What is product linked incentive scheme?

The scheme shall extend an incentive of 4\% to 6\% on incremental sales (over base year) of goods manufactured in India and covered under target segments, to eligible companies, for a period of five (5) years subsequent to the base year as defined.

What is production linked incentive scheme Upsc?

In order to boost domestic manufacturing and cut down on import bills, the union government in March 2020 introduced a PLI scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units.

Who will implement the production linked incentive scheme?

The scheme shall be implemented through a Project Management Agency (PMA). The incentive under the scheme would be paid for six years ending 2026-27.

How do I start a drug industry in bulk?

Licenses and NOC Required:

1. Constitution of Firm or Company Registration.
2. Bulk Drug Manufacturing License.
3. Wholesale Drug license.
4. Goods and Service Tax Registration.
5. Factory Act Registration if applicable.
6. Fire NOC.
7. NOC from pollution board.

What is profit linked incentive scheme?

Under the scheme, the bankers’ body has offered to pay 14 extra days of salary for staff of lenders that show a 10-15\% increase in operating profit and 21 days for banks that report more than 15\% rise in operating profit.

What is production linked incentive scheme for textiles?

The Production Linked Incentive (PLI) Scheme is intended to promote production of MMF Apparel & Fabrics and, Technical Textiles products in the country to enable Textiles Industry to achieve size and scale; to become competitive and a creator of employment opportunities for people.

Who implemented PLI scheme?

Electronics systems and technology: The implementing agency for this scheme is the Ministry of Electronics and Information Technology. It includes products like mobile phones, specified electronic components, laptops, tablets, all-in-one PCs, servers, etc.