Cabinet approves incentive scheme worth ₹26,058 crore for auto, drone industries

The Cabinet has cleared a production-linked incentive (PLI) scheme worth ₹26,058 crore for the automobile, auto component and drone industries to enhance India’s manufacturing capabilities.

Of this, ₹120 crore has been allocated for drone industry and ₹25,938 for auto sector. The scheme for auto sector will generate employment for over seven lakh people, Union Minister Anurag Singh Thakur said.