Consider the following statements regardingProduction-Linked Incentive (PLI) scheme.1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.Which of the above statements is/are correct?a)1 onlyb)1, 3c)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements regarding Production-Linked Incentive (PLI) scheme.

1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.

2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.

3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.

Which of the above statements is/are correct?

a)
1 only
b)
1, 3
c)
2, 3
d)
1, 2

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

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Consider the following statements regardingProduction-Linked Incentive...

Production-linked incentive scheme (PLI), instituted in April 2020 for large-scale electronics manufacturing in India, has gained significant traction over the past year. It offers a simple and direct incentive based on incremental sales, designed to boost domestic manufacturing and attract large investments in mobile phone and specified electronic component manufacturing units. In November 2020, the PLI scheme was extended to ten more sectors, including food processing, battery storage, automobile components and specialty steel.

The new sectors included under the PLI scheme will be implemented by the respective ministries.

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Consider the following statements regardingProduction-Linked Incentive (PLI) scheme.1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.Which of the above statements is/are correct?a)1 onlyb)1, 3c)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements regardingProduction-Linked Incentive (PLI) scheme.1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.Which of the above statements is/are correct?a)1 onlyb)1, 3c)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regardingProduction-Linked Incentive (PLI) scheme.1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.Which of the above statements is/are correct?a)1 onlyb)1, 3c)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regardingProduction-Linked Incentive (PLI) scheme.1. The PLI scheme aims to boost domestic manufacturing and cut down on imports by providing cash incentives on incremental sales from products manufactured in India.2. The Ministry of Electronics and Information Technology is the single nodal ministry for the implementation of the PLI scheme.3. Adding any new sector for PLI scheme will require approval of the Union Cabinet.Which of the above statements is/are correct?a)1 onlyb)1, 3c)2, 3d)1, 2Correct answer is option 'B'. Can you explain this answer?.

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