NEW DELHI: Applications of certain companies for claiming incentives under the production linked incentive (PLI) scheme for the white goods (AC and LED lights) are under examination and there is no delay in disbursement, an official statement said.
The Department for Promotion of Industry and Internal Trade (DPIIT) said investors were given option to choose one of the two gestation periods – up to March 2022 (one year) and up to March 2023 (two years).All 15 projects – companies that have opted for gestation period 2021-22 – have been commissioned.
“Companies opting for one year of gestation period are eligible for PLI in the current year (2023-24) based on achieving threshold investment and net incremental sales in 2022-23. Their online applications are under examination by the PMA (project management agency). The PLI will be disbursed by March 2024,” it said. The scheme has attracted a mix of multinational and domestic companies committing to develop a robust component ecosystem in India.
IFCI has been selected as PMA for the white gods scheme.
The Department for Promotion of Industry and Internal Trade (DPIIT) said investors were given option to choose one of the two gestation periods – up to March 2022 (one year) and up to March 2023 (two years).All 15 projects – companies that have opted for gestation period 2021-22 – have been commissioned.
“Companies opting for one year of gestation period are eligible for PLI in the current year (2023-24) based on achieving threshold investment and net incremental sales in 2022-23. Their online applications are under examination by the PMA (project management agency). The PLI will be disbursed by March 2024,” it said. The scheme has attracted a mix of multinational and domestic companies committing to develop a robust component ecosystem in India.
IFCI has been selected as PMA for the white gods scheme.