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With reference to the PLI Scheme for Drone industry, consider the following statements:
1. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.
2. The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.
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?
Verified Answer
With reference to the PLI Scheme for Drone industry, consider the foll...
Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for Drone Industry.
  • The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.
  • The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.
  • The incentive for a manufacturer of drones and drone components shall be as high as 20% of the value addition made by her.
  • The Government, has agreed to keep the PLI rate constant at 20% for all three years, an exceptional treatment given only to the drone industry. In PLI schemes for other sectors, the PLI rate reduces every year.
  • The Government has agreed to widen the coverage of the incentive scheme to include developers of drone-related IT products also. The PLI for Drones and Drone components industry, will over a period of three years, lead to investments worth ₹ 5,000 Crore, increase in eligible sales of ₹ 1500 crore and create additional employment of about 10,000 jobs.
  • Hence both statements are correct.
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With reference to the PLI Scheme for Drone industry, consider the following statements:1. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.2. The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.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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With reference to the PLI Scheme for Drone industry, consider the following statements:1. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.2. The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.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? 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 With reference to the PLI Scheme for Drone industry, consider the following statements:1. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.2. The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.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? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the PLI Scheme for Drone industry, consider the following statements:1. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.2. The total amount allocated for the PLI scheme for drones and drone components is INR 120 crore spread over three financial years.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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