₹22,919-Crore Electronics Component Manufacturing Scheme Approved
Why in the news
The Union Cabinet cleared a six-year scheme worth ₹22,919 crore to deepen domestic value addition by moving focus from finished goods to components.
Key facts
- Outlay: ₹22,919 crore over six years.
- No PLI: incentives depend on factory turnover and job creation, not incremental output.
- Focus on components and sub-assemblies; passive parts include display and phone-camera controllers, circuit boards, enclosures and lithium-ion batteries; active parts include semiconductors.
Expected outcomes
| Target | Amount |
|---|---|
| New investment | ₹59,350 crore |
| Electronics production | ₹4,56,500 crore |
| Direct jobs | 91,600 |
Significance
- Localises key components, cuts import dependence and improves India’s role in global electronics.
Exam angle
- Scheme size: ₹22,919 crore; tenure: six years; not PLI-based.