|PLI Scheme for Automobile and Auto Component Industry Application Form 2024 PDF
|October 20, 2022
|No. of Pages
|Government Schemes, Forms, Policies & Guidelines PDF
|Topic / Tag
|Application Form PDF
|Source(s) / Credits
PLI Scheme for Automobile and Auto Component Industry Application Form 2024 available to download in PDF format at heavyindustries.gov.in. The central govt. has approved the Production Linked Incentive scheme for automobile and auto component industry in India for enhancing India’s Manufacturing Capabilities for Advanced Automotive Products (AAT).
PLI Scheme for Automobile and Auto Component Industry
PLI Scheme for Automobile and Auto component industry proposes financial incentives to boost domestic manufacturing of Advanced Automotive Technology (AAT) products. It would attract investments in the automotive manufacturing value chain. The prime objectives include overcoming cost disabilities, creating economies of scale and building a robust supply chain in areas of AAT products. It will also generate employment.
This scheme will facilitate the Automobile Industry to move up the value chain into higher value-added products. You can read how to apply online for PLI Scheme in India. The scheme has two components viz. Champion OEM incentive scheme and Component Champion incentive scheme.