Production Linked Incentive Scheme — Current Affairs 2026

Current Affairs Connections

Recent developments and news linked to Production Linked Incentive Scheme.

PLI Scheme 2.0 Approved for Semiconductor Manufacturing

March 2024

The government approved PLI 2.0 specifically for semiconductor manufacturing with an outlay of ₹76,000 crore, marking a significant expansion of the original scheme. This development addresses India's strategic vulnerability in semiconductor supply chains and aligns with global trends toward supply chain localization. The semiconductor PLI includes provisions for fab units, display manufacturing, and compound semiconductors, representing the most technologically advanced sector under the PLI framework.

UPSC Angle: UPSC is likely to test this development in the context of India's technology self-reliance, strategic manufacturing capabilities, and integration with global semiconductor value chains

PLI Scheme Performance Review Shows Mixed Results Across Sectors

January 2024

The government's comprehensive review of PLI scheme performance revealed significant variations across sectors. While electronics and pharmaceuticals exceeded targets, automobiles and textiles showed slower progress. The review led to policy modifications including extended timelines for certain sectors and revised investment thresholds. This performance assessment highlights the challenges of implementing large-scale manufacturing incentives and the need for adaptive policy frameworks.

UPSC Angle: Expected questions on policy evaluation, implementation challenges, and the effectiveness of government schemes in achieving stated objectives