With reference to the Design Linked Incentive (DLI) Scheme, which of the following statements are correct? The scheme offers financial incentives for both domestic as well as foreign companies It is aimed at making India self-reliant in manufacturing of EV batteries. Department of science and technology will serve as the nodal agency for implementation of the DLI scheme. Select the correct answer using the given code below:

[A] 1 and 2 only

[B] 2 and 3 only

[C] None of the above

[D] 1 only

Answer: C

Notes:

Statement 1 and 2 are incorrect– Ministry of Electronics and Information Technology has invited applications from 100 domestic companies, micro, small and medium enterprises (MSMEs) as well as startups for incentives under the design linked incentive (DLI) scheme. (Not Foreign companies). An applicant must meet the Threshold and Ceiling Limits to be eligible for disbursement of incentives under the Scheme.
Statement 3 is incorrect–Centre for Development of Advanced Computing (C-DAC) will act as the nodal agency for the implementation of the DLI scheme.