The Ministry of Textiles is implementing the Production Linked Incentive (PLI) Scheme for Textiles across India to promote investment and enhance manufacturing capacities. The scheme has been modified in October 2025 with key revisions such as expansion of eligible notified products, reduction in minimum threshold criteria of investment, and reduction in incremental turnover criteria for incentive. As of March 31, 2026, a total of ₹167.51 crores have been made in investment by companies in Maharashtra under the PLI Scheme.
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Under the Production Linked Incentive (PLI) Scheme for Textiles, how many companies have been approved across India as of March 31, 2026?
170 companies have been approved across India under the PLI Scheme for Textiles as of March 31, 2026.
Consider the following statements regarding PLI Scheme for Textiles: 1. The Ministry of Commerce and Industry is responsible for implementing the PLI Scheme for Textiles. 2. As of March 31, 2026, a total of ₹167.51 crores have been made in investment by companies in Maharashtra under the PLI Scheme. 3. A total of 170 companies have been approved across India under the Production Linked Incentive scheme (PLI) for Textiles as of January 1, 2025. How many of the above statements are correct?
Statement-1 is incorrect because the Ministry of Textiles is responsible for implementing the PLI Scheme for Textiles. Statement-2 is correct based on fact #4. Statement-3 is incorrect because it uses an earlier date and a different ministry.
Consider the following two statements: Statement-I: The PLI Scheme has been modified to reduce the minimum threshold criteria of investment. Statement-II: This modification was made to encourage more companies to invest in the textile sector, thereby increasing the production capacity and competitiveness of the sector. Which one of the following is correct in respect of the above statements?
Statement-1 is correct based on fact #9. Statement-2 is incorrect because it provides a plausible but unsubstantiated reason for the modification.