Parliament Question: Salient features of PLI 1.2 Scheme

GOVERNMENT OF INDIA MINISTRY OF STEEL LOK SABHA UNSTARRED QUESTION NO. 323 FOR ANSWER ON 02.12.2025 SALIENT FEATURES OF PLI 1.2 SCHEME

323. SHRI BHARTRUHARI MAHTAB:

Will the Minister of STEEL be pleased to state:

(a) the salient features of the third round of the Production Linked Incentive (PLI) 1.2 Scheme for Speciality Steel;

(b) the category of advanced and high-grade steel targeted under this phase;

(c) the details of the expected benefits to domestic manufacturers and MSMEs; and

(d) the total investment commitments, employment generation and capacity addition achieved under the previous rounds of the PLI Scheme? ANSWER THE MINISTER OF STATE IN THE (SHRI BHUPATHIRAJU SRINIVASA VARMA) MINISTRY OF STEEL

(a)to(d): Production Linked Incentive (PLI) Scheme for Specialty Steel was approved by the Union Cabinet in July, 2021 with a budget of ₹6,322 crore which aims to boost specialty steel production through financial incentives. The scheme offers incentives for five years, from Financial Year 2024-25 to Financial Year 2030-31, to companies that meet specified investment and production targets. The Specialty Steel Product sub-categories for PLI 1.2 includes Alloy Steel, CRGO, Amorphous Steel, Cladded Steel, Stainless Steel Wire, Hose Wire, Coated Steel Products etc. In the first and second rounds, 19 companies have committed ₹27,106 crore investment and 25 companies have committed ₹17,000 crore investment, respectively. Till October, 2025, the participating beneficiary companies have invested ₹23,022 crore, produced

2.33 million tonnes of specialty steel, and generated 13,343 employments. *****