Economics • Indian EconomyMedium
What is the core objective of the 'Production Linked Incentive (PLI)' scheme launched by the Government of India?
A. To provide direct cash subsidies to consumers purchasing luxury electronic goods.
B. To boost domestic manufacturing capacity, enhance export competitiveness, and attract global investments in target sectors.✓ Correct Answer
C. To waive agricultural loans for marginal farmers across drought-affected districts.
D. To finance free distribution of food grains under public distribution systems.
💡 Solution & Explanation
The Production Linked Incentive scheme offers financial incentives on incremental sales of goods manufactured domestically to enhance manufacturing competitiveness and attract foreign investments. Alternative choices describing loan waivers or direct consumer subsidies misrepresent industrial policy goals.
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