Which of the following statements is incorrect about Production Linked Incentive (PLI) scheme?

Question

Question

This question was previously asked in

OPSC OAS 2023 Prelims (General Studies) Official Paper-I

It is one of the several schemes as part of the ‘Make in India’ initiative.
Its aim is to incentivize manufacturers and promote domestic production.
This initiative contributes to enhancing self-reliance in the country.
This scheme is applicable only to pharmaceuticals, textiles and food processing sectors.

Answer 1

The Correct answer is Option 4.

Key Points

It is one of the several schemes as part of the ‘Make in India’ initiative (1): This statement is correct. The PLI scheme is indeed part of the broader 'Make in India' initiative aimed at boosting domestic manufacturing.
Its aim is to incentivize manufacturers and promote domestic production (2): This statement is correct. The primary objective of the PLI scheme is to provide incentives to manufacturers to increase their production capabilities in India.
This initiative contributes to enhancing self-reliance in the country (3): This statement is correct. The PLI scheme aims to boost domestic manufacturing, which contributes to self-reliance in various sectors.
This scheme is applicable only to pharmaceuticals, textiles and food processing sectors (4): This statement is incorrect. The PLI scheme covers multiple sectors, including electronics, automotive, and renewable energy, in addition to pharmaceuticals, textiles, and food processing.
The incorrect statement about the Production Linked Incentive (PLI) scheme is Option 4.