24 companies selected in third round of PLI Scheme for White Goods with ₹3,516 crore investment
The Commerce and Industry Ministry announced on 20 January 2025 that 24 companies had been provisionally selected in the third round of the PLI Scheme for White Goods (ACs and LED lights), committing ₹3,516 crore.
Summary
The Ministry of Commerce and Industry announced on 20 January 2025 that 24 beneficiaries had been provisionally selected in the third round of the Production Linked Incentive (PLI) Scheme for White Goods (air conditioners and LED lights), with committed investment of ₹3,516 crore. They comprise 18 new companies (10 AC component makers and 8 LED light makers) investing ₹2,299 crore, and 6 existing beneficiaries upgrading with an additional ₹1,217 crore; 38 applications were received. With this, 84 companies under the scheme are set to invest ₹10,478 crore, with production worth ₹1,72,663 crore. The Cabinet approved the scheme on 7 April 2021 with an outlay of ₹6,238 crore for FY 2021-22 to FY 2028-29.
Key facts
- Announced
- 20 January 2025
- Third round
- 24 beneficiaries, ₹3,516 crore
- New companies
- 18 (10 AC, 8 LED), ₹2,299 crore
- Upgrades
- 6 existing, ₹1,217 crore
- Applications
- 38
- Scheme total
- 84 companies, ₹10,478 crore investment, ₹1,72,663 crore production
- Outlay
- ₹6,238 crore, FY 2021-22 to 2028-29
- Cabinet approval
- 7 April 2021
Practice MCQs 3 questions
How many companies were provisionally selected in the third round of the PLI Scheme for White Goods announced on 20 January 2025?
Show answer
Correct answer: B — 24
PIB 2094465: 24 beneficiaries (18 new + 6 existing) were selected, committing ₹3,516 crore.
The PLI Scheme for White Goods covers components of which two products?
Show answer
Correct answer: B — Air conditioners and LED lights
PIB 2094465: the PLI Scheme for White Goods covers air conditioners and LED lights.
Consider the following statements about the PLI Scheme for White Goods: 1. It was approved by the Union Cabinet on 7 April 2021 with an outlay of ₹6,238 crore. 2. After the third round, 84 companies under the scheme are set to invest ₹10,478 crore. 3. The scheme runs from FY 2021-22 to FY 2025-26. Which of the statements given above is/are correct?
Show answer
Correct answer: D — 1 and 2 only
PIB 2094465: the Cabinet approved it on 7 April 2021 with ₹6,238 crore and 84 companies will invest ₹10,478 crore; the scheme period is FY 2021-22 to FY 2028-29.