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Deadline extended for India's ambitious IT hardware incentive scheme

By Guest Author,

Added 01 August 2023

Ministry of Electronics and Information Technology (MeitY) now offers more time to entrepreneurs and manufacturers to join the PLI Scheme 2.0.

The Ministry of Electronics and Information Technology (MeitY) has extended the date for accepting applications under the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware until August 30, 2023. This scheme, with a budgetary outlay of Rs 17,000 crore, was notified on May 29, 2023, through a comprehensive notification (No. CG-DL-E-30052023-246165). The PLI Scheme 2.0 aims to bolster and enhance the IT hardware manufacturing ecosystem in India.

For interested applicants, the Operational Guidelines for the Production Linked Incentive Scheme 2.0 for IT Hardware were officially notified on July 14, 2023. These guidelines can be accessed here.

To participate in the scheme, the application window has been opened, and the dedicated application portal is now live. Eligible applicants can register and submit their applications here. This extension provides an opportunity for more stakeholders to participate and contribute to the growth and expansion of the IT hardware manufacturing sector in the country.