2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 9, 555 crores
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Rs 11, 964 crores
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Rs 12, 753 crores
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Rs 10, 683 crores
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Detailed explanation-1: -The Economic Survey has estimated the scheme will result in fresh investment of ₹19, 000 crore in the textiles sector over the next five years.
Detailed explanation-2: -The Centre launched the PLI Scheme with an approved outlay of Rs 10, 683 crore to promote the production of MMF apparel, MMF fabrics and Products of Technical Textiles in the country to enable the textiles industry to achieve size and scale and to become competitive.
Detailed explanation-3: -During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19, 500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme.
Detailed explanation-4: -The PLI Scheme will be implemented within the overall financial limits of ₹ 12, 195 Crores only (Rupees Twelve Thousand One Hundred and Ninety-Five Crore only) for implementation of the Scheme over a period of 5 years.
Detailed explanation-5: -6% over the last cotton season 2021-22 price. There are 64 participants in PLI Scheme for textiles. The scheme is expected to lead to investment of Rs. 19, 798 crore and generate employment for 2.45 lakhs persons.