In today’s post, we are going to tell you about Utpadan linked Protsahan Yojana which was released by the Indian government and it is also known as PLI Yojana.It was released by the honourable Prime Minister of India Narendra Modi.
The Utpadan linked Protsahan Yojana was released in the year 2020 in the month of November. It was mainly released to promote domestic manufacturing of goods so that the total amount of goods imported would be less than the total number of goods exported and that’s why the economy of India will be better and also it will provide employment to a large amount of the population.
| Scheme Name | Utpadan linked Protsahan Yojana |
| Launched By | Government of India |
| Beneficiary | For Citizen of India |
| purpose | Promotion of Domestic Manufacturing |
| Official website | https://plimofpi.ifciltd.com/ |
| Year | 2022 |
| Start date | 11 November 2020 |
| Budget | 2 lakh crore |
What is the Main Aim?
Utpadan linked Protsahan Yojana is a very much output oriented and manufacturing related scheme which has the means to produce more and provide incentive to the producer if they are promoting domestic manufacturing.
This scheme also focuses on expanding the total amount of goods exported in India which will bring foreign exchange and economy of India would lead to increment of domestic goods exported.
The overall total budget of PLI is around 2 lakh crores. This amount will be given to those producers who are manufacturing goods in regional and outmost rural areas of India.
Industries included in the scheme
Utpadan linked Protsahan Yojana includes various type of manufacturing industries and some of them are:-
Electronic and technological products with advanced chemical cells
Pharmaceuticals, auto parts, and vehicles, textile manufacturing, culinary goods, and telecom & networking products ,white products, solar pv modules, and specialised steel
Budget for industries under Utpadan linked Protsahan Yojana
Indian government has released a circular about the maximum amount of incentives to the producers who are producing under the various industries included in the scheme:-
| Industry | Budget |
| Advanced Chemistry Cell Battery | Rs 18,100 crore |
| Electronic & Technology Products | Rs 5000 crore |
| Automobiles & Auto Components | Rs 57,042 crore |
| pharmaceutical drugs | 15000 crore rupees |
| Telecom & Networking Products | Rs 12,195 crore |
| textile products | Rs 10,683 crore |
| food products | Rs 10,900 crore |
| solar pv module | Rs 4500 crore |
| white goods | Rs 6,238 crore |
| specialty steel | Rs 6,322 crore |
Benefits of Utpadan linked Protsahan Yojana
There are many benefits of this Yojana and following are some of its major benefits:-
- Producers under this scheme will get incentive if they promote domestic manufacturing
- It would increase the rate of employment
- The amount of goods exported wood increase
- The overall cost of goods will decrease as they will use local resources
- Does overall budget of the scheme is roughly around 2 lakh crores
Documents required
To apply for Utpadan linked Protsahan Yojana you need to have desire documents needed by the government to give you incentive under this scheme:-
- The applicant must be an Indian citizen who has been granted permanent residency.
- Aadhar Card
- Manufacturing Certificate
- passport-size photo
- Cell Phone number
This scheme is good for those producers who are manufacturing goods in rural areas of India as they promote domestic manufacturing and they would be provided incentive for the production they will produce.
Process of Application
You need to start by going to PLI Telecom’s official website. The website’s home page will then appear in front of you.
- You must select the signup option on the website’s home page. A new page will then appear in front of you.
- You can fill out a registration form on this page. Fill out this form completely and accurately.
- The scanned copies of all the necessary documents should then be uploaded. Once you have carefully read the instructions provided below the form, click the submit button.
- As soon as you press the submit button, your application will be sent.
Why it was launched?
The Union Cabinet launched the theUtpadan linked Protsahan Yojana on November 11, 2020. The area of industrial institutes in the nation has been increased thanks to this plan. The nation will become self-sufficient as the industrial sector develops. To increase manufacturing capabilities and exports, the Production Linked Incentives-PLI plan has been approved for ten major sectors, including pharmaceutical pharmaceuticals, auto components, and autos.
These programmes will cost approximately Rs 2 lakh crore over the following five years. An incentive programme based on production will encourage indigenous manufacturing, lowering reliance on imports and generating new job opportunities. Through this essay, we will give you all the information you need to know about the plan today.
It was launched to make producers of India Self-reliant and to reduce the amount of goods imported in India as the imported goods in India were very much expensive and the government thought if the production would be done in India the cost of goods would severely decrease and producers and consumers will be benefited.
The Yojana was launched to encourage domestic production, as everyone is aware. Making India an alternative global manufacturing hub in Asia is one of the objectives of the program’s launch.
The Areas Included in This Scheme Will Have Access To Funds. in order for him to advance in the manufacturing industry.
Yojana Registration Date
The Government of India recently announced the Production Based Incentive Scheme. The process of finishing the application will take some time for the beneficiaries. The Government of India Will Soon Launch The PLI Scheme Portal.
The government will release the notification for this scheme’s application very soon. As soon as the notification is published, you will receive information about the application process through this website.
FAQ’S About Utpadan linked Protsahan Yojana
- What is Utpadan linked Protsahan Yojana?:
The Utpadan linked Protsahan Yojana was released in the year 2020 in the month of November. It was mainly released to promote domestic manufacturing of goods.
Sectors Included in Utpadan linked Protsahan Yojana:
- Advanced Chemical Cell Battery
- Electronic & Technological Products
- Cars And Car Components
- Medicinal Drugs
- Telecom & Networking Products
- Textile Production
- Food Products
- Solar Photovoltaic Module
- Home Appliances
- Special Steel
- What is Budget for Each Industry ?:
| Electronic & Technology Products | Rs 5000 crore |
| Automobiles & Auto Components | Rs 57,042 crore |
| pharmaceutical drugs | 15000 crore rupees |
| Telecom & Networking Products | Rs 12,195 crore |
| textile products | Rs 10,683 crore |
| food products | Rs 10,900 crore |
- What are Benefits of this Yojana to Mobile Industry?:
- The domestic value addition for mobile phones under the PLI plan is expected to rise from the current level of 20-25% to 35-40% by the year 2025, opening up potential for 8 lakh more jobs, both direct and indirect.
- The nation’s mobile phone production has nearly doubled over the past four years, and the industry’s revenue has climbed from Rs 18,900 crore in the fiscal year 2014–15 to Rs 1.7 lakh crore in the fiscal year 2018–19.