Production Linked Incentive

Source: IE Context: India’s Production Linked Incentive (PLI) scheme is set to boost the textile sector, with disbursements starting this fiscal year. The initiative aims to address stagnation in India’s textile exports, enhance competitiveness, and promote job creation in the sector. Summary: PLI for textiles: About a dozen companies will receive incentives under the scheme …

FAME India scheme:

GS Paper 3: Topics Covered: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.   Context: Under FAME-India Scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles. As per the information received from Department of Revenue, at present the GST rate on electric …