Current Events Current Affairs Analysis
The Ministry of Electronics and Information Technology (MeitY) recently notified the Electronics Components Manufacturing Scheme
Marking a significant step towards strengthening India’s position as a global hub for electronics manufacturing.
It is the first dedicated production-linked incentive (PLI) scheme to promote the manufacturing of select passive electronic components, including resistors, capacitors, speakers, microphones, special ceramics, relays, switches, and connectors.
The scheme will offer three incentive structures:
iTurnover-linked incentive (based on revenue)
iiCapex-linked incentive (for investments in plants & machinery)
iiiHybrid incentive model (a combination of both)
This scheme has a tenure of six years, with a one-year gestation period.
The scheme focuses particularly on passive electronic components. In contrast, active components fall under the purview of the India Semiconductor Mission (ISM).
This scheme is set to benefit a number of industries, such as automobiles, consumer electronics, and electronics.
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