The Ministry of Electronics and IT (MeitY) is working on a proposal to double the subsidy under the design-linked incentive (DLI) scheme, a key component of India's ₹76,000-crore semiconductor incentive programme.
Officials said that the proposal, which is under examination, plans to increase the startup subsidy from the current ₹15 crore to ₹30 crore as part of the upcoming semiconductor incentive scheme 2.0.
MeitY is also considering capex-linked subsidies to attract larger fabless companies interested in designing chips with intellectual property (IP) developed within the country. This new structure could be similar to the fiscal support provided for setting up fabrication units.
The proposed enhancements follow a lacklustre response to the existing DLI scheme, which has benefited 14 startups out of approximately 60 applications.
This story is from the December 31, 2024 edition of Financial Express Kochi.
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This story is from the December 31, 2024 edition of Financial Express Kochi.
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