Government extends PLI scheme for textiles until 2033-34 to boost MSME participation and investments

Textile PLI scheme likely to be extended by four years with easier norms for MSMEs

The textiles ministry reduced the minimum turnover requirement under Part 2 of the scheme, which covers manufacturers with lower investment commitments, to ₹100 crore from ₹200 crore. The change is aimed at enabling greater participation by MSMEs. The scheme was originally set to run until 2029-30.

"The extended tenure is intended to provide these applicants with a longer investment and operational horizon for establishing and scaling up their manufacturing capacities," the ministry said in a statement.

The ministry will reopen the application portal from November 1 to December 31 for companies seeking incentives to manufacture man-made fibre (MMF) apparel, MMF fabrics and technical textiles.