White goods PLI scheme reopened, applications can come in till Oct 14

New Delhi: The government has reopened the application window for the production linked incentive (PLI) scheme for white goods (air conditioners and LED lights) for 30 days, the commerce and industry ministry said on Sunday.

The window will remain open from September 15 to October 14.

"The application window for the PLI scheme for white goods is being reopened based on the appetite of the industry to invest more under the scheme," the ministry said, adding that no application will be accepted after the closure of the application window. The Union cabinet had given approval for the ₹6,238 crore scheme on April 07, 2021, and it is to be implemented over a seven-year period till 2028-29.

So far, 83 applicants with committed investment of ₹10,406 crore have been selected as beneficiaries under the PLI scheme.

As per the statement, in order to avoid any discrimination, both new applicants and existing beneficiaries of the scheme who propose to invest more by way of switching over to a higher target segment or their group companies applying under a different target segment would be eligible to apply, subject to certain conditions.

Applicants will be eligible for incentives only for the remainder of the scheme's tenure. The applicant approved in the proposed fourth round would be eligible for PLI for a maximum of two years only in the case of new applicants and beneficiaries opting for GP-2 (gestation period), seeking to move to a higher investment category.