Which among the following statement s is are correct regarding to the Production Linked Incenti...........

Economic Affairs Industrial sectors

Which among the following statement/s is/are correct regarding to the Production Linked Incentive (PLI) Scheme of the Ministry of Electronics and IT?

It is applicable only to the domestic firms and global firms are barred from applying under the scheme.
The scheme shall extend an incentive of 40% to 60% on incremental sales (over the base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of 10 years subsequent to the base year as defined.

1 only

2 only

Both

None

छोटे Courses बड़े Results

Master Industrial sectors

Prepare through Micro-courses

Try Now

Explanation:

Both statements are incorrect.

The Ministry of Electronics and IT has approved 16 proposals by electronics manufacturers under its Production Linked Incentive (PLI) Scheme. The approved firms include five international mobile phone makers and five domestic firms.
The scheme offers a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing, Marking and Packaging (ATMP) units.
The scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of five years subsequent to the base year as defined.