Consider the following statements-

Consider the following statements-

1. The Production Linked Incentive (PLI) Scheme for Automobile Sector and Drone Industry will incentivise emergence of advanced automotive technologies’ global supply chain in India.

2. The Union Government has approved the PLI scheme for the Automobile Industry and Drone Industry with a budgetary outlay of Rs. 26,058 crore.

Choose the correct statement/s.

A. 1 Only

B. 2 Only

C. Both 1 & 2

D. None

Answer: Both 1 & 2

Explanation:

The Union Cabinet of India approved a production-linked incentive (PLI) scheme with an outlay of Rs 26,058 crore for the automobile and drone sector to boost electric vehicle and hydrogen fuel-cell vehicle manufacturing in the country. The PLI scheme for the auto sector will incentivise high value advanced automotive technology vehicles and products and thousand of jobs. This scheme will help creating additional 7.5 lakh job, further this will increase India’s share in global automotive trade.

UPSC Daily Current Affairs Quiz Test 17 September 2021 Click Here