Production linked incentive

{
  "id": "MLC-T-SEM-000270",
  "term": "Production linked incentive",
  "field": "Semiconductors",
  "definition": "A scheme offered by the Indian government to encourage domestic manufacturing and attract large investments in specific sectors, including electronics and semiconductors. It provides financial incentives to companies based on their incremental sales from products manufactured in India. The incentive is typically disbursed over a period of five to seven years, calculated as a percentage of net incremental sales.",
  "abbreviation": "PLI",
  "subject": "Industry, Standards & India",
  "url": "https://mlchart.com/terminology/semiconductors/production-linked-incentive/"
}