1. The scheme offers a production-linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components.
2. The scheme has two categories of applicants, namely, global companies and domestic companies.
3. The scheme shall extend on average incentive of around 8% on net incremental sales (over base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of six years.
4, The target segment under PLI shall include (i) laptops, (ii) tablets, (iii) all-in-one PCs, (iv) severs and (v) Ultra-Small Form Factor (USFF).
Which of the above statements are incorrect?
Correct Answer: (d) 2 and 3
Solution:Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing notified on 1 April, 2020 offered a production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing. Marking and Packaging (ATMP) units. The scherne extended an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of five years subsequent to the base year as defined. Under the Second Round of this scheme, incentives of 5% to 3% were extended on incremental sales (over base year i.e. 2019-20) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four years.Production Linked Incentive Scheme (PLI) for IT Hardware notified on March 03, 2021 offered a production - linked incentive to boost domestic manufacturing and attract large investments in the value chain. The Scheme extended an incentive of 4% to 2%/1% on net incremental sales (over base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of four years.
Production Linked Incentive Scheme 2.0 for IT Hardware was notified on May 29, 2023. The scheme extended an average incentive of around 5% on net incremental sales (over base year) of goods manufactured in India and covered under the target segment, to eligible companies, for a period of six years. The Target Segment under PLI 2.0 included (i) Laptops, (u) Tablets, (iii) All-in-One PCs, (iv) Servers and (v) Ultra-Small Form Factor (USFF). The scheme has three categories of applicants, namely, global companies, hybrid (global/domestic) companies and domestic companies. Hence, statement 2 and 3 are incorrect, while statements 1 and 4 are correct.