Performance of firms responsible for lower PLI disbursals: MeitY
The Ministry of Electronics and Information Technology (MeitY) has told a parliamentary committee that it surrendered ₹1,574 crore from the funds earmarked for production-linked incentives (PLI) in fiscal 2024 because of lower-than-anticipated performance by companies selected under the schemes.
The Parliamentary Standing Committee on Communications and Information Technology has hauled up the ministry for utilising only ₹12,847 crore in FY24 under the schemes, after submitting a budget estimate of ₹16,549 crore and later revising it down to ₹14,421 crore, as per a standing committee report tabled in Parliament last week.
