ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
The Union Cabinet chaired by the Prime Minister has given its approval to introduce the Production-Linked Incentive(PLI) Scheme for 10 key sectors.
Facts:
- Aim: To help encourage domestic manufacturing, reduce imports, and generate employment.
- Features: Under the Scheme, companies will get incentives on incremental sales from products manufactured in domestic units.
- Implementation: The scheme will be implemented by the concerned ministries/departments.
- 10 Key Sectors (and Implementing Ministry/Department):
- Advance Chemistry Cell (ACC) Battery: NITI Aayog and Department of Heavy Industries.
- Electronic/Technology Products: Ministry of Electronics and Information Technology
- Automobiles & Auto Components: Department of Heavy Industries.
- Pharmaceuticals drugs: Department of Pharmaceuticals
- Telecom & Networking Products: Department of Telecom
- Textile Products (MMF segment and technical textiles): Ministry of Textiles
- Food Products: Ministry of Food Processing Industries.
- High Efficiency Solar PV Modules: Ministry of New and Renewable Energy.
- White Goods (ACs & LED): Department for Promotion of Industry and Internal Trade.
- Speciality Steel: Ministry of Steel.
- Note: The above sectors will be in addition to the already notified PLI schemes in the following sectors:
- Mobile Manufacturing and Specified Electronic Components: Ministry of Electronics and Information Technology (MeiTY).
- Critical Drug Intermediaries, Active Pharmaceutical Ingredients and Manufacturing of Medical Devices: Department of Pharmaceuticals.
