Economics • Indian EconomyMedium
What is the core purpose of the 'Production Linked Incentive' scheme introduced across key manufacturing sectors in India?
A. To provide universal basic income guarantees to unemployed youth in urban centers
B. To offer financial incentives on incremental sales of manufactured goods to boost domestic production and exports✓ Correct Answer
C. To nationalize loss-making heavy engineering industries under public sector management
D. To subsidize agricultural fertilizer imports through direct benefit transfer mechanisms
💡 Solution & Explanation
The Production Linked Incentive scheme provides financial incentives based on incremental sales of products manufactured in domestic units, aiming to enhance manufacturing competitiveness and scale up exports. Universal basic income and fertilizer subsidies operate under entirely different welfare programs. Nationalization of industries is contrary to contemporary economic liberalization policies. Global supply chain integration is a primary strategic goal supported by these manufacturing incentives.
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