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In the Union Budget 2021-22, presented on 1st February 2021, the Finance Minister of India announced an outlay of INR 1.97 Lakh Crores for the Product
Question

In the Union Budget 2021-22, presented on 1st February 2021, the Finance Minister of India announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for ___________ key sectors.

A.

13

B.

10

C.

11

D.

12

Correct option is A

The correct answer is (a) 13.
· In the Union Budget 2021-22, presented on 1st February 2021, the Finance Minister of India announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors.
· This initiative aimed to boost manufacturing, enhance exports, and generate employment in critical industries.
Key Sectors Included in the PLI Scheme:
1. Automobiles and Auto Components
2. Pharmaceuticals
3. Electronic/Technology Products
4. Telecom and Networking Products
5. Textiles
6. Food Products
7. White Goods (ACs and LEDs)
8. Specialty Steel
9. Solar PV Modules
10. Advanced Chemistry Cell (ACC) Battery
11. Medical Devices
12. IT Hardware
13. Drones and Drone Components
Information Booster:
· The PLI Scheme was designed to incentivize domestic manufacturing and reduce reliance on imports, particularly from countries like China.
· It also aims to integrate India into global supply chains and make Indian products globally competitive.

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