Economics · Economy
Consider the following statements about the Production Linked Incentive (PLI) scheme: Statement I: The PLI scheme was launched to boost domestic manufacturing, attract investments, and reduce import dependence. Statement II: It provides financial incentives to companies based on incremental sales from products manufactured in domestic units. Statement III: The scheme covers sunrise sectors like Advanced Chemistry Cell (ACC) batteries, drones, and high-efficiency solar PV modules. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.
- 2Only Statement III is correct, as Statement II falsely describes the core incentive structure linked to incremental sales rather than raw grants.✓
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Only Statement III is correct, as Statement II falsely describes the core incentive structure linked to incremental sales rather than raw grants.
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