Economics • Indian EconomyEasy
What is the primary aim of the Production Linked Incentive (PLI) scheme introduced by the Government of India?
A. To provide universal basic income to rural farmers
B. To boost domestic manufacturing and attract large-scale investments✓ Correct Answer
C. To subsidize agricultural fertilizers and seeds
D. To waive off non-performing assets of cooperative banks
💡 Solution & Explanation
The Production Linked Incentive scheme provides financial incentives to domestic manufacturers based on incremental sales of targeted products, designed to boost manufacturing competitiveness and attract foreign investments. It differs entirely from agricultural subsidies or banking debt waivers.
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