Cabinet approves ₹1.27 trillion for Semiconductor Mission 2.0: Here's what's new

The Union Cabinet approved ₹1.27 lakh crore for the second edition of the India Semiconductor Mission. Announced by Union IT Minister Ashwini Vaishnaw, the mission will now incentivise suppliers of raw materials used in the chip-manufacturing sector, broadening support beyond fabrication units to strengthen the domestic semiconductor supply chain.

Nabka Insight

A flagship Cabinet decision on domestic chip manufacturing — a high-value science-and-economy topic.

Key facts

Outlay: ₹1.27 lakh crore, cleared by the Union Cabinet.
Second edition — India Semiconductor Mission 2.0.
Will incentivise suppliers of raw materials in chip manufacturing.
Announced by Union IT Minister Ashwini Vaishnaw.

Background

India Semiconductor Mission (ISM)Understand →

Relevant forRailways · SSC · State PSC · UPSC

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