PLI Scheme: The Production Linked Incentive (PLI) Scheme is a significant government initiative aimed at boosting India's manufacturing sector. The ultimate aim of the PLI Scheme is to promote local manufacturing and reduce dependency on imports.
This scheme was launched in March 2020 as part of the Atmanirbhar Bharat initiative to strengthen domestic industries and make India a global manufacturing hub. Keep reading to learn more about the PLI Scheme, its objectives, and the list of sectors covered by it.
UPSC PYQ on PLI SchemeUPSC Prelims 2023: Consider, the following statements
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