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PLI scheme for Auto, Auto-Components and Drone Industries

Published on September 17, 2021
Current Context: The Union Cabinet approved the production linked incentive (PLI) scheme for auto, auto-components, and drone industries.
PLI scheme for Auto, Auto-Components and Drone Industries
  • The approval was made with an aim to enhance the manufacturing capabilities of Indian industries.
  • The PLI scheme will lead to emerge advanced automotive technologies’ for the global supply chain in India.
  • The cabinet announced to provide Rs. 26,058 crore incentives to the industries for the period of 5 years.
  • Out of the total funds, Rs 25,938 crores are sanctioned for the automobile industry and Rs 120 crores for the drone industry.
  • This PLI scheme is part of the overall announcement of PLI schemes for 13 sectors which was made during Union Budget 2021-22, with the outlay support of Rs. 1.97 lakh crore.
  • This will support the industries to overcome the deficiency in cost availability which is needed to manufacture advanced automotive technology products in India.

Question: 

Q.1 The Union Cabinet approved Rs ____PLI scheme for auto and drone industries?
a. Rs. 28,058 crore
b. Rs. 22,058 crore
c. Rs. 26,058 crore
d. Rs. 21,058 crore

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