- 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
a. Rs. 28,058 crore
b. Rs. 22,058 crore
c. Rs. 26,058 crore
d. Rs. 21,058 crore
