Explanation:

The Union Cabinet has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore.

• The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India.
• The scheme will also encourage exports of telecom and networking products 'Made in India'.
• Support under the Scheme will be provided to companies/entities engaged in manufacturing of specified telecom and networking products in India.
• Eligibility will be further subject to achievement of a minimum threshold of cumulative incremental investment over a period of four years and incremental sales of manufactured goods net of taxes (as distinct from traded goods) over the Base Year 2019-2020.
• There will be a minimum investment threshold of Rs.10 crore for MSME with incentives from 7% to 4 % and Rs. 100 crore for others with incentives from 6% to 4 % over 5 year above Base Year.
• The applicants with higher investments than specified threshold under MSME and Non MSME categories will be selected through transparent process.

Hence only statements 1&2 are correct.