Q. With reference to Production-Linked Incentive (PLI) Scheme consider the following statements:
1.It is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units.
2.It aims to help encourage domestic manufacturing, reduce imports, and generate employment..
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statement 1 and 2 are correct. PLI is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units. It aims to help encourage domestic manufacturing, reduce imports, and generate employment.

Source: ForumIAS

 

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