Economics • Indian EconomyEasy
What is the primary objective of the 'Production Linked Incentive (PLI)' scheme launched by the Government of India?
A. To boost domestic manufacturing capacity and enhance export competitiveness across key sectors.✓ Correct Answer
B. To provide direct cash transfers to rural below-poverty-line families.
C. To waive off agricultural loans for marginal farmers nationwide.
D. To subsidize digital education infrastructure in remote tribal districts.
💡 Solution & Explanation
The Production Linked Incentive scheme is designed to boost domestic manufacturing capacity and enhance export competitiveness across key sectors by offering financial incentives on incremental sales. Distractors mentioning loan waivers or direct cash transfers confuse industrial policy with agricultural relief programs. The scheme covers targeted sectors like electronics, pharmaceuticals, and medical devices.
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