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.
