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Published on 12/08/2022 12:13:53 PM | Source: Accord Fintech

Ministry of Heavy Industries launches automated online data transfer to monitor PLI scheme for auto

Posted in Industry News| #Auto Sector #Industry #Mahendra Nath Pandey

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The Ministry of Heavy Industries (MHI) has launched automated online data transfer for capturing critical data related to domestic value addition in the Production Linked Incentive (PLI) scheme for the auto sector. The new system will capture data from PLI applicant's ERP (Enterprise Resource Planning) system to PLI auto portal. It stated that all approved applicants of the PLI Scheme have their own ERP system. ERP is a type of software that organisations use to manage business activities.

The IT-enabled system has been devised to enable smooth transfer of data from the applicant's existing ERP system to PLI Auto portal of MHI in a safe environment. The Application Programming Interface (API) will get embedded with ERP system of the applicant and will enable automaticity and paperless processing in this scheme.  In normal circumstances, the applicants would have been required to file voluminous claims. This facility eliminates that voluminous paperwork by bringing in automation.

Thus, this IT-enabled system will reduce the compliance burden on the part of the applicants on the one hand and it will enable faster processing of claim on the other hand. It mentioned this system has been devised after exhaustive stakeholder consultations with leading OEMs and Auto component manufacturing companies.  Besides, Union Heavy Industries Minister Mahendra Nath Pandey said that these processes are important steps in enabling transparency, ease of doing business, faceless and self-certification-based assessment and paperless delivery.