For the fourth time, the government has extended the deadline for submitting applications under the production-related special steel incentive scheme to July 31, 2022. Initially, March 29 was the last date for manufacturers to apply for benefits under the PLI (Production Linked Incentive). regulation for special steel. It was later extended to April 30 and again to May 31, 2022. Then it was extended to June 30.
According to a notice from the Ministry of Steel dated June 29, “… the undersigned is requested to … further extend the deadline for receipt of applications for the PLI Special Steel Scheme from June 30, 2022 to July 31, 2022. The application window will remain open until July 31, 2022.” On July 22 last year, the Union cabinet chaired by Prime Minister Narendra Modi approved a Rs 6,322 crore PLI scheme to boost special steel production in India.
The move is expected to attract an additional investment of about Rs 40,000 crore and create 5.25 lakh jobs.