1. The Ministry of Heavy Industries recently extended the PLI Scheme for Automobile and Auto Components by one year with 'partial amendments.' Which of the following statements is/are correct about the PLI Scheme?
- PLI scheme is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units.
- Under the PLI scheme, only foreign entities engaged in manufacturing in the country receive financial incentives from the government.
Choose the correct answer using the code given below: