Which of the following statements is/are correct with reference to the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights)?

Which of the following statements is/are correct with reference to the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights)?

A. The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore.

B. The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights.

C. Both A & B

D. None of these

Explanation:

The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore. The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights.