Production Linked Incentives

ABOUT PRODUCTION LINKED INCENTIVE “PLI” SCHEME

During the last Financial year the Government of India, on behest of the Trade Body recommendations, worked out and approved the PLI Scheme for 10 Key sectors in order to not only enhance India’s manufacturing capabilities but at the same time generate employment thus propelling the economy. The following 10 Key sectors were chosen and approved by India’s Cabinet as per the vision 2025. For this, a total outlay of Rs 1.98 Lac Crores is pegged to be incentivised.

Jotwani Associates assists Clients with the following:

• 1) Checking the eligibility of your company for Production Linked Incentives (Free of Charge)
• 2) Application assistance under the schemes;
• 3) Representing before authorities for the above applications,
• 4) Assistance in calculating the amount of incentive,
• 5) Following up with the relevant authorities for disbursement.

MOVING FORWARD

The Production Link Incentives (“PLI”) vary from 4% to 6% of revenues, based on incremental sales and investments. The definition of sales, investments, thresholds eligibility and incentives are different, for different sectors. Therefore, Jotwani Associates advises to follow the steps enumerated as below:

Step 1: (2-days): Seek a Free Assessment on eligibility. Contact us at +919730049704, or fill-up the form: CLICK HERE
Step 2: (3-day): Evaluation Report Discussion (Conference Call), Engagement Letter, Sharing of the list of documentation required
Step 3: (14-days): After submission of documents from the client: application preparation, it’s approval from the client and filing at the Ministry  
Step 4:  (14-days or earlier): First follow up and review of objections, if any

SECTORS, MINISTRY AND PRODUCTS