ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
News: The Ministry of Electronics and Information Technology has launched three Electronics incentive schemes.
Facts:
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors(SPECS):
- Aim: To help offset the disability for domestic manufacturing of electronic components and semiconductors in order to strengthen the electronics manufacturing ecosystem in the country.
- Under this, the government will provide a financial incentive of 25% on capital expenditure for a list of products that constitute the supply chain of electronic products such as electronic components, semiconductor, specialized sub-assemblies.
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme:
- Aim: To develop world class electronics manufacturing infrastructure by providing support for setting up of Electronics Manufacturing Clusters (EMCs) and Common Facility Centres(CFCs).
Production Linked Incentive Scheme(PLI):
- Aim: To offer production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components.
- Under this, the government will provide an incentive of 4% to 6% on goods manufactured in India and covered under target segments to eligible companies for a period of five years.
