The amendment also includes changes  in  the table  showing  incentive  expenditure,  with the total indicative incentive  amount going up  to Rs 25,938 crore. 

  The  Government  of India has extended the Production Linked Incentive (PLI)  Scheme  for the  automobile  industry for another year with certain modifications. 

  Following approval by  the  Empowered Group of Secretaries (EGoS), the Ministry of Heavy Industries has made  a number of changes  to the  system to provide greater  clarity and flexibility. 

  As per  the  revised plan,  the incentive will be applicable for a total of  five  consecutive financial years, starting from  FY 2023-24,  with  disbursement of  the incentive  to take place next year.  Approved  applicant(s) will be eligible  to receive  benefits for  5  consecutive  fiscal  years, but not  later than  March 31, 2028.  Additionally,  if an approved  business does not  meet the  established revenue growth  threshold  in  the first  year, that business  will not receive any  incentives  for that year. However,  he  will still  receive  benefits  the  following  year if  he reaches  the threshold calculated on the basis of  annual growth of  10%  compared to the threshold of  the first  year. According to  the  government, this  will ensure a level playing field for all approved  businesses  and  protect  those who  want  to  invest first.  

 The amendment also includes changes  in  the table  showing  incentive  expenditure,  with the total indicative incentive  amount going up  to Rs 25,938 crore. 

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