Ministry: Ministry Of Commerce And Industry
Department: Department For Promotion Of Industry And Internal Trade
The scheme targets manufacturers of components / sub-assemblies of Air Conditioners & LED Lights and offers 4–6% incentive on incremental sales to boost localization, reduce imports, and build a domestic supply chain.
Incentive under the Scheme shall be provided to Companies making brown field or green field Investments for manufacturing in target segments in India.
Eligibility shall be subject to achievement of thresholds of net incremental sales of Eligible Products for the respective financial year over the base year or net incremental sales of eligible products over the base year or FY 2020-21, whichever is higher, as the case may be and cumulative incremental investment in the preceding financial year, which shall not be less than the threshold investment as detailed in Appendix-I or Appendix IA of the Scheme Guidelines, as the case may be.
In case an applicant does not meet criteria of threshold investment and threshold net incremental sales for any given year, the applicant shall not be eligible for disbursement of incentive for that particular financial year. However, the applicant will not be restricted from claiming incentive for subsequent years during the tenure of the Scheme, provided eligibility criteria of cumulative committed investment and threshold net incremental sales are met for such subsequent financial years.
The incremental sales of eligible products should be commensurate with created production capacity from investments committed under the scheme.
For the purpose of determining eligibility of an applicant with respect to incremental investment, the investment covered under any other PLI Scheme of Govt. of India of the Applicant shall not be considered for determining eligibility under this PLI Scheme and vice-versa.
In every financial year for which the incentive is claimed, the net sales turnover of eligible products of the selected applicant and its group companies shall not be less than the sum of their net sales turnover of eligible products manufactured in India in the base year for applicants meeting the pre-qualification criteria on the basis of financial attributes of base year and higher of net sales turnover of eligible products in the base year or FY 2020-21, for applicants meeting the pre-qualification criteria on the basis of financial attributes of FY 2020-21; along with the corresponding threshold incremental net sales turnover of the selected applicant as detailed in Appendix-1 or Appendix-IA of the Scheme Guidelines, as the case may be.
For applicants opting for initial investment period as 1st April, 2021 to 31st March, 2023, the first and last year of achieving the required corresponding threshold incremental sales for availing the PLI shall be FY 2023-2024 and FY 2027-28 respectively as detailed in Appendix -IA of the Scheme Guidelines.
✦ Required ◦ Optional
Step 01: Visit the official website of the Department for Promotion of Industry and Internal Trade (DPIIT) and register on the PLI-WG Online Portal.
Step 02: Complete the online application form, upload all necessary documents, and pay the application fee.
Step 03: Your application will be reviewed, and approval will be granted by the competent authority if all requirements are met.
Step 04: After approval, follow all required compliance procedures and guidelines to maintain eligibility.
