The Ministry of Commerce and Industry on 4th June 2021 has notified the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) manufacturers in India. The objective of the scheme is to create complete component ecosystem in India and make India an integral part of the global supply chains.
The tenure of the scheme shall be from the financial year 2021-2022 to financial year 2028-29 and the scheme shall extend incentive ranging from 4-6% on net incremental sales of eligible products over the sale of eligible products in the base year.
The application window for the Scheme shall be open from 15th June 2021 to 15th September 2021 and an entity availing benefits under any other PLI Scheme of Govt. India may take benefits under other applicable schemes of Govt. of India or schemes of State governments.
