Govt approves Production Linked Incentive scheme for drones and drone components
The government has approved the Production Linked Incentive (PLI) scheme for drones and drone components for implementation during 2022-23 to 2024-25 with an outlay of 120 crore rupees on 2 December.
The scheme is being implemented by the Ministry of Civil Aviation.
The objective of this scheme is to incentivize the manufacturing of drones and drone components in the country with a focus to make the indigenous' industries globally competitive.
Support under the scheme will be provided only to companies engaged in the manufacturing of drones and drone components in India.
As per the guidelines, the minimum annual sales turnover to claim the benefit of PLI should be Rs 2 crore for drones and Rs 50 lakh for single component segment for MSMEs and startups.
Non-MSMEs must have an annual sales turnover of Rs 4 crore for drones and Rs 1 crore for components segment.
Empowered Group of Secretaries chaired by the Cabinet Secretary will monitor the scheme.
Please Rate this article, so that we can improve the quality for you -