Consider the following statements about the Production Linked Incentive (PLI) scheme:
1. It aims to increase the share of manufacturing sector in India's GDP to 25% and claims its place among the world's leading industrial economies.
2. The scheme extends an incentive of 10% to 14% on incremental sales for a period of five years subsequent to the base year.
Which of the statements given above is/are correct?

Question

Consider the following statements about the Production Linked Incentive (PLI) scheme:

1. It aims to increase the share of manufacturing sector in India's GDP to 25% and claims its place among the world's leading industrial economies.

2. The scheme extends an incentive of 10% to 14% on incremental sales for a period of five years subsequent to the base year.

Which of the statements given above is/are correct?

Accepted Answer

Answer: 1 only.