Which of the following banks has been appointed as the Project Management Agency (PMA) for the PLI scheme for telecom & networking equipment?

Which of the following banks has been appointed as the Project Management Agency (PMA) for the PLI scheme for telecom & networking equipment?

A. Bank of India

B. Indian Overseas Bank

C. Central Bank of India

D. Small Industries Development Bank of India

Explanation:

The Department of Telecommunications (DoT) notified the Production Linked Incentive (PLI) Scheme with the objective to boost domestic manufacturing, investments and export in the telecom and networking products. Small Industries Development Bank of India (SIDBI) has been appointed as the Project Management Agency (PMA) for the PLI scheme. The scheme will be effective from 1st April, 2021. The support under the Scheme shall be provided for a period of five (5) years, i.e. from FY 2021-22 to FY 2025-26.