In Union Budget 2021-22, PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22 have been announced. The full form of PLI is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Production Linked Incentive.
The full form of PLI is Production Linked Incentive. Announced in the Union Budget 2021–22, the PLI schemes aim to boost domestic manufacturing across 13 key sectors starting from FY 2021–22. These sectors include electronics, pharmaceuticals, automobiles, textiles, and more. The objective is to make Indian manufacturers globally competitive, attract foreign investments, reduce import dependency, and create employment opportunities. Under the PLI scheme, eligible companies receive financial incentives based on their incremental sales of goods manufactured in India. This initiative plays a crucial role in strengthening the "Make in India" vision and enhancing India’s role in the global supply chain.