NEW DELHI: The government is mulling ways in which it can provide additional incentives to companies that have been able to produce, sell and export mobile phones over and above the production targets set for them every financial year under the mobile phone production-linked incentive (PLI) scheme, sources told ET.
A senior government official told ET that some companies have consistently met their production targets under the PLI scheme and have raised the issue of being provided additional incentives as soon as possible as a “good faith” measure.
“The decision on disbursement on production above the ceiling limit is pending at the empowered committee level. We are looking at how to approach this issue best and hope to arrive at a solution soon,” an official said.
The PLI scheme for large-scale electronics manufacturing, notified on April 1, 2020, provides an incentive of 4%-6% on incremental sales over the base year.
Though the scheme was supposed to run only till 2024-25, it was extended by a year to accommodate requests from companies which did not meet their production targets due to various Covid-19-induced lockdowns.
Source: The Economic Times
Onboarding By P2P Lenders Plummets More Than 90 Per Cent 