PremiumThe deadline for submitting the application form is 11.59 PM on March 31, 2022. The ministry had on September 16, 2021, announced a PLI scheme for drones and drone components
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The ministry of civil aviation has invited applications for the production-linked incentive (PLI) scheme for drones and drone components that was announced in 2021.
The ministry notification said manufacturers who are likely to meet the eligibility critaria can submit the application form at civilaviation.gov.in/application-pli-scheme.
The deadline for submitting the application form is 11.59 PM on March 31, 2022. The ministry had on September 16, 2021, announced a PLI scheme for drones and drone components.
Under the PLI scheme, the incentive for a manufacturer of drones and drone components will be 20 per cent of the "value addition" made by the company during the next three years.
The value addition is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components.
"The application form (for PLI scheme) is of one page only, along with the certificate from the head of the organisation and the statutory auditor," the Civil Aviation Ministry's statement said on Thursday.
Over one company in a group of companies may file separate applications under this PLI scheme and the same will be evaluated independently, it mentioned. However, the total PLI payable to such applicants shall be capped at 25 per cent of the total financial outlay under this PLI scheme, it noted.
With PTI inputs
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