The duration of the Production Linked Incentive Scheme for Specialty Steel will be how may years?

July 24, 2021

The duration of the Production Linked Incentive Scheme for Specialty Steel will be how may years?

A. 2 Years

B. 3 Years

C. 4 Years

D. 5 Years

Explanation:

Union Cabinet recently approved the Production Linked Incentive (PLI) Scheme for specialty steel. The duration of the scheme will be five years, from 2023-24 to 2027-28. With a budgetary outlay of Rs 6322 crores, the scheme is expected to bring in investment of approximately Rs 40,000 crores and capacity addition of 25 MT for speciality steel.