UPSC Current Affairs for UPSC IAS
UPSC Current Affairs: Production linked scheme
UPSC Syllabus: Mains – GS Paper III- Indian Economy
Details about PLI Scheme
Objective: Boost domestic manufacturing and attract large investments in domestic manufacturing
Incentives: Extend an incentive of 4% to 7% on incremental sales (over base year of 2019-20) of goods manufactured in India for a period of 5 years.
Eligibility: Incentives are provided under the scheme to only those companies which cross the threshold level in terms of incremental sale of Manufactured Goods and Incremental investment over the base year.
Tenure of Scheme: 5 years
For MSMEs, one percent (1%) higher incentive is proposed in year 1, year 2 and year 3.
Minimum Investment threshold for MSME has been kept at Rs. 10 Crores and for others at Rs. 100
Once qualified, the investor will be incentivized up to 20 times of minimum investment threshold
enabling them to utilize their unused capacity.
The Scheme will be operational from 1st April 2021
This scheme will lead to incremental production of around Rs 2.4 Lakh Crores with exports of around Rs 2 Lakh
Crores over 5 years. It is expected that scheme will bring investment of more than Rs 3,000 crore and generate
huge direct and indirect employment and taxes both.