New Delhi, Feb 1 (KNN) The Union Budget 2022-23 has proposes to allocate Rs 19,500 crore to boost manufacturing of solar modules under the government’s flagship Production Linked Incentive scheme.

She further mentioned that the scheme has potential to create 60 lakh new jobs and additional production of 30 lakh crore jobs during next five years.

“To facilitate domestic manufacturing for the ambitious goal of 280 GW of installed solar capacity by 2030, additional allocation of Rs 19,500 cr for PLI for manufacturing of high-efficiency modules with priority to fully integrate manufacturing units to solar PV modules will be made,” Sitharaman said in her speech.

An outlay of Rs 1.97 Lakh Crores for the Production Linked Incentive (PLI) Schemes across 13 key sectors was already announced.

The government first announced three schemes in March 2020, while 10 new PLI schemes were introduced in November 2020. Sectors that have been covered include electronics manufacturing, Automobiles & Auto Components, Speciality steel, Textile, Drone and drone components, Pharmaceuticals drug, Telecom and Networking, among others. (KNN Bureau)