Which of the following statements is/are correct with reference to the Production Linked Incentive (PLI) Scheme for Pharmaceuticals?

A. The Scheme is expected to bring in investment of Rs.15,000 crore in the pharmaceutical sector.

B. The scheme will be part of the umbrella scheme for the Development of Pharmaceutical Industry.

C. Both A & B

D. None of these

Explanation:

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Pharmaceuticals over a period of Financial Year 2020-21 to 2028-29. The Scheme is also expected to bring in investment of Rs.15,000 crore in the pharmaceutical sector. The scheme will be part of the umbrella scheme for the Development of Pharmaceutical Industry.