India's Production-Linked Incentive (PLI) schemes have attracted cumulative investments of Rs 2.40 lakh crore and generated production worth Rs 22.66 lakh crore as of March 2026, while creating employment for 8.49 lakh people, according to NITI Aayog's Impact Assessment of PLI Schemes, prepared with the Indian Institute of Management Ahmedabad as knowledge partner and released on November 12.

Source: PIB release via Devdiscourse

The assessment — the first sector-wise evaluation of all 14 PLI schemes — put cumulative investment at Rs 2,40,138 crore, or 76 per cent of the full-tenure target, and production and sales at Rs 22,66,412 crore, or 64 per cent of target, with about 58 per cent of the schemes' combined duration elapsed. Employment, at 8,49,069 reported jobs, stood at 28 per cent of its full-tenure target, well behind investment and production.

Source: PolicyEdge

Rs 2.40 lakh croreInvestment — 76% of full-tenure target
Rs 22.66 lakh croreProduction/sales — 64% of target
8.49 lakhJobs — 28% of target
18.51%Of Rs 1.91 lakh crore outlay disbursed

Strong in electronics, telecom and pharma; nine schemes under 10% disbursal

The report found particularly strong outcomes in large-scale electronics, telecom and pharmaceutical drugs, and said nearly 70 per cent of targeted segments are broadly on track. The drone scheme was an early implementation success, with 77.5 per cent of its allocated funds disbursed. But nine schemes — including bulk drugs, automobiles and textiles — had disbursed under 10 per cent of their respective outlays, while drones, large-scale electronics and food products ranged from 25 to 77 per cent.

Source: Indian Express via Vajiram & Ravi

The battery scheme showed how long a new manufacturing base takes to build: against a target of 50 GWh of domestic Advanced Chemistry Cell capacity, 1.4 GWh had been developed by March 2026 and commercial production and incentive disbursement had not begun, the assessment found. The report sorted sector outcomes into four groups — On-Track, Partial Impact, Insignificant Evidence of Impact and Data Unavailable — and recommended reforms to improve long-term effectiveness.

Why low disbursal is not the whole story

PLI incentives are paid only after firms meet investment and incremental production conditions, so disbursal naturally trails investment. Annual disbursal rose to Rs 15,519 crore in 2025-26, roughly matching the planned Rs 15,472 crore for that year, after running below plan in the two previous years, the assessment recorded.

NITI Aayog Vice Chairman Ashok Lahiri was quoted in coverage of the release, and the assessment also flagged implementation challenges including dependence on imported high-value components, technological constraints, project delays and uneven employment and export outcomes. The figures are programme-wide cumulative totals reported by the assessment, based on data supplied by implementing ministries; NITI Aayog's own disclaimer notes it does not independently confirm the authenticity of that ministry data.