Should You Consider Getting Drone Insurance In India?
4 / 4 / 2023
India's Production Linked Incentive (PLI) Scheme has disbursed around ₹30 crore to 12 drone manufacturers and 11 drone component manufacturers during FY 2022-23.
The scheme provides financial support to start-ups and small-scale entrepreneurs, offering a 20% value addition rate, one of the highest among PLI schemes.
Unlike other sectors, the rate remains the same throughout three years, and the scheme also covers drone-related software developers.
The PLI for a manufacturer is capped at 25% of the total annual outlay, allowing a wider range of beneficiaries.
The total outlay for three years is approximately ₹120 crore, nearly double the turnover of domestic drone manufacturers in FY 2020-21.