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Production-Linked Incentive (PLI) Scheme:

27-Sep-2023 09:35:39
Market Linkages

Scheme Provider :

Sector :

Manufacturing

Name of Ministry :

Ministry of Textiles

States :

ALL

Eligibility :

Jule mills/Enterprises

Vertical :

Market Linkages, Funding

Link for enrollment :
Link to government website :
Details :

The objectives of the Production Linked Incentive/Support component of the JDS Scheme are: To make Jute Diversified Products cost competitive globally;To help JDPs manufacturers' exporters to fetch more business orders; To help develop markets and increase market share of JDPs globally; To attract more entrepreneurs in JDPs production, sales and exports;Ø To help increase consumption of jute through increased businesses thereby supporting farmers to increase more jute cultivation; To help achieving 10% CAGR growth in sales of JDPs globally;To help increase export of JDPs to Rs. 1600 Cr. by 2026 against Rs. 963 Cr. presently, in combination with the support of other concurrent market and export promotion interventions. Eligibility: Any Jute Mill Company or MSME unit set up within the geographical boundary of India engaged in manufacturing and export of JDPs will be eligible for the incentive under the Scheme subject to fulfillment of the Operating Guidelines including Procedures and Terms & Conditions.

Introduction :

The scheme envisages providing financial support to the Jute Mill Companies and MSME units producing & exporting JDPs, by way of reimbursing a part of their production cost to incentivize them for undertaking more and more diversification efforts.  To help JDPs manufacturers’ exporters to fetch more business orders;  To help develop markets and increase market share of JDPs globally;  To attact more entreprenerus in JDPs production, sales and exports;

Benefits :

Production Linked Incentive (PLI) Scheme - Jute Mills and MSME JDP units exporting JDPs are being supported for manufacturing and exporting jute diversified products and making them cost competitive in the international markets. The registered Exporters are entitled for incentive on exported jute diversified products @ 5% of the cost of jute raw material used limited to 3 % of FOB value realized .

Gender :

Both

Implementing Agency :

National Jute Board

Target Audience :

Entrepreneur

Primary Domain :

Market Linkages

Secondary Domain :

Funding

Impact on wMSMEs :

Direct

Keywords :

#Jute #Exports #Global reach

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