Part of: GS Prelims and GS – III – Manufacturing; Economy
In news
The Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products (T&N Products) with a budgetary outlay of Rs. 12,195 crore.
Key takeaways
The Scheme intends to promote the manufacture of T&N Products in India.
It proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments in order to encourage Make in India.
The scheme will also encourage exports.
There will be a minimum investment threshold of Rs.10 crore for MSME with incentives from 7% to 4 % and Rs. 100 crore for others with incentives from 6% to 4 % over 5 year above Base Year.
The applicants with higher investments than specified threshold under MSME and Non MSME categories will be selected through transparent process
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