With reference to the Production-Linked Incentive (PLI) scheme, consider the following statements:1.The PLI scheme is a financial initiative launched by the Indian government to boost domestic manufacturing and make it globally competitive.2.It also provides financial incentives to companies for reducing their environmental impact and adopting eco-friendly practices.3.Under the Scheme, companies will get incentives on incremental sales from products manufactured in domestic units.Which of the statements given above are correct?

Q. With reference to the Production-Linked Incentive (PLI) scheme, consider the following statements:
1.The PLI scheme is a financial initiative launched by the Indian government to boost domestic manufacturing and make it globally competitive.
2.It also provides financial incentives to companies for reducing their environmental impact and adopting eco-friendly practices.
3.Under the Scheme, companies will get incentives on incremental sales from products manufactured in domestic units.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C

Notes:

Explanation –

Statements 1 and 3 are correct. The PLI scheme is a financial initiative launched by the Indian government to boost domestic manufacturing and make it globally competitive. Under the Scheme, companies will get incentives on incremental sales from products manufactured in domestic units.

Statement 2 is incorrect. There is no such aim of the scheme.

Source: ForumIAS

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