Production Linked Incentive (PLI) Scheme (PLI 1.2) for Specialty Steel
Check your eligibility
Sign up and we'll tell you whether your startup qualifies for this grant.
Quick Answer
The Production Linked Incentive (PLI) Scheme for Specialty Steel offers financial incentives on incremental production and sales to boost domestic manufacturing and value addition in India.
- Funding amount
- Varies
- Funding type
- Subsidy
- Provider
- Ministry of Steel
- Application deadline
- Closed
- Location
- Open to startups registered in India
- Registrations needed
- Private Limited company registration
Results & next round
Applications for this round closed on 31 December 2025. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by Ministry of Steel. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this subsidy
The Production Linked Incentive (PLI) Specialty Steel Scheme, managed by the Ministry of Steel, Government of India, is designed to significantly boost domestic manufacturing capabilities. It provides performance-linked financial incentives based on the incremental production and sales of specific specialty steel products. The primary objective is to encourage substantial investment in advanced plant, machinery, and technology, fostering a robust and self-reliant specialty steel sector within the country. The scheme also emphasizes domestic value addition, ensuring that input materials are melted and poured within India. Through its structured mechanism, involving a Project Management Agency (PMA) and an Empowered Committee, the PLI scheme facilitates a transparent process for application, project management, approval, incentive calculation, and disbursement. This initiative is crucial for positioning India as a global hub for specialty steel manufacturing, leading to increased employment opportunities and technological advancement in the sector.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Benefits & Funding
What You Get
The PLI Scheme for Specialty Steel provides incentives on incremental sales of eligible specialty steel products, directly boosting the profitability of domestic manufacturers. Beyond financial payouts, the scheme actively encourages substantial investment in state-of-the-art plant, machinery, and technology, fostering a robust manufacturing ecosystem. It promotes significant domestic value addition, ensuring that key manufacturing stages, such as melting and pouring, occur within India. This comprehensive support aims to generate employment, develop advanced steel manufacturing capabilities, and reduce reliance on imports, ultimately strengthening India's position in the global specialty steel market.
- Disbursement
- Milestone Based
- Bootstrap friendly
- Yes
Timelines & Process
Selection Process
Applications are initially screened by the Project Management Agency (PMA) to ensure they meet all eligibility criteria, including company registration, net worth requirements, and adherence to manufacturing guidelines. The PMA evaluates the proposed investments, production capacities, and incremental sales targets against the scheme's prescribed thresholds. Following the PMA's assessment, the Empowered Committee reviews the recommendations and provides final approval for eligible projects, their committed investment, and production targets. The ultimate incentive disbursement is based on the verification of actual incremental production and sales achieved by the company over the specified five-year incentive period.
Application Process
- 1
Online Registration
Register on the official PLI portal by providing company and authorized contact details within the specified application window.
You - 2
- 3
- 4
- 5
- 6
- 7
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the PLI Specialty Steel Scheme?
The scheme aims to enhance domestic manufacturing by providing incentives on the incremental production of notified specialty steel products, encouraging investment in plant, machinery, and technology, and promoting domestic value addition and employment generation.
Who is eligible to apply for this scheme?
Eligible applicants must be companies registered in India under the Companies Act, 2013, engaged in end-to-end domestic manufacturing of identified specialty steel grades. They must also meet specific net worth criteria relative to their committed investment and adhere to prescribed minimum thresholds for incremental production, capacity, and investment.
What kind of financial benefits can applicants expect?
Eligible companies receive incentives based on their incremental sales of manufactured specialty steel products. These incentives are provided for a maximum period of five years, commencing from Fiscal Year 2025-26, and are calculated based on a structured mechanism involving a Project Management Agency and an Empowered Committee.
Are there any restrictions on existing projects or other scheme benefits?
Projects that have already received or are expected to receive incentives under previous rounds of the PLI Scheme for Specialty Steel are not eligible for the current round (PLI 1.2). However, companies may avail benefits under other schemes, provided the same investment and sales are not double-counted for incentives under different PLI schemes.
How is the application submitted?
The application process is entirely online. Applicants are required to register on the official PLI portal, providing company and authorized contact person details. After successful registration and login using their CIN and password, they can proceed to complete and submit the detailed application form. The application must be submitted within 30 days from the scheme's launch date by an authorized signatory.
What is the base year for calculations under the scheme?
Financial Year 2024–25 shall be considered as the base year for calculations under the scheme. Incremental production and sales will be evaluated against this base year to determine eligibility and incentive amounts.
Sources
Data on this page is compiled from official program and provider references.
