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PLI-Steel: The deadline for applying for value-added steel under the PLI scheme extended till July 31

New Delhi: The federal government has prolonged the final date for submission of functions underneath the Manufacturing Primarily based Incentive Scheme (PLI) for particular metal i.e. value-added metal to July 31, 2022. That is the fourth time the deadline has been prolonged. Initially, March 29 was the final date for making use of for value-added metal producers underneath the PLI scheme. Later it was elevated to thirtieth April after which to thirty first May, 2022.

In keeping with the notification issued by the Ministry of Metal on June 29, the final date for submission of functions for value-added metal underneath the PLI scheme has been prolonged to July 31, 2022. Beneath this, functions will be given until July 31, 2022. The Union Cupboard on July 22 final yr accepted the Rs 6,322 crore PLI scheme to speed up manufacturing of value-added metal within the nation. The transfer is predicted to generate extra funding of Rs 40,000 crore and create 5.25 lakh jobs.

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