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2h ago

Electronics Component Scheme Nets Rs 1.15 Lakh Crore in Proposals as 249 Firms Apply

MeitY will fast‑track first‑come‑first‑served approvals following the September 30 application close.

Swadeshi Electronic Components | Image: Freepix
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Overview

  • Applications commit Rs 1,15,351 crore, nearly double the scheme’s Rs 59,350 crore investment target.
  • Applicants estimate Rs 10.34 lakh crore of production over six years, far above the Rs 4.56 lakh crore goal.
  • Proposed direct jobs total about 1.41 lakh, with roughly 60% of applications coming from MSMEs.
  • The projected incentive outgo has been raised to Rs 41,468 crore versus the budgeted Rs 22,805 crore.
  • Scrutiny is underway on a first‑come‑first‑served basis, the capital equipment window stays open until April 2027, and the largest single pledge is about Rs 22,000 crore.