The Union Cabinet has approved an outlay of ₹1,45,980 crore for production-linked incentive (PLI) schemes in 10 identified sectors, consisting of the automobile, pharmaceutical, textile, telecom, and other sectors. The other sectors receiving similar incentive schemes are electronics and technology products, food products, high-efficiency solar modules, white goods, and specialty steel.

Out of ₹1,45,980 crores, the highest allocation of ₹57,042 crores is made for the automotive and auto components sector while the chemical cell sector will get ₹18,100 crores, followed by the pharmaceuticals sector (₹15,000 crores), telecom and networking products sector (₹12,195 crores), food products sector (₹10,900 crore) and textile sector (₹10,683 crores). In the textile sector, the focus will be on the MMF segment and technical textiles.

The Cabinet also gave its green signal for continuation and revamping of the scheme for financial support to public-private partnerships in infrastructure viability gap funding till 2024-25.