PRODUCTION LINKED INCENTIVE
- October 22, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Subject : Govt Schemes
Context : The production-linked incentive (PLI) scheme for manufacturing investments will soon be extended to eight more sectors, Economic Affairs Secretary said.
Concept :
- Earlier this scheme was launched for Large scale electronic manufacturing(Mobile phones and specified electronic components) .Now extended to eight other sectors.
- Unlike other schemes, this is an outcome and output oriented scheme.
- Under this scheme , incentives will be paid only if the manufacturers make the goods.
- This scheme will give cash incentives for five to seven years and all the sunrise and important sectors are proposed to be covered in PLI.