Question: How much incentive is being given by the Central Government under the newly launched Semiconductor Mission?
a) Rs 50,000
b) Rs 66,000
c) Rs 76,000
d) Rs 56,000
Answer: (c)
Related Facts:-
- On December 29, 2021, Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission.
- The Ministry of Electronics and Information Technology announced this scheme on December 21, 2021.
- Interested companies will be able to apply for the scheme beginning on 01 January 2022.
- Central government through this scheme is providing the advantage of the Rs 76,000-crore incentives to the joining companies in the mission.
- This mission has been launched by the government for developing semiconductors and demonstrating India’s manufacturing ecosystem.
- In order to receive applications for the scheme, a portal has been created.
- The India Semiconductor Mission is a government-led initiative to develop semiconductors in India (ISM)
- Digital India Corporation’s ISM is a specialized and self-contained business division.
- The mission’s goal is to create a thriving semiconductor and display ecosystem so that India can become a global leader in electronics manufacturing and design.
- It has the authority to negotiate with applicants for the semiconductor and display fab schemes.
- It also has the authority to choose the appropriate technology mix, node generation, applications, and capacity, among other things.
- The program was created in order to attract large investments in the production of AMOLED-based display panels or TFT LCDs.