Concerning the Production Linked Incentive (PLI) Scheme National Programme on High Efficiency Solar PV (Photo Voltic) Modules, consider the following statements:1. A straightforward competitive bidding process will be used to choose solar PV manufacturers.2. PLI will be paid out for five years after high-efficiency solar PV manufacturing plants commissioning.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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Concerning the Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules', consider the following statements:

1. A straightforward competitive bidding process will be used to choose solar PV manufacturers.

2. PLI will be paid out for five years after high-efficiency solar PV manufacturing plants' commissioning.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?

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Concerning the Production Linked Incentive (PLI) Scheme National Progr...

The Union Cabinet has approved the Ministry of New & Renewable Energy's proposal for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore.

Solar PV manufacturers will be selected through a transparent competitive bidding process.
PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules.

The outcomes/ benefits expected from the scheme are as follows:

Additional 10,000 MW capacity of integrated solar PV manufacturing plants,
Direct investment of around Rs.17,200 crore in solar PV manufacturing projects
Demand of Rs.17,500 crore over 5 years for 'Balance of Materials',
Direct employment of about 30,000 and Indirect employment of about1,20,000 persons,
Import substitution of around Rs.17,500 crore every year, and
Impetus to Research & Development to achieve higher efficiency in solar PV modules.

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Concerning the Production Linked Incentive (PLI) Scheme National Programme on High Efficiency Solar PV (Photo Voltic) Modules, consider the following statements:1. A straightforward competitive bidding process will be used to choose solar PV manufacturers.2. PLI will be paid out for five years after high-efficiency solar PV manufacturing plants commissioning.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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