SPECS & PLI

Ministry of Electronics and Information Technology (MeitY), Government of India has issued Work Order to IFCI Ltd. to act as the Project Management Agency (PMA) for the Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS). The Scheme has an incentive outlay of ~INR 3,252 crore approx and shall provide incentive of 25% on capital expenditure for eligible goods on reimbursement basis. The Scheme was open for applications initially for a period of 3 years up to 31/03/2023 and was subsequently extended for a period of one more year i.e. up to 31/03/2024 vide notification dated 05/04/2023. Under the Scheme, incentive will be available for investment made within 5 years from the date of acknowledgement of the application.

 

Ministry of Electronics and Information Technology (MeitY) has appointed IFCI Ltd. to act as the Project Management Agency (PMA) for Production Linked Incentive Scheme (PLI) for Large Scale Manufacturing Scheme, aimed at boosting domestic manufacturing and attract large investment in electronic value chain including electric component and semiconductor packaging. The Scheme has an outlay of ~INR 40,951 crore and shall extend incentive of 4% to 6% on incremental sales (over base year) of eligible goods manufactured in India.

 

Online applications can be submitted on IFCI’s website.

For SPECS click here

PLI For Large Scale Electronics Manufacturing click here

PLI For White Goods (Air Conditioners And LED Lights) click here

PLI For IT Hardware Scheme click here

PLI For IT Hardware Scheme 2.0 click here

PLI For Automobile and Auto Component Industry click here

PLI For Medical Devices click here

PLI For Bulk Drugs click here

PLI For Food Processing Industry click here

PLI For Advance Chemistry Cell click here

PLI For Drones And Drone Components click here