 "PLI, Product-linked scheme, electronics, manufactuing, consumer durables, air conditioners, white goods, led lights")
The Department for Promotion of Industry and Internal Trade (DPIIT) revised guidelines for the PLI scheme for white goods, offering some relaxations.
It also said that a company availing benefits under scheme, if for any reason fails to make full committed investment and exits midway, will then have to refund the incentives taken along with interest. In addition, the bank guarantee will also be invoked, according to frequently asked questions released by the DPIIT.
“Therefore, if any selected applicant declines the offer of approval under the scheme at any stage or exits the scheme without making full committed investment for reasons whatsoever; in such case, the bank guarantee furnished by the selected applicant shall be invoked as per the provisions...the
