Given below are two statements:
Statement I: The Production Linked Incentive (PLI) scheme covers 14 sectors, with a total outlay of Rs. 1.97 lakh crore.
Statement II: The PLI scheme has achieved 100% of its targeted investment in the electronics sector by FY 2024-25.
In the light of the above statements, choose the most appropriate answer from the options given below:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement is correct
The most appropriate answer is:
(C) Statement I is correct and Statement II is incorrect.
Explanation
- Statement I: The Production Linked Incentive (PLI) scheme covers 14 sectors, with a total outlay of Rs. 1.97 lakh crore.
- Statement II: The PLI scheme has achieved 100% of its targeted investment in the electronics sector by FY 2024-25.
- This is incorrect. While the electronics sector under the PLI scheme has seen strong growth with a significant increase in production and investment (production surged by 146%, and investments running into thousands of crores), full 100% achievement of targeted investment by FY 2024-25 is not confirmed. Actual investments till March 2025 are reported around Rs 1.61 to 1.76 lakh crore cumulatively across all sectors, but not specifically 100% of the electronics sector target alone.
Summary Table
| Statement | Status | Explanation |
|---|---|---|
| PLI covers 14 sectors, Rs 1.97 lakh crore | Correct | Official government data confirms coverage and outlay of Rs 1.97 lakh crore |
| 100% targeted investment in electronics by FY 2024-25 | Incorrect | Electronics sector has strong investment but not confirmed as 100% achieved |