News > Nearly Rs 41,000 crore unspent in govt's Rs 1.97 trillion PLI scheme
Nearly Rs 41,000 crore unspent in govt's Rs 1.97 trillion PLI scheme
12/02/2024 07:36 PM | Click to read full article
The unutilised amount/savings result from undersubscription, lukewarm responses in some schemes and a reduction in the allocation of schemes. For instance, in 2020, the announced financial outlay for automotive and automotive components was Rs 57,042 crore, reduced by more than 50 per cent to Rs 25,938 crore when notifying the scheme in 2021. Top government officials believed that such high funds for the sector were not needed.
