How to Apply for PLI 1.2 for Specialty Steel — Incentives From the Ministry of Steel

Step 1 — Screening by the Project Management Agency (PMA). Every application is checked against the eligibility rules: company registration, net worth relative to committed investment, and compliance with the prescribed manufacturing guidelines.

Step 2 — Evaluation against thresholds. The PMA then assesses the proposed investments, planned production capacities and incremental sales targets to see whether they clear the minimum thresholds set out in the scheme.

Step 3 — Review and approval by the Empowered Committee. Acting on the PMA's recommendation, the Empowered Committee takes the final decision on which projects qualify and approves their committed investment and production targets.

Step 4 — Disbursement against verified performance. Incentives are released only after the actual incremental production and sales are verified, across the five-year incentive period.