Government notifies three incentives schemes worth Rs 48,000 crore for electronics manufacturing push

The ministry of electronics and IT has notified the three schemes to push electronics manufacturing with incentives totalling upwards of Rs. 48,000 crore which were cleared by the Cabinet late last month.

As per the notification, the biggest scheme with an outlay of Rs. 40,000 crore — Production Linked Incentive (PLI) which will give incentive of 4-6% on incremental sale will be applicable from August 1 only on mobile phones and specified electronic components such as Printed Circuit Boards (PCB), photopolymer films and Assembly, Testing, Marking and Packaging (ATMP) units among others.