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What is the primary objective of the PLI (Production Linked Incentive) Scheme?

1. Promote domestic manufacturing and exports
2. Provide crop insurance to farmers
3. Regulate prices of essential medicines
4. Improve cold storage infrastructure

Correct answer: Promote domestic manufacturing and exports

Solution

The Production Linked Incentive (PLI) Scheme is designed to encourage domestic manufacturing by offering incentives linked to production. It also aims to improve competitiveness and support exports.

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