NEW DELHI: Government on Monday said it has decided to settle production-linked incentive claims on a quarterly basis, instead of annually, as it reopened the application window for the scheme for white goods, focusing on ACs and LED lights.
The change in claim settlement policy, which has been incorporated in the proposed scheme, is meant to ensure adequate “liquidity” for the manufacturers who have often complained of delay in payments from govt.
The application window for ACs and LED lights will remain open from July 15 to Oct 12, the department for promotion of industry and internal trade said in a statement, seeking to provide a fresh opportunity under the scheme to prospective manufacturers.
The reopened window allows both new applicants and existing beneficiaries to apply. Existing beneficiaries can switch to a higher target segment. They can apply under different target segments, an official statement said.
The change in claim settlement policy, which has been incorporated in the proposed scheme, is meant to ensure adequate “liquidity” for the manufacturers who have often complained of delay in payments from govt.
The application window for ACs and LED lights will remain open from July 15 to Oct 12, the department for promotion of industry and internal trade said in a statement, seeking to provide a fresh opportunity under the scheme to prospective manufacturers.
The reopened window allows both new applicants and existing beneficiaries to apply. Existing beneficiaries can switch to a higher target segment. They can apply under different target segments, an official statement said.
