hello aspirants welcome to eq is youtube channel this video forms a part of our daily current affairs series in today's session we'll talk about pli scheme so friends if you recall we have already discussed about pli scheme in one of our current affairs videos but in that video we focused upon speciality steel because pli scheme was approved for speciality steel in today's video we'll focus on acc batteries advanced chemistry cells so these batteries depend heavily on cobalt and lithium and we actually import these metals so this increases the cost of production of acc batteries now
you must know this thing that acc batteries are used for electric vehicles and these batteries are being used for other electronic items as well and in the future the demand for these batteries will increase why because we are moving towards electronic ecosystem so keeping this situation in mind government has approved this scheme for acc batteries now you must be knowing about acc batteries these batteries store electric energy as chemical energy and this chemical energy gets converted into electric energy whenever it is required and about pli scheme although we have already discussed in one of our
current interface videos as i said earlier but let me give you a little idea this pli scheme was introduced as a part of arthur nirva bharat campaign so initially it was introduced for large-scale electronics manufacturing so initially it was introduced for large-scale electronics manufacturing but later it was expanded to other sectors as well because it was approved for specialty steel textiles pharmaceuticals now it has been approved for acc batteries so from the prelims perspective you must be knowing that this has been so from the prelims perspective you must be knowing that pli scheme has been
approved for acc batteries speciality steel and you must be knowing the objective as well the objective is to increase the incremental sales now in this case the focus is going to be on the exploration of these metals now this pli scheme will provide a impetus to the exploration of lithium and cobalt metals now once we have the enough availability of these metals the cost of production will reduce considerably and acc batteries will be available at cheaper rates so that's all you need to know as far as the prelims is concerned and i'm providing the notes
you can go through this pdf in order to revise for the upcoming prelims and if you have liked our initiative you can subscribe our youtube channel for more such videos and you can follow our social media platforms for daily current affairs content so that's all for today's session i'll see you in the next video soon thank you very much [Music] you
