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Question

With reference to the Production Linked Incentive Scheme,choose the correct statements from below-

I.The PLI Scheme was launched in March 2020 initially targeting 4 sectors.

II.The scheme was later extended to 14 sectors .

III.In the PLI scheme, Domestic and Foreign companies receive financial rewards for manufacturing in India, based on a percentage of their revenue over up to five years.

A Only I Correct Answer Incorrect Answer
B Only I & II Correct Answer Incorrect Answer
C Only III Correct Answer Incorrect Answer
D Only II & III Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The PLI scheme was launched to scale up domestic manufacturing capability, accompanied by higher import substitution and employment generation.Launched in March 2020, the scheme initially targeting three industries.Later, it was extended to 14 sectors.In the PLI scheme, Domestic and Foreign companies receive financial rewards for manufacturing in India, based on a percentage of their revenue over up to five years.

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