About

• In March 2025, the Union Cabinet approved an Electronics Component Manufacturing Scheme to make India Atmanirbhar (self-reliant) in the electronics supply chain.
• This scheme aims to develop a robust component ecosystem by attracting large investments (global/domestic) in the electronics component manufacturing ecosystem, increasing Domestic Value Addition (DVA) by developing capacity and capabilities, and integrating Indian companies with Global Value Chains (GVCs).
• The scheme provides differentiated incentives to Indian manufacturers so that they can acquire technological capabilities and achieve economies of scale. 
  • Unlike past schemes, this one is not based on a production-linked incentive, where manufacturers will be rewarded for incremental manufacturing. Instead, they will receive incentives pegged to the factory’s turnover, as well as in employment creation. 

Why in News?

• Union Minister Ashwini Vaishnaw said that the government has received 70 applications for its ₹23,000-crore electronics component manufacturing scheme, and a majority of the applicants are small and medium enterprises.

https://www.thehindu.com/business/70-applications-received-for-scheme-to-produce-electronic-components/article69591205.ece