- Linked Incentive (PLI) scheme for specialty steel, PLI Scheme 1.1, at Vigyan Bhawan. The scheme, running from FY 2025-26 to FY 2029-30, aims to boost domestic production, reduce imports, and establish India as a global leader in specialty steel. The application window opened on January 6, 2025. Kumaraswamy highlighted the importance of specialty steel for sectors like infrastructure, defence, and renewable energy, and noted the scheme’s contribution to Atmanirbhar Bharat. The first PLI scheme generated significant investment and job creation. Contact: Union Ministry of Steel Website: www.steel.gov.in

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