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Production-linked incentive (PLI)
Why is it in news?
- The Union government is close to finalising its policy to widen manufacturing Production-linked incentive (PLI) scheme.
- The PLI scheme for manufacturing investments will soon be extended to eight more sectors.
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.