Govt to provide incentive under PLI scheme
The eligibility criteria which have been set for drones and drone component manufacturers are as follows:
(i) Eligibility norms for Micro, Small and Medium Enterprises (MSME) and startups are specified are as Rs 2 crore of annual sales revenue for drone manufacturers and Rs 50 lakh of annual sales revenue for drone component manufacturers.
(ii) Eligibility norm for non-MSME has specified as Rs 4 crore of annual sales revenue for drone manufacturers and Rs. 1 crore of annual sales revenue for drone component manufacturers.
(iii) Minimum value addition is specified as 40% of net sales
The Government is providing a total incentive of Rs 120 crore spread over three financial years starting 2021-22. The incentive for 2021-22 will be payable in 2022-23 after scrutiny of the financial results of the beneficiaries.
This information was given by the Minister of State in the Ministry of Civil Aviation (Gen. (Dr) VK Singh (Retd) in a written reply to a question in Rajya Sabha.