CA Foundation · Business Economics · Indian Economy
The Production Linked Incentive (PLI) schemes launched by the Government of India for manufacturing sectors primarily provide incentives based on which of the following?
PLI schemes give incentives on incremental sales of goods manufactured in India over a base year. The aim is to boost domestic manufacturing, scale and exports. Incentives are not linked to land size, firm age or imports of finished goods.
- AIncremental sales of goods manufactured in India over a base yearCorrect
- BThe size of land acquired by the firm for its factory
- CThe number of years the firm has existed
- DImports of finished goods by the firm
Explanation
PLI schemes reward eligible firms with a percentage incentive on incremental sales of goods manufactured in India over a base year, encouraging domestic manufacturing and scale. They are not tied to land size, firm age or imports of finished goods, which would not promote domestic production.
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