MEITY invites applications for incentives under PLI 2.0 for IT hardware

LegalitySimplified

Ministry of Electronics & IT on 30th May, 2023 invites application under PLI Scheme 2.0 for IT Hardware which will be open from June 01, 2023. The Union Cabinet had given approval to introduce the Production-Linked Incentive (PLI) scheme 2.0 for IT Hardware for Enhancing India’s Manufacturing Capabilities and Enhancing Exports.

The scheme also provides increased flexibility and options for applicants, and is tied to incremental sales and investment thresholds to further incentivize growth.

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