On 27th July 2020, the Ministry of Electronics and Information Technology (MeitY) introduced PLI or Production Linked Incentive Scheme for pharmaceutical manufacturing. Which of the following points is/are covered under this scheme?

1. Production Linked Incentives of up to INR 6,940 crores have been approved

2. A financial incentive will be given to eligible manufacturers of identified 41 eligible products which cover 53 APIs, for 6 years, committed investment and sales made by the selected applicant for the eligible products.

3. The Net Worth of the Applicant (including that of Group Companies), as on the date of application, shall not be less than 30% of the total committed investment.

4. The scheme shall be operational during the period FY 2020-2021 to 2024-2025.

Select the correct answer using the code given below.

(A) 1 only

(B) 2 only

(C) 3 and 4

(D) 4 only