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Corporate Update

PLI Round 3 And Welfare Schemes Signal Strong Policy Push For Textile Sector

• By  Textile Excellence
• February 10, 2026

The Ministry of Textiles has opened Round 3 of the Production Linked Incentive schemes, introducing major amendments to attract wider industry participation. The revised round allows applications until 31 March 2026 and cuts minimum investment thresholds by 50% to ₹150 crore and ₹50 crore. The scope now includes 17 additional HSN codes in MMF apparel and fabrics, while the incremental turnover requirement stands at 10% from FY 2025–26. The move is expected to accelerate capacity expansion in value added segments where India seeks a larger global share.

Parallel welfare measures under the National Handloom Development Programme aim to strengthen the grassroots workforce. Awardee handloom weavers above 60 years receive ₹8,000 per month, while children of weavers can access scholarships up to ₹2 lakh annually. Insurance cover under PMJJBY and PMSBY adds social protection.

India’s textile and apparel market is valued at over US$165 billion, employing more than 45 million people. Policy alignment across PLI, PM MITRA parks, SAMARTH, and technical textile missions signals a comprehensive growth strategy.

Parallel welfare measures under the National Handloom Development Programme aim to strengthen the grassroots workforce. Awardee handloom weavers above 60 years receive ₹8,000 per month, while children of weavers can access scholarships up to ₹2 lakh annually. Insurance cover under PMJJBY and PMSBY adds social protection.