Archive · 19 May 2025
Govt Receives 70 Applications for Component Manufacturing Scheme
The Indian government started a program to boost the production of electronic parts.
Companies applied to get support from the government.
Within a short time, 70 companies asked for help.
Most of these companies are small businesses.
The goal is to make more electronic parts in India because there isn't enough of them right now.
This should help make more electronics overall and reduce the need to buy parts from other countries.
The government has received 70 applications for the ₹23,000-crore electronics component manufacturing scheme.
Applications were received within 15 days of the scheme's launch.
80% of applications came from small and medium enterprises (MSMEs).
The scheme aims to address the demand-supply deficit in the electronics component segment.
The Electronic Industries Association of India estimates a large deficit by 2030.
- Who
- The government and electronic component manufacturers.
- What
- A scheme for electronics component manufacturing.
- When
- Applications opened on May 1st and received within 15 days.
- Where
- India
- Why
- To address demand-supply deficit in the electronic component segment.
- Scheme Value
- ₹23,000 crore
- Applications Received
- 70
- Application Start Date
- May 1
- MSME Application Percentage
- 80%
