<h1>India Allocates INR 1.97 Lakh Crore for PLI Schemes to Boost Manufacturing in 13 Key Sectors Over 5 Years.</h1> India has allocated INR 1.97 lakh crore in the Union Budget 2021-22 for Production Linked Incentive (PLI) schemes across 13 key sectors to boost local manufacturing and exports, aligning with its Atmanirbhar vision. The initiative spans five years starting FY 2021-22, covering sectors like mobile manufacturing, pharmaceuticals, and medical devices, with new additions including automobiles, telecom products, and solar PV modules. Both domestic and foreign entities can benefit from these schemes, aiming to establish a robust supplier base and foster global champions. The announcement was made by a government official in a Lok Sabha session.