Government extends textile PLI scheme to 2034
In short
The government extended the textiles PLI scheme until 2034. It also cut the minimum turnover rule for some manufacturers from ₹200 crore to ₹100 crore.
A new application window will run from November 1 to December 31. The move may help more textile firms join, but the report does not say how many will sign up.
What the reporting says
The government extended the Production Linked Incentive scheme for textiles until 2034 to encourage more participation and investment. The textiles ministry also lowered the minimum turnover requirement for certain manufacturers from ₹200 crore to ₹100 crore, and a reopened application portal will accept submissions from November 1 to December 31. The reporting does not say how many firms will apply or the fiscal cost of the extension.
Why it matters
The government extended the Production Linked Incentive scheme for the textiles sector until 2034 and relaxed eligibility norms to draw more manufacturers. The textiles ministry cut the minimum turnover threshold for certain firms from ₹200 crore to ₹100 crore, and reopened the application portal for November 1 to December 31. The reporting suggests a push to widen MSME participation and investment, but does not provide the expected uptake or budget impact.