Citing rising industry appetite for investment and a growing market, the government has reopened the Production-Linked Incentives for White Goods scheme for air conditioners and LED lights for a period of 90 days, starting July 15.
The Commerce and Industry Ministry said in a press release on Monday that it intends to retain the same terms and conditions notified in 2021, and will close the application window on Oct. 12 on its online portal.
The government has decided to introduce the system of quarterly claims processing of PLI, in place of processing of claims on an annual basis, which was previously reported for being implemented across PLI schemes.