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With reference to the Production-Linked Incentive (PLI) scheme, consider the following statements
It is a financial initiative launched by the Indian government to boost domestic manufacturing and make it globally competitive.
The scheme offers subsidies based on additional investments, incremental sales, and value additions.
The PLI scheme has been unable to increase exports of the electronics sector.
Select the correct statement.
1&2 only
2&3 only
1&3 only
All of the above
Only statements 1 and 2 are correct.
PLI scheme is a financial initiative launched by the Indian government to boost domestic manufacturing and make it globally competitive. The scheme offers subsidies based on additional investments, incremental sales, and value additions.
Under the PLI scheme, sectors such as electronics, automobiles, pharmaceuticals, white goods, and textiles have witnessed significant growth in exports.
Hence option 1st is correct.
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