Which of the following statements is/are correct with reference to the PLI Scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules?

Which of the following statements is/are correct with reference to the PLI Scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules?

A. Solar PV manufacturers will be selected through a transparent competitive bidding process.

B. PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules.

C. Both A & B

D. None of these

Explanation:

The Union Cabinet approved two production-linked incentive schemes for white goods (air-conditioners and LED lights) and high-efficiency solar photovoltaic modules. Solar PV manufacturers will be selected through a transparent competitive bidding process. PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules.