National electronics policy approved; know key features

The Union Cabinet on Tuesday approved the National Electronics Policy, which targets domestic production of electronics goods to touch $400 billion by 2025 against the current around $80 billion.

The striking feature of the policy is the proposed interest subvention scheme, wherein it is suggested that an interest subsidy of 4% will be provided on loans
of up to Rs 1,000 crore on plant and machinery. In case of a larger loan, subsidy will be limited to Rs 1,000 crore.

Currently, the department of expenditure is being consulted on it after the completion of stakeholders’ consultation.