Deadline to apply for PLI scheme for speciality steel manufacturing extended till May 31

New Delhi, May 4 (KNN) Deadline to apply for production-linked incentive (PLI) for speciality steel manufacturing is extended till May 31. The deadline has been extended for the second time. 

The application window of the PLI scheme for speciality steel manufacturing will be kept open up till May 31, 2022 according to the Steel Ministry notification.

Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI Production-Linked Incentive scheme for speciality steel. It was later extended till April 30.

On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in the country. The move is expected to attract an additional investment of about Rs 40,000 crore and create 5.25 lakh job opportunities. (KNN Bureau)