CURRENT AFFAIRS

Detailed explanation-1: -The support under the Scheme shall be provided for a period of five (5) years, i.e. from FY 2021-22 to FY 2025-26.

Detailed explanation-2: -The scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of five (5) years subsequent to the base year as defined.

Detailed explanation-3: -11. 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.

Detailed explanation-4: -The Scheme shall extend an incentive of 4% to 2% / 1% on net incremental sales (over base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four (4) years.

Detailed explanation-5: -The scheme was rolled out with an outlay of Rs 1.97 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, textiles, food products, high-efficiency solar PV modules, advanced chemistry cell and speciality steel. Also Read | Production-linked incentives | Dole or incentive?