Textile ministry to reopen PLI application portal
In short
The textile ministry will reopen the application portal for the PLI scheme. In this round, the minimum annual turnover rule has been lowered from ₹200 crore to ₹100 crore for Part 2.
The change is meant to bring in more MSMEs and mid-sized manufacturers. The report does not say when the portal will reopen or how many firms will apply.
What the reporting says
The textile ministry is set to reopen the application portal for the PLI scheme, according to the headline and summary. In the current round, the minimum annual turnover requirement has been cut from ₹200 crore to ₹100 crore under Part 2 to encourage MSMEs and mid-sized manufacturing units. The reporting does not say when the portal will reopen or how many applications are expected.
Why it matters
The textile ministry will reopen the application portal for the PLI scheme, and the current round lowers the minimum annual turnover requirement from ₹200 crore to ₹100 crore under Part 2. The change is meant to encourage participation by MSMEs and mid-sized manufacturing units. The available reporting does not specify the reopening date, the number of expected applicants, or any budget impact.