Production Linked Incentive Scheme: Structure, Impact and Challenges
The Production Linked Incentive Scheme is an intended change in the institutional structure of the Indian industrial policy towards a more performance-oriented fiscal intervention structure. The scheme, which aims to promote scale production by inducing output-related incentives gradually, is a break with the previous system of subsidy regimes based on either protectionism, capital grants, or tariff protection. Rather, Production Linked Incentive Scheme is an implementation of an outcome-focused, quantifiable model that is embedded in the larger Indian policy agenda on…
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The Funding Myth: Why Your First Customer is More Important Than Your First Investor
When Did We Start Believing Funding Is the Starting Line? Open up any business newspaper today and the pattern is predictable. A startup raises ₹50 crore. Another raises $10 million…
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