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  • Financial Express

Rs 30 crore govt grant for drones manufacturing: Govt disburses PLI scheme incentives to 23 firms

The Civil Aviation Ministry has disbursed nearly Rs 30 crore to 23 beneficiaries during FY 2022-23 under the PLI scheme for manufacturing drones and drone components, it said in a statement. A provisional list of 23 PLI beneficiaries was released on 6th July 2022; this includes 12 drone manufacturers and 11 drone component manufacturers.

The government had notified the PLI scheme for drones and drone components on 30th September 2021. The scheme has features including a total incentive of Rs 120 core spread over three financial years, which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21. Also, the PLI rate for this scheme is 20 per cent of the value addition, which is the highest among PLI schemes and this rate is kept constant at 20 per cent for all three years.

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