Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Consider the following statements with respect to Production
Linked Incentive Scheme (PLI)

1. It covers only 3 sectors.
2. Incentives are based on absolute sales.
3. Base year for calculations is 2014.
4. It covers only domestic units.

Which of the above statement/s is/are correct ?

• A. All are incorrect
• B. 1, 2 and 3 only
• C. 2 only
  
• D. 2 and 3 only
  

Answer 1

The correct option is A All are incorrect

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> PLI gives incentive (4-6%) to products manufactured by both domestic and foreign units in India. It covers 13 sectors like pharmaceuticals, mobile phones, specialty steel, auto components, technical textiles etc.

Incentives are disbursed on incremental basis over the base year
which as of now is 2019-20.