Q. What is the name of the recently launched scheme by MeitY to promote manufacturing of electronic components?
Answer: Electronics Components Manufacturing Scheme
Notes: The Ministry of Electronics and Information Technology (MeitY) notified the Electronics Components Manufacturing Scheme to boost India’s global position in electronics manufacturing. The scheme is horizontal, covering consumer electronics, medical devices, automobiles, power electronics, and grids for wider economic impact. It supports passive components like resistors, capacitors, relays, sensors, and more; active components are covered by the India Semiconductor Mission (ISM). The scheme offers three types of incentives: turnover-linked, capital expenditure (capex)-linked, and hybrid models.
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