CURRENT AFFAIRS

Detailed explanation-1: -Govt approves PLI scheme for making drones with outlay of Rs 120 crore, comes out with norms. NEW DELHI: The government has approved the production-linked incentive (PLI) scheme for drones and drone components for implementation during the current year (2022-23) till 2024-25 with an outlay of Rs 120 crore.

Detailed explanation-2: -120 crore, inclusive of the administrative expenses. The total financial. outlay during three years of the PLI scheme for drones and drone components. is capped at Rs. 120 crore.

Detailed explanation-3: -India wants to house a $1.8 billion drone industry by 2026. That’s where its Rs 120 crore Production-Linked Incentive (PLI) Scheme comes in. A little over a year since the scheme was first notified, operational guidelines have been finalised.

Detailed explanation-4: -Finance minister Nirmala Sitharaman had in the FY22 budget announced ₹1.97 lakh crore for PLI schemes that now cover 14 key sectors. This incentive amount, which is for the five-year period beginning FY22, may be raised in the budget.

Detailed explanation-5: -The government launched a production-linked incentive (PLI) scheme across sectors to make Indian manufacturing globally competitive, attract investments, enhance exports, integrate India into the global supply chain, and reduce dependency on imports under its Aatmanirbhar Bharat initiative.