Saturday, September 25, 2021
HomeBusinessCabinet Clears Production Linked Incentive Scheme For Drone Makers

Cabinet Clears Production Linked Incentive Scheme For Drone Makers


Union Cupboard has cleared a manufacturing linked incentive scheme for drone producers

The Union Cupboard on Wednesday cleared a manufacturing linked incentive (PLI) scheme for drones and drone parts, underneath which an funding of round Rs 5,000 crore within the subsequent three years is anticipated. Over the following three years, Rs 120 crore might be given underneath the scheme to producers.

Additionally producers of drones and drone parts might be incentivised by 20 per cent of the worth addition made by them.

Minister for Info and Broadcasting Anurag Thakur informed media individuals after the Cupboard assembly that the scheme will even encourage start-ups that are concerned in manufacturing of drones and on the identical time will even assist in producing 10,000 direct jobs within the sector.

The annual turnover of the drone manufacturing trade is anticipated to develop from Rs 60 crore, which was recorded in 2020-21, to round Rs 900 crore by 2023-24.

The eligibility criterion for micro small and medium enterprise (MSME) startups by way of annual gross sales turnover has been stored at Rs 2 crore for drones and Rs 50 lakh for drone parts.

The eligibility norm for non-MSME corporations by way of annual gross sales turnover has been stored at Rs 4 crore for drones and Rs 1 crore for drone parts.



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