Production Linked Incentive PLI Scheme Production Linked Incentive PLI Scheme
Study guide for Production Linked Incentive PLI Scheme under Industry Infrastructure In Indian Economy for UPSC Civil Services Preparation. Study guide for Production Linked Incentive PLI Scheme under Industry Infrastructure In Indian Economy for UPSC Civil Services Preparation.
Production Linked Incentive PLI Scheme
The Production Linked Incentive (PLI) scheme is a cornerstone economic policy instrument launched by the Government of India to offer financial incentives calculated as a percentage of incremental sales over a base year, aimed at boosting domestic manufacturing, scaling up industrial capacity, and integrating India into global value chains (GVCs).
Importance in UPSCUPSC में महत्व
Crucial for GS Paper 3 (Indian Economy, Industrial Policy, Make in India, Exports, and Employment). Tested across Prelims regarding target sectors, implementing ministries, and financial mechanics, and in Mains regarding export competitiveness, import substitution, and overcoming supply chain vulnerabilities.
Learning Outcomesसीखने के परिणाम
- Master foundational concepts and financial mechanics of the Production Linked Incentive PLI Scheme.
- Evaluate sector-wise allocation, spatial distribution, institutional frameworks, and policy dimensions.
- Apply high-yield mnemonics to solve tricky Prelims and Mains questions regarding threshold investments and incentive caps.
Prerequisitesआवश्यक शर्तें
- Industrial Policy of India 1991
- Make in India initiative
- Foreign Direct Investment (FDI) policy
- Export-Import framework