By laxman1512 PLI SCHEME—-This scheme aims to boost the production of indigenous goods in the country and position India as a global manufacturing hub. Under this plan, if any company wants to start a manufacturing business, the government will provide it with substantial assistance.
PLI SCHEME BENEFITS — Benefits of the scheme: Under the PLI scheme, companies that establish production within 5 years will receive incentives up to INR 1.46 lakhs. This offer is also available for foreign companies, as companies under the PLI scheme will receive cash incentives.
Note —-In simple terms, the government is making efforts to promote domestic industries and manufacturing in order to generate more employment opportunities in the country.
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