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Production Linked Incentive (PLI) Scheme
Why is it in news?
- The Ministry of Electronics and IT has approved 16 proposals by electronics manufacturers, including Samsung, under its Production Linked Incentive (PLI) Scheme.
Details:
- The firms include five international mobile phone makers and five domestic firms.
- The companies would bring additional investment in electronics manufacturing to the tune of Rs. 11,000 crore.
- It will generate more than two lakh direct employment opportunities in the next five years.
About PLI Scheme:
- IT ministry had notified the scheme to give incentives of 4-6 per cent to electronics companies which manufacture mobile phones and other electronic components.
- The companies that make mobile phones which sell for Rs 15,000 or more will get an incentive of up to 6 per cent on incremental sales of all such mobile phones made in India.
- In the same category, companies which are owned by Indian nationals and make such mobile phones, the incentive has been kept at Rs 200 crore for the next four years.
- PLI is a part of the National Policy on Electronics.