PLI Scheme f or White Goods (Air Conditioners and LED Lights).

Why in news?

• It was launched by Ministry of Commerce and Industry.
• Its objective is to create complete component ecosystem in India and make India an integral part of global supply chains.
• Scheme offer an incentive of 4-6% on incremental sales of goods manufactured in India.
• The white goods industry consists of air conditioners, refrigerators, washing machines and dryers, dishwashers, and LED Lights.
• PLI scheme aims to give companies incentives on incremental sales from products manufactured in domestic units, and encourage local companies to set up or expand existing manufacturing units.