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Jun 3, 20212 min
Small Industries Development Bank of India (SIDBI) has been appointed as the Project Management Agency (PMA) for the PLI scheme.
The scheme will be effective from 1st April 2021. The investment made by successful applicants in India from 1st April 2021 onwards and up to Financial Year (FY) 2024-2025 shall be eligible, subject to qualifying incremental annual thresholds. The support under the Scheme shall be provided for a period of five (5) years, i.e. from FY 2021-22 to FY 2025-26.
The Scheme is open to both MSME and Non-MSME Companies including Domestic and Global Companies. Also, manufacturers with products with Indian technology are encouraged to apply.
Interested eligible Applicants can start the registration process for the Scheme from 4th June 2021 at https://www.pli-telecom.udyamimitra.in. The Application window shall be open for 30 days i.e. up to 3rd July 2021.
Applicants will have to satisfy the minimum revenue criteria to be eligible under the Scheme. The Company may decide to invest in single or multiple eligible products. The Scheme stipulates a minimum investment threshold of ₹ 10 Crores for MSME and ₹ 100 Crores for non-MSME applicants. Land and building cost will not be counted as investment. Eligibility shall be further subject to Incremental Sales of Manufactured Goods (covered under Scheme Target Segments) over the base year (FY2019-20).
The Department of Telecommunications shall grant approvals to 10 (ten) eligible applications each in MSME & non-MSME categories. Out of the 10 applications in the non-MSME category, at least 3 (three) Applicants will be eligible Domestic companies. The applications will be shortlisted from highest to lowest on the basis of committed cumulative incremental investment during the Scheme period.
It is estimated that full utilisation of the Scheme funds is likely to lead to incremental production of around ₹ 2.4 Lakh Crores with exports of around ₹ 2 Lakh Crores over 5 years. It is also expected that the Scheme will bring an investment of around ₹ 3,000 crores and generate huge direct and indirect employment. This is in line with the larger objective of “Make in India”.
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