The plan runs from the financial year 2026‑27 to 2030‑31.
Incentives for large manufacturers range from 2.25% to 5% of eligible costs.
Indian phone brands can receive a 5% incentive, plus 3% for design and research, and up to 1.5% for using local components.
The government expects the scheme to generate about 39 lakh crore rupees in phone production and create roughly 60,000 jobs.
The scheme allocates about sixty‑two thousand five hundred crore rupees to increase phone production and support Indian brands.
It includes incentives for large manufacturers and additional rewards for Indian design, research, and local component sourcing.
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