ENA MSME 2025-05-19 14:48:31 <p><span style="font-size:14px"><strong>New Delhi, May 19 (KNN)</strong> Union Minister Ashwini Vaishnaw announced that the government has received 70 applications for its Rs 23,000-crore Electronics Component Manufacturing Scheme (ECMS), with small and medium enterprises comprising the majority of applicants.</span></p> <p><span style="font-size:14px">These applications were submitted within just 15 days of the application window opening on May 1.</span></p> <p><span style="font-size:14px">Vaishnaw highlighted that approximately 80 percent of the applications have come from small and medium enterprises, demonstrating broad industry interest beyond just large manufacturers.</span></p> <p><span style="font-size:14px">The Rs 22,805-crore ECMS aims to address the significant demand-supply deficit in the electronic component segment.</span></p> <p><span style="font-size:14px">According to the Electronic Industries Association of India (Elcina), without government intervention, this deficit could reach USD 248 billion by 2030, as the country works toward a projected USD 500 billion electronics production target.</span></p> <p><span style="font-size:14px">The scheme allocates Rs 21,093 crore for sub-assemblies such as camera modules, multi-layered printed circuit boards (PCBs), flexible PCBs, and passive components.</span></p> <p><span style="font-size:14px">An additional Rs 1,712 crore has been earmarked for parts used in sub-assemblies and capital goods essential for electronics manufacturing.</span></p> <p><span style="font-size:14px">ECMS categorises components into four groups: Category A includes display and camera modules; Category B covers bare components like non-surface mount devices, multi-layered PCBs, and lithium-ion cells; Category C encompasses components such as flexible PCBs and SMD passive components; while Category D includes components used in manufacturing items from the first three categories as well as capital goods used in electronics manufacturing.</span></p> <p><span style="font-size:14px">The government has established a three-month application window for Categories A, B, and C, while Category D applications will be accepted for a period of two years, both starting from May 1.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42126 https://knnindia.co.in/news/newsdetails/msme/rs-23000-cr-electronics-component-manufacturing-scheme-a-hit-with-msmes-ashwini-vaishnaw 2025-05-19 14:48:31 knnindia.co.in