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Drone Shakti

Posted 01/04/2023
Description The government of India launched Drone Shakti, as voiced by the Union Finance Minister Nirmala Sitharaman on February 1, 2022. This new initiative is designed to motivate startups to introduce diverse applications for drones, including drones-as-a-service (DaaS). Furthermore, the finance minister also stated that the government would encourage the use of drones by farmers. Sitharaman focused on the farmers' use of these drones to survey the lands and spray insecticides along with digitising land records. Besides, the government also asserted to stand in full support of the drone technology startup in India. It recently flagged off 100 Kisan Drones in diverse parts of the country to spray pesticides and more. In order to promote made-in-India drones, the government of India banned the import of drones with immediate effect. This however exempts the import of drones for research and development, defence, and security purposes, as per the Ministry of Civil Aviation (MoCA).
Provider Type Central Govt / State Govt / Private Sector Central Govt
Provider Name Ministry of Civil Aviation (MoCA).
Amount 120 CRORE- The drone manufacturing industry, as estimated by MoCA, is expected to receive an investment of over Rs 5,000 crore over the next 3 years, which will include drones and drone component
Grant Conditions & Qualifying Criteria As per the scheme, Minimum value addition norm is at 40% of net sales for drones and drone components instead of 50%, an exceptional treatment for drones. Eligibility norm for MSME and startups is at nominal levels. Coverage of the scheme includes developers of drone-related software also. PLI for a manufacturer shall be capped at 25% of total annual outlay. This will allow widening the number of beneficiaries.In case a manufacturer fails to meet the threshold for the eligible value addition for a particular financial year, she will be allowed to claim the lost incentive in the subsequent year if she makes up the shortfall in the subsequent year. The application form is of one page only, along with the certificate from the head of organisation and the statutory auditor.More than one company within a Group of Companies may file separate applications under this PLI scheme and the same shall be evaluated independently
Focus Sector (Healthcare, Defense, Agriculture, etc.)
Provider Contact Email NA
Provider Website URL https://www.corpseed.com/knowledge-centre/drone-shakti-scheme
Type of funding (Grant, Loan or Equity) Grant
Process NA
Tips for Winning NA
Provider Indian State NA
Provider Contact Address
Is Active "Yes"
Other Details