Total outlay: ₹62,500 crore over five financial years (2026‑27 to 2030‑31).
Target Segment One supports phone manufacturers with incentives of 2.25%‑5% of sales.
Target Segment Two supports Indian phone brands with a 5% incentive plus 3% for Indian design and research and development.
Additional 1.5% incentive for sourcing at least 25% of components locally.
Eligibility includes Indian‑registered manufacturers with minimum turnover thresholds (₹10,000 crore for TS1, ₹1,000 crore for TS2).
Projected outcomes: about 60,000 new jobs and a significant rise in phone production and exports.
The scheme offers financial incentives of 2.25% to 5% for manufacturers and an additional 5% plus 3% for Indian brands that own the design and research and development.
It also provides up to 1.5% extra incentive for using locally sourced components, aiming to strengthen the supply chain.
The government expects the programme to generate about 60,000 direct jobs and increase India’s phone export value.
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