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EconomyMedium

How many target segments does the medical devices PLI scheme have?

  1. A.Two
  2. B.Three
  3. C.Four
  4. D.Six

Correct answer

C. Four

Explanation

The correct answer is four. Applicants may set up plants in any of four target segments: medical consumables, disposables and implants; critical components; high-end devices whose domestic manufacture is still at an early stage; and high-end devices that are at present only assembled in the country. Options A, B and D are wrong because the scheme guidelines list exactly these four and no others. The incentive differs by segment, averaging about five per cent for the first, about nine per cent for the second and third, and six per cent for the fourth, and the rate tapers over the period. Applicants get three years to build their facilities, and the focus on critical components is expected to benefit micro, small and medium enterprises through value chain integration.

Read the full article: PLI 2.0 for Medical Devices Opens With Rs 2,700 Crore

Q3.EconomyMedium

Which requirement for claiming incentive has been discontinued in the new round of PLI-MD?

  1. A.The minimum sales threshold
  2. B.The export obligation
  3. C.The domestic value addition norm
  4. D.The employment guarantee
Show answer
Correct answer: A. The minimum sales threshold

Learning from the first phase, the department removed the condition that an applicant had to cross a stated level of sales before claiming the incentive, and it also trimmed the minimum investment requirement.