The Ministry of Textiles has issued amendments to the Production Linked Incentive (PLI) Scheme for Textiles to ease implementation challenges and support industry growth. The revised scheme introduces additional MMF apparel and fabric products eligible for incentives, as listed in new annexures. Existing applicants can reapply with a fresh investment of at least 15% of the prescribed minimum threshold for their segment.
For new applicants, the minimum investment requirement remains Rs 150 crore under Part I and Rs 50 crore under Part II of the scheme. The earlier condition mandating company formation before investment has been replaced, companies can now set up distinct project units with distinct accounts.
From FY 2025-26 onwards, the minimum incremental turnover requirement is reduced from 25% to 10% from the second performance year onward. In addition, new applications will be accepted up to FY 2025-26, while incentives will continue until FY 2028-29. The amendments aim to boost flexibility and promote sustained textile sector investments.