PIB Summary- 12th September, 2022 | PIB (Press Information Bureau) Summary - UPSC PDF Download

PLI Scheme for Large-Scale Electronics Manufacturing

Why in News?
Recently, the first-ever disbursement has been approved by the empowered Committee in Production Linked Incentive (PLI) scheme for mobile manufacturing under ‘Large-Scale Electronics Manufacturing’ sector.

About  PLI scheme for Large-Scale Electronics Manufacturing

• It is mapped to the Union Ministry of Electronics and Information Technology (MEITY).
• The PLI scheme on Large-Scale Electronic Manufacturing, which includes manufacturing of mobile phones and manufacturing of specified electronic components, was approved in March 2020, with a total outlay of Rs 38,645 crores.
• Thirty-two beneficiaries had been approved under the PLI scheme for Large-Scale Electronics Manufacturing, of which 10 (5 global and 5 domestic companies) were approved for mobile manufacturing.
• This PLI scheme has also generated employment of 28,636.
• Over the last 3 years, exports have grown by 139%.

Significance

• It is expected to make India a competitive destination for electronics manufacturing.
• Further, it will give a boost to Atmanirbhar Bharat while creating more global champions.
• The scheme is expected to bring in additional production to the tune of Rs 10,69,432 crore and generate employment for 7,00,000 people.

What is a Production Linked Incentive (PLI) scheme?

• A Production-Linked Incentive, or PLI scheme, provides incentives to companies in order to boost domestic manufacturing.
• This is done by the government in an effort to make products more competitively priced, reduce a country’s dependence on imports and generate employment.
• According to experts, the idea of PLI is important as the government cannot continue making investments in these capital intensive sectors as they need longer times for start giving the returns. Instead, what it can do is to invite global companies with adequate capital to set up capacities in India.

Pradhan Mantri Matsya Sampada Yojana

Why in News?
Recently, Pradhan Mantri Matsya Sampada Yojana (PMMSY) accomplishes  its successful second anniversary.

About Pradhan Mantri Matsya Sampada Yojana

• Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched in 2020 to bring about Blue Revolution through the sustainable development of the fisheries sector over a period of five years (2020-2025).
• It is an umbrella scheme to develop the fisheries sector with a total outlay of Rs. 20050 crores.

It has two components

• The Central Sector Scheme (CS) component with a non-beneficiary-oriented scheme and a Beneficiary oriented scheme (Central Assistance for General Category – 40%; SC/ST/Women – 60%).
• A Central Sponsored Scheme (CSS) component also with a non-beneficiary-oriented scheme and Beneficiary oriented scheme. The different break-ups of funding are: Central Assistance for Northeastern States – 90%, Other States – 60%; and UTs – 100%.

The areas expected to be covered by the PMMSY are

• Fish production
• Fisheries productivity
• Quality of fisheries and aquaculture sectors
• Post-harvest infrastructure and management
• Modernization of value chain
• Welfare of the fishers and fish farmers
• Fisheries management framework

The objectives of the PMMSY are

• Develop fisheries and aquaculture sectors.
• Harness the potential of fisheries sector in a sustainable, responsible, inclusive and equitable manner
• Efficient use of land and water resources to enhance fish production and productivity.
• Modernize value chain considering post-harvest management and quality improvement.
• Double fishers and fish farmers’ incomes
• Generate employment in the fisheries sector.
• Enhance fisheries sector’s contribution to overall agricultural Gross Value Added (GVA) and exports.
• Provide social, economic and physical security to fish farmers and fishermen.
• Develop a robust fisheries management and regulatory framework.