ENA Sectors 2023-04-05 15:51:46 <p><span style="font-size:14px"><strong>New Delhi, Apr 5 (KNN)</strong> With the aim to help the drone industry grow, the government has disbursed around Rs 30 crore during fiscal year 2022-23 under the Production Linked Incentive (PLI) Scheme, a government official confirmed to HT.</span></p> <p><span style="font-size:14px">As per reports, the funds have been distributed among 12 drone manufacturers and 11 drone component manufacturers.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">This scheme is of great financial support to start-up and small-scale entrepreneurs growing at a faster pace. A few of the beneficiaries of the scheme include Throttle Aerospace system, IdeaForge, Absolute Composites Pvt. Ltd and Aereo, an official from the aviation ministry said.</span></p> <p><span style="font-size:14px">A government official said the PLI rate is 20 per cent of the value addition which is one of the highest among PLI schemes and unlike other sectors where the rate reduces every year, in drones it remains the same throughout the three years.</span></p> <p><span style="font-size:14px">The eligibility norm for Ministry of Micro, Small and Medium Enterprises (MSME) and start-ups is at nominal levels and the coverage of the scheme also includes developers of drone-related software, the official said.</span></p> <p><span style="font-size:14px">Drone Federation of India (DFI) president Smit Shah told HT that its good to see the industry members receive the PLI incentives. The incentive amount for FY 21-22 was indicatively allocated as Rs 16 crore when the scheme was announced.</span></p> <p><span style="font-size:14px">It is heartening to see the governments decision of disbursing incentives higher than the indicative limit and fulfilling the claims of all eligible manufacturers, he said.</span></p> <p><span style="font-size:14px">The PLI scheme of the government aims to boost exports from India and reduce its dependency on imports. <em><strong>(KNN Bureau)</strong></em></span></p> 32876 https://knnindia.co.in/news/newsdetails/sectors/centre-disbursed-rs-30-cr-for-drone-manufacturing-under-pli-scheme-in-fy23 2023-04-05 15:51:46 knnindia.co.in