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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

Correct answer

A. The minimum sales threshold

Explanation

The correct answer is 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. Options B, C and D are wrong because no export obligation, value addition norm or employment guarantee was named as the condition that had been dropped. Two further easings matter for revision: an applicant may file any number of applications in one or more target segments, and the application window will stay open continuously over a long period instead of closing after a short spell. Together these steps were presented as measures for ease of doing business under PLI-MD 2.0.

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