Cabinet gives nod to Electronics Component Manufacturing Scheme with Rs 22,919 crore outlay, 91,600 direct jobs to be created: Key points

Cupboard Assembly Replace: The Union Cupboard, chaired by Prime Minister Narendra Modi, on Friday cleared a production-linked incentive (PLI) scheme for the home electronics element manufacturing area with an outlay of Rs 22,919 crore. The scheme will support the manufacturing of non-semiconductor electronics elements over the following six years.

The scheme goals to incentivise the manufacturing of electronics within the nation, in tandem with the federal government’s Make in India imaginative and prescient.

The scheme might be formally generally known as the Electronics Part Manufacturing Scheme.

Listed below are key takeaways from the Cupboard briefing, which started at 4 pm:

Electronics are among the many op three items exported by India
The scheme will result in investments of Rs 59,350 crore
It’ll set off manufacturing of Rs 4,56,000 crore
The scheme enhances energetic element manufacturing practices underneath the semiconductor mission
These elements will serve many sectors, together with electronics, telecom, shopper, medical gadgets, vehicles and energy

Rs 22,919-crore Electronics Part Manufacturing Scheme to create 91,600 direct jobs

The scheme will add about 91,600 direct employment alternatives to the financial system
It’ll result in a number of extra oblique employment alternatives
It’ll improve the home worth addition in manufacturing

Electronics Part Manufacturing Scheme Cleared by Cupboard | What Ashwini Vaishnaw says

The central authorities has accredited a long-awaited non-semiconductor electronics element production-linked incentive scheme, mentioned Union Electronics and IT Minister Ashwini Vaishnaw as he briefed the media after Friday’s Cupboard assembly.

“Passive elements are accredited underneath the Electronics Part PLI scheme, mentioned Vaishnaw.

Electronics Part Manufacturing Scheme Options

In response to an official assertion, the scheme offers differentiated incentives to home producers, detailing the goal segments and nature of incentives as follows:

Goal segments
Nature of Incentive

Sub-assemblies

Show module sub-assembly
Turnover linked incentive

Digital camera module sub-assembly

Naked elements

Non-Floor Mount Units (non-SMD) passive elements for digital purposes
Turnover linked incentive

Electro-mechanicals for digital purposes

purposes

Multi-layer Printed Circuit Board (PCB)

Li-ion Cells for digital purposes (excluding storage and mobility)

Enclosures for Cellular, IT {Hardware} merchandise and associated gadgets

Chosen naked elements