In the year 2016, the Government of India announced a ₹ 6,000 crore sp

In the year 2016, the Government of India announced a ₹ 6,000 crore special package for the textile and apparel sector to

1. create one crore jobs within three years
2. create jobs equally for men and women
3. provide tax and production incentives for the entrepreneurs

Select the correct answer using the code given below.

[amp_mcq option1=”1 only” option2=”2 and 3 only” option3=”1 and 3 only” option4=”1, 2 and 3″ correct=”option4″]

This question was previously asked in

UPSC CDS-1 – 2017

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The correct answer is D) 1, 2 and 3. The special package for the textile and apparel sector announced by the Government of India in 2016 had multiple objectives, all of which are accurately reflected in the statements.

– The package aimed to create 1 crore jobs within three years, especially focusing on boosting employment for women.
– It sought to achieve this through various labour-friendly measures and incentives.
– The package provided financial and production incentives, including employer’s contribution to EPF, enhanced duty drawback, and tax benefits, to encourage investment and production in the sector.

The ₹ 6,000 crore package included several components like a new scheme for refund of state levies, rationalized labour laws, enhanced scope of drawback scheme, and government bearing the employer’s contribution of EPF for new employees for the first three years. The focus on job creation, particularly for women who form a significant part of the textile workforce, and providing tax/production incentives were central to the package’s strategy.

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