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With reference to the Production Linked Incentive Scheme 2.0, consider the following statements:
- Under this scheme incentive given will be based on the net incremental sales of manufactured goods in the target segment, compared to the base year.
- The incentives provided under this scheme will be applicable for a period of 10 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 'A'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Production Linked Incentive Scheme 2.0, consider...
The correct answer is option 'A': 1 only.
Explanation:
The Production Linked Incentive (PLI) Scheme 2.0 is a government initiative aimed at promoting domestic manufacturing in various sectors. Let's analyze the given statements:
Statement 1: Under this scheme, the incentive given will be based on the net incremental sales of manufactured goods in the target segment, compared to the base year.
This statement is correct. The PLI Scheme 2.0 provides incentives to eligible manufacturers based on their incremental sales in the target segment. Incremental sales refer to the increase in sales of manufactured goods compared to a base year. The incentive amount is calculated as a percentage of incremental sales, encouraging manufacturers to boost production and sales.
Statement 2: The incentives provided under this scheme will be applicable for a period of 10 years.
This statement is incorrect. The incentives provided under the PLI Scheme 2.0 are not applicable for a period of 10 years. The exact duration of the scheme may vary depending on the sector and industry. The government sets a specific timeline for each sector based on its growth potential, market conditions, and other relevant factors. The actual duration of the scheme can be shorter or longer than 10 years, depending on the specific provisions for each sector.
In conclusion, only statement 1 is correct, while statement 2 is incorrect. The PLI Scheme 2.0 provides incentives based on incremental sales, but the duration of the scheme may vary for each sector.
Explanation:
The Production Linked Incentive (PLI) Scheme 2.0 is a government initiative aimed at promoting domestic manufacturing in various sectors. Let's analyze the given statements:
Statement 1: Under this scheme, the incentive given will be based on the net incremental sales of manufactured goods in the target segment, compared to the base year.
This statement is correct. The PLI Scheme 2.0 provides incentives to eligible manufacturers based on their incremental sales in the target segment. Incremental sales refer to the increase in sales of manufactured goods compared to a base year. The incentive amount is calculated as a percentage of incremental sales, encouraging manufacturers to boost production and sales.
Statement 2: The incentives provided under this scheme will be applicable for a period of 10 years.
This statement is incorrect. The incentives provided under the PLI Scheme 2.0 are not applicable for a period of 10 years. The exact duration of the scheme may vary depending on the sector and industry. The government sets a specific timeline for each sector based on its growth potential, market conditions, and other relevant factors. The actual duration of the scheme can be shorter or longer than 10 years, depending on the specific provisions for each sector.
In conclusion, only statement 1 is correct, while statement 2 is incorrect. The PLI Scheme 2.0 provides incentives based on incremental sales, but the duration of the scheme may vary for each sector.
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Community Answer
With reference to the Production Linked Incentive Scheme 2.0, consider...
Recently, the Operational Guidelines of Production Linked Incentive Scheme 2.0 for IT Hardware has been finalized.
- The scheme proposes a financial incentive to boost domestic manufacturing and attract large investments in the value chain.
- The target segments under PLI 2.0 Scheme shall include Laptops, Tablets
,All-in-One PCs and Servers and Ultra Small Form Factor. - Implementation: Companies, both global and domestic, that meet the eligibility criteria specified in the PLI 2.0 Scheme guidelines will receive support for manufacturing goods in India within the specified target segment.
- The classification of applicants into the Hybrid (Global/Domestic) category will be determined by whether the company is domestic or global.
- A comprehensive ranking of all applicants will be maintained based on the eligibility criteria outlined in the scheme guidelines.
- Subsequently, the selection of applicants in each category—global, hybrid, and domestic—will be based on their ranking and overall PLI projection, subject to the availability of the budget.
- Tenure: The incentives provided under the PLI 2.0 Scheme will be applicable for a period of 6 years
- Base year: For the calculation of net incremental sales of manufactured goods, the base year will be the financial year 2022-23.
- Incentives payout:
- The incentive granted to each company will be based on the net incremental sales of manufactured goods in the target segment, compared to the base year.
- The maximum incentive amounts will be capped at INR 45 billion for global companies, INR 22.50 billion for hybrid (global/domestic) companies, and INR 5 billion for domestic companies.
Hence only statement 1 is correct.
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With reference to the Production Linked Incentive Scheme 2.0, consider the following statements: Under this scheme incentive given will be based on the net incremental sales of manufactured goods in the target segment, compared to the base year. The incentives provided under this scheme will be applicable for a period of 10 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 'A'. Can you explain this answer?
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