{"id":2224,"date":"2024-06-13T23:45:35","date_gmt":"2024-06-13T23:45:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2224"},"modified":"2024-06-13T23:45:35","modified_gmt":"2024-06-13T23:45:35","slug":"production-linked-incentive-scheme-for-specialtysteel","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/production-linked-incentive-scheme-for-specialtysteel\/","title":{"rendered":"Production Linked Incentive Scheme for Specialty\nSteel"},"content":{"rendered":"

The Production Linked Incentive (PLI) Scheme for Specialty Steel has been approved by the .<\/p>\n

Highlights:<\/u><\/strong><\/p>\n

The scheme will last five years, from 2023-24 to 2027-28.
The five specialty steel categories chosen for the PLI Scheme are as follows:
Steel Coated\/Plated Products
Steel with a high strength\/wear resistance
Specialty Rails
Steel wires and Alloy<\/a> steel products
Electrical Steel
PLI incentive measures have 3 sectors, the lowest is 4%, and the highest is 12%, which have been provided for CRGO.<\/p>\n

Schemes Requirement<\/u><\/strong><\/p>\n

With a budget of Rs. 6322 crores, the scheme is expected to generate approximately 40,000 crores in Investment<\/a> and a capacity addition of 25 MT for speciality steel.<\/p>\n

By the end of 2026-27, speciality steel production is expected to reach 42 million tonnes.<\/p>\n

Speciality steel was selected as the goal segment because of the 102 million tons of steel produced in India in 2020-21, the country only produced 18 million tons of value-added steel\/Specialty steel.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Production Linked Incentive (PLI) Scheme for Specialty Steel has been approved by the . Highlights: The scheme will last five years, from 2023-24 to 2027-28. The five specialty steel categories chosen for the PLI Scheme are as follows: Steel Coated\/Plated Products Steel with a high strength\/wear resistance Specialty Rails Steel wires and Alloy steel … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[597],"class_list":["post-2224","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-01-02-08-21"],"yoast_head":"\nProduction Linked Incentive Scheme for Specialty Steel - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/production-linked-incentive-scheme-for-specialtysteel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Production Linked Incentive Scheme for Specialty Steel\" \/>\n<meta property=\"og:description\" content=\"The Production Linked Incentive (PLI) Scheme for Specialty Steel has been approved by the . Highlights: The scheme will last five years, from 2023-24 to 2027-28. The five specialty steel categories chosen for the PLI Scheme are as follows: Steel Coated\/Plated Products Steel with a high strength\/wear resistance Specialty Rails Steel wires and Alloy steel ... 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