Aims of Modified Special Incentive Proposal Scheme - General Economics & Indian Economy

Q.  Consider the following statements

1. The Government of India launched the Modified Special Incentive Proposal Scheme (M-SIPS) to promote expansion of manufacturing, diversification and modernization in the Electronic System Design and Manufacturing (ESDM) sector.
2. The scheme has a provision of providing 20% subsidy for investments in capital expenditure within SEZs and 25% in non-SEZs.

Which of the above statements is/are correct?

- Published on 07 Jun 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

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