SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ministry of Steel launches PLI Scheme 1.1 for specialty steel to boost domestic production

07 Jan 2025 Evaluate

Ministry of Steel has launched the second round of Production Linked Incentive (PLI) scheme for Specialty Steel, termed as PLI Scheme 1.1 on January 6, 2025, for five product categories which is the same as the existing PLI Scheme to enable further participation as industry participants requested the ministry for relaxation. PLI Scheme 1.1 will remain open from January 6 to January 31, 2025. The scheme will operate within the funds originally allocated for the scheme, i.e., Rs 6,322 crore.

PLI Scheme 1.1 covers five product categories in line with the existing PLI Scheme, namely Coated / Plated Steel Products, High Strength / Wear resistant Steel, Specialty Rails, Alloy Steel Products & Steel wires and Electrical Steel. These products have a wide range of application, from white goods to transformers to Automobiles and other niche sectors. 

PLI Scheme for specialty steel has brought the issue of developing self-reliance in production of specialty steel to the forefront. Country shall benefit from reduction in imports of specialty steel, achieving ‘Atmanirbharta’ through capacity creation, ensuring investments leading to job creation and moving up the value chain in steel business.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×