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With reference to the Production Linked Incentive (PLI) scheme, consider the following statements:
1. The Union Cabinet recently approved changes to the Rs 76,000-crore semiconductor Production Linked Incentive (PLI) scheme.
2. The PLI schemes are implemented by NITI Aayog.
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 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Production Linked Incentive (PLI) scheme, consid...
The Union Cabinet recently approved changes to the Rs 76,000-crore semiconductor Production Linked Incentive (PLI) scheme.
PLI scheme provides incentives to companies for enhancing their domestic manufacturing.
The PLI schemes are implemented by the concerned Ministries/ Departments.
PLI Schemes for 13 sectors was announced during the Union Budget 2021-22. Later, textile sector was also added.
This will now allow for a uniform fiscal support of 50 per cent of project cost for semiconductor fabs across technology nodes and display manufacturing.
Hence only statement 1 is correct.
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With reference to the Production Linked Incentive (PLI) scheme, consider the following statements:1. The Union Cabinet recently approved changes to the Rs 76,000-crore semiconductor Production Linked Incentive (PLI) scheme.2. The PLI schemes are implemented by NITI Aayog.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 'A'. Can you explain this answer?
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