Ministry Of Commerce And Industry
Launched in January 2016 under Startup India, the Fund of Funds for Startups is managed by SIDBI. It supports DPIIT-recognized startups ind…
Ministry: Ministry of Electronics and Information Technology
The scheme aims to provide financial incentives to boost domestic manufacturing and attract large investments in the electronics value chain, including electronic components and semiconductor packaging.
The applicant should be a company engaged in manufacturing under the specified target segments and must meet the defined qualification criteria for eligibility under the scheme.
The applicant should have a consolidated global manufacturing revenue in the relevant target segment exceeding the prescribed threshold in the base year, including revenue of group companies as applicable.
The applicant should satisfy the minimum eligibility thresholds of incremental investment and incremental sales of manufactured goods over the base year as specified in the scheme guidelines.
The applicant should ensure that eligibility for incentive in any year is subject to meeting the required threshold criteria for that particular year under the scheme.
The applicant should acknowledge that failure to meet the threshold criteria in any given year will result in non-eligibility for incentive for that year, without affecting eligibility in subsequent years.
The applicant should ensure that incremental sales of manufactured goods over the base year are considered for determining eligibility, irrespective of invoice value thresholds.
The applicant should comply with the condition that only sales of manufactured goods under the target segments are considered for evaluation of eligibility.
The applicant should understand that eligibility under this scheme shall not impact eligibility under any other scheme, and vice versa.
✦ Required ◦ Optional
Step 1: Visit the official portal of the Scheme.
Step 2: Register on the portal using the company details.
Step 3: Access the application form available on the portal.
Step 4: Fill in all required details, including investment, production plans, and financial information.
Step 5: Upload all required documents as specified.
Step 6: Submit the application online within the prescribed timeline.
Step 7: The application will be evaluated by the Project Management Agency (PMA).
Step 8: Provide clarifications or additional documents, if requested during evaluation.
Step 9: Upon approval, receive the approval letter from the concerned authority.
Step 10: Commence production and submit claims for incentives on an annual basis.
Step 11: Claims will be verified by the Project Management Agency (PMA) and approved for disbursement.