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Current Affairs

Production Linked Incentive Scheme

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.
Production Linked Incentive Scheme 
  • 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
Production Linked Incentive Scheme Production Linked Incentive Scheme Reviewed by Neha Verma on March 22, 2020 Rating: 5

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