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Q16 (CAPF/2026) Economy › Industry, Infrastructure & Investment

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?

Result
Your answer: —  ·  Correct: A

Explanation

Statement 1 is correct: The Production Linked Incentive (PLI) scheme is a cornerstone of the 'Aatmanirbhar Bharat' and 'Make in India' initiatives. It specifically aims to boost domestic manufacturing capabilities, attract large-scale investments, and increase the manufacturing sector's contribution to India's GDP to 25%, positioning India as a global manufacturing hub.

Statement 2 is incorrect: The incentive structure varies by sector, but it typically ranges from 4% to 6% on incremental sales over the base year. For example, the PLI for Large Scale Electronics Manufacturing offers a 4% to 6% incentive. While some sectors like textiles or pharmaceuticals may have different percentage brackets for specific components, the 10% to 14% range is not the standard or general incentive rate defined for the PLI scheme.

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Select the correct answer from the code given below.
Code :