Incentives in the Production Linked Incentive (PLI) Scheme
Incentives are based on the incremental jump in sales, vary from 1% to 20%. Like as 1% for the electronics and technology products and a maximum of 20% for critical industries starting drug and drug intermediates. But some sectors are based on sales bases incentive increments like cell batteries, drone components and their allied industry, and textile goods these all are based on the value addition, and sales, during five year time period.
Production Linked Incentive (PLI) Scheme
Production Linked Incentive scheme is a flagship programme of the Government of India, started in March 2020. The programme is started to boost manufacturing activity in India. In simple words, incentives are linked with production. It means more production and more incentives. The main objective of this programme is to discourage the import of goods and increment the employment in the country.
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