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.
1 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-1 – 2017
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.