Current context: The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Production Incentive Scheme (PLI) for Large Scale Electronics Manufacturing on 21st March 2020.
a. Textile
b. Electronics
c. Jute
d. Packaged Milk
- The scheme proposes production linked incentives to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components.
- An incentive of 4% to 6% on incremental sales (over base year) of goods manufacturedin India, shall be extended under the scheme.
- It covers under target segments, to eligible companies, for a period of five (5) years subsequent to the base year as defined.
- The total cost of the Production Incentive Scheme (PLI) is approximately Rs 40,995 crore.
- The production of mobile phones in Indiawas of Rs 1,70,000 crore (USD 24 Billion) in 2018-19.
Question:
Q.1 The Government has recently approved the Production Incentive Scheme (PLI) for Large Scale ________________ Manufacturing?a. Textile
b. Electronics
c. Jute
d. Packaged Milk
