1st to 10th January 2024 - PLI SCHEME FOR AUTOMOBILE AND AUTO COMPONENTS EXTENDED BY 1 YEAR Flashcards
1
Q
What is the official name of the scheme?
A
PLI Scheme for Automobile and Auto Components
2
Q
What is the revised duration for which the incentive is now applicable?
A
Five consecutive financial years, starting from FY 2023-24.
3
Q
When will the first incentive disbursement happen under the amended scheme?
A
In the financial year 2024-25.
4
Q
What is the maximum timeframe an approved applicant can receive benefits?
A
Five consecutive financial years, with the final possible year being the one ending on March 31, 2028.
5
Q
What is the total financial outlay of the revised PLI scheme?
A
Rs. 25,938 crores
6
Q
Who is eligible for the benefits under the extended scheme?
A
Both existing approved applicants (if they meet performance criteria) and new applicants.
