Recently central government announced to provide incentive of Rs ____ under PLI scheme for drones and drone components?

Solution

The Government is providing a total incentive of Rs 120 crore spread over three financial years starting 2021-22. The Production-Linked Incentive (PLI) Scheme for drones and drone components was notified in September 2021. A provisional list of 23 PLI beneficiaries was released in July 2022. The beneficiaries include 12 drone manufacturers and 11 drone component manufacturers. The eligibility criteria which have been set for drones and drone component manufacturers are as follows: Eligibility norm for MSME and startups is specified as Rs. 2 crore of annual sales revenue for drone manufacturers and Rs. 50 lakhs of annual sales revenue for drone component manufacturers. Eligibility norm for Non-MSME is specified as Rs. 4 crore of annual sales revenue for drone manufacturers and Rs. 1 crore of annual sales revenue for drone component manufacturers. Minimum value addition is specified as 40% of net sales. Production Linked Incentive Scheme (PLI) offers a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components The scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of 5 years PLI Ministry: Ministry of Electronics & IT Launch Year: 2020