Consider the following statements about the Production Linked Incentive (PLI) scheme:
1. The PLI scheme was conceived to scale up domestic manufacturing capability.
2. Domestic and foreign companies receive financial rewards for manufacturing in India, based on a percentage of their revenue over up to five years.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2