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HomePosts Tagged "PLI"
AgroPolicy, Agrotech, Finance, India, Schemes - Govt, Start ups, Sustainability

This scheme has multiple features to help the industry

The Ministry of Civil Aviation has disbursed an amount of Rs 30 crores to the beneficiaries during the year 2022-23 under the PLI Scheme for Drones and Drone Components.

To promote the indigenous drone industry, the government notified the Production Linked Incentive (PLI) scheme for drones and drone components in 2021. The step was widely welcomed by academia and industry experts. This scheme has multiple features to help the industry.

The total incentive is Rs. 120 crores spread over three financial years.  It is nearly double the combined turnover of all domestic drone manufacturers in the fiscal year 2020-21.

For this scheme, the PLI rate is 20 per cent of the value addition which is one of the highest among PLI schemes.

Under this scheme, the value addition is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components. 

The PLI rate is kept constant at 20 per cent for all three years, which is an exceptional treatment for the drone industry in the country.

The Minimum value addition norm has been at 40 per cent of net sales for drones and drone components instead of 50 per cent which is another exceptional treatment for the industry. 

The eligibility norm for MSMEs and startups is at nominal levels.

The coverage of the scheme includes developers of drone-related software also.

PLI for a manufacturer is capped at 25 per cent of the total annual outlay. This allows for the widening of the number of beneficiaries.

In case a manufacturer fails to meet the threshold for the eligible value addition for a particular financial year, she will be allowed to claim the lost incentive in the subsequent year if she makes up the shortfall in the subsequent year.

This scheme has multiple features to help

Agrotech

The eligibility criteria for the PLI scheme for drones and drone components includes an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lacs for drone components manufacturers

The Ministry of Civil Aviation (MoCA) has opened the application window for those manufacturers of drones and drone components, who may have crossed the PLI eligibility threshold for the full financial year.

The final list of PLI beneficiaries is expected to be released by June 30, 2022 after detailed scrutiny of their financial results and other specified documents. 

Earlier on April 20, 2022, MoCA has published a provisional list of 14 PLI beneficiaries based on the financial results submitted by PLI applicants for the ten-month period. These include five drone manufacturers and nine drone component manufacturers. 

The eligibility criteria for the PLI scheme for drones and drone components includes an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lacs for drone components manufacturers; and value addition of over 40 per cent of sales turnover.

The PLI scheme for drones and drone components was notified on September 30, 2021. Under the scheme, a total incentive of Rs 120 crore is spread over three financial year which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21. The PLI rate is 20 per cent of the value addition which is one of the highest among other PLI scheme.

The eligibility criteria for the PLI scheme