No disbursal delay of PLI sops for white goods: DPIIT

Feb 7, 2024

New Delhi: Applications of some companies to claim incentives under the Production Linked Incentive (PLI) scheme for white goods (ACs and LED lights) are being examined and disbursed, an official statement said. There is no delay.
Department for Promotion of Industry and Internal Trade (DPIIT) said investors were given the option to choose between two gestation periods – till March 2022 (one year) and till March 2023 (two years). All 15 projects – companies that have opted for the gestation period of 2021-22 – have been commissioned.
“Companies opting for one year gestation period are eligible for PLI in the current year (2023-24) on the basis of achieving limit investment and net incremental sales in 2022-23. Their online applications are under scrutiny. PMA (Project Management Agency). The PLI will be disbursed by March 2024.'' The scheme has attracted multinational and domestic companies committed to developing a strong component ecosystem in India.
IFCI has been selected as the PMA for the White Gods scheme.

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