The guidelines for Production Linked Incentive (PLI) scheme has been notified by the Department for Promotion of Industry and Internal Trade (DPIIT) for white goods such as air conditioners and LED lights manufacturers in India worth ₹6238 crore.
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The objective of the scheme is to create complete component ecosystem in India and make India an integral part of the global supply chains.
With due consultations with industry and other stakeholders, DPIIT issued detailed Scheme Guidelines for effective operation and smooth implementation of the Scheme.
The Scheme is expected to attract global investments, enhance manufacturing and generate large scale employment opportunities.
The PLI Scheme will be implemented within the overall financial limits of Rs. 6,238 Crores over a period of 5 years during FY 2021-22 to FY 2028-29.
An entity availing benefits under any other PLI Scheme of Govt. India will not be eligible under this scheme for the same products but the entity may take benefits under other applicable schemes of Govt. of India or schemes of State governments.
The Scheme will be implemented as a pan India scheme and is not specific to any location, area or segment of population. A number of global and domestic companies, including a number of MSMEs are likely to benefit from the Scheme.
