Sarkari Yojana
Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel
About Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel
Run by the Ministry of Steel, Government of India, the Production Linked Incentive (PLI) Specialty Steel Scheme aims to boost domestic manufacturing by rewarding incremental production of notified specialty steel products with incentives. Eligibility hinges on incremental investment and incremental sales measured against a baseline, and the scheme lays out a structured mechanism — spanning application, project management, approval, incentive calculation, and disbursement — run through the Project Management Agency (PMA) and the Empowered Committee.
Scheme Overview
Central Government
Ministry Of Steel
Individual
Scheme Details
Eligibility Requirements
To qualify for Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel, applicants must satisfy the following conditions:
The applicant must be a company registered in…
The applicant must be a company registered in India under the Companies Act, 2013, manufacturing identified specialty steel grades end-to-end domestically, with input material melted and poured within the country.
Third parties may handle up to 20% of…
Third parties may handle up to 20% of the total value addition, though only the company manufacturing the eligible end product sub-category can claim the incentive.
Based on audited financial statements from the immediately…
Based on audited financial statements from the immediately preceding financial year, the net worth of the applicant company, including that of its group companies, must be at least 30% of the total committed investment.
For new companies or group companies incorporated after…
For new companies or group companies incorporated after 31/03/2025, net worth must reach at least 30% of the total committed investment prior to the date of application submission. Where an applicant applies for multiple product sub-categories, the net worth requirement is evaluated against the total committed investment across all applied sub-categories.
The applicant must meet the prescribed minimum threshold…
The applicant must meet the prescribed minimum threshold values for incremental production, capacity, and investment specified under the scheme guidelines.
Only investments classified as eligible under the prescribed…
Only investments classified as eligible under the prescribed provisions count toward calculating investment.
An eligible company may avail benefits under other…
An eligible company may avail benefits under other schemes, subject to applicable provisions; however, the same investment and sales cannot be considered for incentives under other PLI schemes.
Companies availing benefits under this scheme are not…
Companies availing benefits under this scheme are not restricted from applying to PLI schemes of other Ministries or Departments for products not covered under this scheme.
Projects that have received or are expected to…
Projects that have received or are expected to receive incentives under previous rounds of the PLI Scheme for Specialty Steel are not eligible to participate in the current round.
Benefits Provided
Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel provides the following benefits to eligible applicants:
An incentive tied to incremental sales of specialty…
An incentive tied to incremental sales of specialty steel that is manufactured.
A push toward greater investment in plant, machinery,…
A push toward greater investment in plant, machinery, and technology.
Encouragement of domestic value addition
Encouragement of domestic value addition.
Backing for generating employment
Backing for generating employment.
Building up advanced capabilities in steel manufacturing
Building up advanced capabilities in steel manufacturing.
Documents Required
Applicants should keep the following documents ready before starting the application:
A Certificate of Incorporation issued under the Companies…
A Certificate of Incorporation issued under the Companies Act, 2013.
The applicant company's CIN details
The applicant company's CIN details.
Audited financial statements covering the preceding financial year
Audited financial statements covering the preceding financial year.
A net worth certificate that includes group companies
A net worth certificate that includes group companies.
A Board Resolution/Authorization letter naming the signatory
A Board Resolution/Authorization letter naming the signatory.
A Detailed Project Report (DPR)
A Detailed Project Report (DPR).
An end-user certificate
An end-user certificate.
Details of the product sub-category (Annexure-I)
Details of the product sub-category (Annexure-I).
A declaration confirming non-NPA, non-fraud, non-wilful defaulter status,…
A declaration confirming non-NPA, non-fraud, non-wilful defaulter status, and no insolvency.
Any other document called for under the scheme…
Any other document called for under the scheme guidelines.
How to Apply
Online Application
Applicants can apply for Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel through the online application process outlined below.
The applicant accesses the official PLI portal and…
The applicant accesses the official PLI portal and opens the online registration page.
The applicant enters company details, including Company Name,…
The applicant enters company details, including Company Name, Corporate Identification Number (CIN), and Incorporation Date.
The applicant provides the authorized contact person's details,…
The applicant provides the authorized contact person's details, including name, designation, mobile number, and email ID.
The applicant creates and confirms a password as…
The applicant creates and confirms a password as per the prescribed requirements.
The applicant enters the captcha code and submits…
The applicant enters the captcha code and submits the registration form.
A unique registration linked to the CIN gets…
A unique registration linked to the CIN gets created upon successful submission, and only one registration per CIN is permitted.
The registered mobile number and email ID get…
The registered mobile number and email ID get used for all future communications and login purposes.
The applicant logs in using the registered CIN…
The applicant logs in using the registered CIN and password to proceed with the application process. Note Points 1. The applicant must be a company registered in India under the Companies Act, 2013, and must not be classified as NPA, wilful defaulter, or fraud, and should have no insolvency proceedings admitted before NCLT. 2. The application must be submitted within 30 days from the date of launch of the PLI Scheme 1.2. 3. An authorized signatory duly empowered by the Board of Directors or Managing Director must submit the application. 4. Financial Year 2024–25 serves as the base year for calculations under the scheme. 5. Capacity enhancement may be undertaken through capacity addition (new units) or capacity augmentation (existing units). 6. Incremental production gets calculated based on production derived from sales compared to the corresponding previous period. 7. Limiting investment stands at 80% of the committed investment and must be achieved at the time of the incentive claim. 8. Incentives run for a maximum period of five years commencing from FY 2025–26.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.