New Delhi, May 5 (Agency) The Ministry of Civil Aviation on Thursday said it has invited applications for Production Linked Incentive (PLI) scheme for drones and drone components. The last date for submitting the application form has been set as May 20, 2022, the Ministry said in a statement issued here. As per the terms, those who have crossed the PLI eligibility threshold for the financial year FY2022 can submit their applications for availing through benefit under the PLI scheme.
The eligibility criteria for PLI scheme for drones and drone components includes an annual sales turnover of Rs two crore for drone companies and Rs 50 lakh for drone components manufacturers; and value addition of over 40 per cent of sales turnover. The government notified the PLI scheme for drones and drone components on September 30, 2021. Under the scheme, a total incentive of Rs 120 crore is spread over three financial years, which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21. 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, it noted.