Friday, December 02, 2022

Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components

The civil aviation ministry has outlined the operational guidelines for the Production Linked Incentive (PLI) scheme for drones and drone components.

According to reports, the PLI scheme is to be implemented during the 2022-23 to 2024-25 period for which the central government has granted an outlay of Rs 120 crore. 

The ministry's notification stated that the guidelines have been finalised after meetings with stakeholders, including industry representatives. It further said the PLI will be extended only to companies involved in the manufacturing of drones and drone components in India.

The maximum PLI for each manufacturer is capped at Rs 30 crore, or 25% of the overall financial outlay of Rs 120 crore. According to the ministry's notification, Indian MSMEs and startups manufacturing drones and having annual sales turnover of Rs 2 crore will be eligible for the scheme. In the case of drone component makers, the eligibility threshold will be Rs 0.5 crore.

For Indian non-MSMEs that are into making drones, the annual sales turnover requirement will be Rs 4 crore for claiming the PLIs. The minimum level will be Rs 1 crore in the case of non-MSME drone component makers, as per the ministry.

Subject to the norms, developers of software for drones and drone components will also be eligible for PLI.

"Excess incentive paid to any applicant (due to any reason like sales return in the subsequent year or some other reason) will be adjusted in the incentives payable in the next year(s).

"If there are no incentives payable in the next year(s), the applicant has to return the incentive along with interest calculated at 3 years SBI MCLR prevailing on the date of disbursement, compounded annually, for the number of days of holding the excess incentive," the ministry said.

02/12/22 India TV

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