CA Foundation · Business Economics · Indian Economy
The Production Linked Incentive (PLI) scheme introduced by the Government of India for selected manufacturing sectors primarily provides:
The PLI scheme gives manufacturers cash incentives tied to incremental sales of goods made in India over a base year. It aims to raise domestic manufacturing, investment and exports, and is not a guaranteed-price, fertiliser subsidy or blanket tax exemption scheme.
- ACash incentives on incremental sales of goods manufactured in India, over a base yearCorrect
- BSubsidised fertiliser to manufacturing units
- CA guaranteed purchase price for all factory output
- DExemption from all taxes for firms that export
Explanation
PLI schemes pay companies an incentive as a percentage of incremental sales of goods made in India above a base year, to boost domestic manufacturing and exports and attract investment. They are not guaranteed purchase schemes or blanket tax exemptions. Fertiliser subsidy is an agricultural input measure, unrelated.
Did you get it right without looking?
One question tells you little. A timed set on Indian Economy shows your real accuracy, how long you take and where you lose marks.
More Indian Economy questions
- A country's population has a high proportion of persons in the working age group (15-59 years) and a falling dependency ratio. This situatio…
- Which statement best describes the pattern of structural change in India's economy since independence, compared with the typical development…
- A graduate in a village works on the family farm throughout the year, but if she withdrew, the farm's total output would remain unchanged be…
- The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) primarily aims to provide:
- Which of the following best explains why public investment in infrastructure such as roads and power is often described as having a 'crowdin…
- The Goods and Services Tax (GST) in India is best described as: