H.D. Kumaraswamy launches PLI Scheme 1.1 for specialty steel
The second round covers five product categories within the original ₹6,322 crore outlay.
Summary
Union Steel Minister H.D. Kumaraswamy launched PLI Scheme 1.1, the second round of the Production Linked Incentive scheme for specialty steel, at Vigyan Bhavan, New Delhi, on 6 January 2025. PLI Scheme 1.1 covers the same five product categories — coated/plated steel, high strength/wear resistant steel, specialty rails, alloy steel products and steel wires, and electrical steel — and was open for applications from 6 to 31 January 2025. The scheme will be implemented over the production period FY 2025-26 to FY 2029-30 within the originally allocated ₹6,322 crore, with relaxed thresholds such as lower investment and capacity limits for CRGO sub-categories.
Key facts
- Date and venue
- 6 January 2025, Vigyan Bhavan, New Delhi
- Launched by
- Steel Minister H.D. Kumaraswamy
- Round
- Second round (PLI 1.1) of PLI for specialty steel
- Application window
- 6–31 January 2025
- Production period
- FY 2025-26 to FY 2029-30
- Outlay
- Within original ₹6,322 crore
- Five categories
- Coated/plated; high strength/wear resistant; specialty rails; alloy steel products & wires; electrical steel
Practice MCQs 3 questions
Within what originally allocated outlay will PLI Scheme 1.1 for specialty steel, launched on 6 January 2025, operate?
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Correct answer: C — ₹6,322 crore
PIB (Steel): the scheme will operate within the funds originally allocated, i.e. ₹6,322 crore.
Over which production period will PLI Scheme 1.1 for specialty steel be implemented?
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Correct answer: D — FY 2025-26 to FY 2029-30
PIB (Steel): the Steel Secretary said PLI 1.1 will be implemented during the production period FY 2025-26 to FY 2029-30.
Which of the following are among the five product categories covered by PLI Scheme 1.1 for specialty steel? 1. Specialty Rails 2. Electrical Steel 3. Stainless Steel Utensils Select the correct answer using the code given below:
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Correct answer: A — 1 and 2 only
PIB (Steel): the five categories are coated/plated steel, high strength/wear resistant steel, specialty rails, alloy steel products & steel wires, and electrical steel; utensils are not included.