PLI 1.1 for Specialty Steel: New Round Introduced to Boost Wider Industry Participation

Second round of the Production Linked Incentive (PLI) scheme for specialty steel was launched on January 6, 2025, within the overall budget allocated for the scheme. To ensure wider participation in the second round, irrespective of the company size, following steps have been taken:-

1. Launch of dedicated web portal for PLI scheme 1.1 and wide publicity through media.
2. Frequent webinars with companies that expressed interest to participate in the scheme.
3. Easing of rules of participation in the scheme such as allowing 50% of investment in cases where companies invest in augmentation of existing facilities to participate in the notified sub-categories.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.