Summary
The five‑year scheme will give extra money to factories that use Indian parts and to Indian brands that design their own phones.
It aims to create about 60,000 new jobs and keep India a top phone maker in the world.
Key Points
5 points1
Budget: ₹62,500 crore for the Mobile Phone Manufacturing Scheme.
2
Duration: five years, from the financial year 2026‑27 to 2030‑31.
3
Two groups get help: factories that build phones and Indian phone brands.
4
Incentives range from about 2.25% to 5% of sales, plus extra for Indian design and research and development.
5
Goal: increase phone production and export, and add thousands of jobs.
New Words to Learn
6 wordsministry
a government department that looks after a specific area
manufacturing
making products in a factory
incentive
extra money given to encourage something
research and development
work to create new ideas and improve products
export
selling goods to other countries
financial year
the 12‑month period the government uses for its budget
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