Which of the following statements about the amended PLI Scheme for Automobile and Auto Components is/are correct? The incentive disbursement will occur in the same financial year as the production. Companies failing to meet the sales threshold in a year are ineligible for incentives that year but can qualify next year with 10% YoY growth. The scheme now requires a minimum of 30% domestic value addition for Advanced Automotive Technology (AAT) products.

IBPS RRB Office Assistant Mains 6 Oct 2024 Shift 1 Paper

Question : 85 of 200

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Which of the following statements about the amended PLI Scheme for Automobile and Auto Components is/are correct?

The incentive disbursement will occur in the same financial year as the production.
Companies failing to meet the sales threshold in a year are ineligible for incentives that year but can qualify next year with 10% YoY growth.
The scheme now requires a minimum of 30% domestic value addition for Advanced Automotive Technology (AAT) products.

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