CURRENT AFFAIRS

Detailed explanation-1: -Synopsis. 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-2: -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-3: -37.5 lakh crore over 5 years and minimum expected employment over 5 years is nearly 1 crore. PLI scheme for Textiles will promote production of high value MMF Fabric, Garments and Technical Textiles in country.

Detailed explanation-4: -Government has launched the Production Linked Incentive (PLI) Scheme with an approved outlay of INR 10,683 crore to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable Textiles Industry to achieve size and scale and to become competitive.