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PLI Scheme Draws Massive Investment

Published on April 21, 2022
Current Context: The Performance Linked Incentive Scheme has attracted investment of 2.34 Lakh Crore Rupees.
PLI Scheme Draws Massive Investment
  • Performance Linked Incentive (PLI), has been launched to offer cash incentives for 3-5 years on the incremental sale of domestically produced goods. The Scheme has a total outlay of 1.97 Lakh Crore Rupees. The Scheme caters to 14 sectors.
  • The PLI has attracted 2.34 Lakh Crore Rupees across 14 sectors whose details have been underlined below.
  • Sl No

    Sector

    Investment

    1.

    Auto & Auto Components

    45,000 Cr

    2.

    Solar + Renewable Energy

    30,000 Cr

    3.

    Advanced Chemistry Cells

    45,000 Cr

    4.

    Steel

    39,625 Cr

    5.

    Textiles

    19,000 Cr

    6.

    Mobile & Electronics

    11,573 Cr

    7.

    Food Processing

    8,212   Cr

  • As per the Government data, this investment of 2.34 Lakh Crore as a response to the Government’s support to 14 Sectors in the backdrop of the pandemic, is expected to have created 6.45 mn additional Jobs.

Question:

Q.1 How much has the Government of India allocated for the PLI Scheme across 14 sectors, post-pandemic?
a. 1.97 Lakh Crore Rupees
b. 2.34 Lakh Crore Rupees
c. 2.32 Lakh Crore Rupees
d. 3.34 Lakh Crore Rupees
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