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Which scheme has been recently approved by the government to strengthen IndiaтАЩs mobile phone manufacturing ecosystem?
Mobile Phone Manufacturing Scheme
Electronics Components Manufacturing Scheme
India Semiconductor Mission 2.0 (ISM 2.0)
None of the above
Mobile Phone Manufacturing Scheme
The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) on July 15, 2026, with a budgetary outlay of 62,500 crore rupees to boost the domestic electronics ecosystem.
The Mobile Phone Manufacturing Scheme (MPMS) succeeds the Production Linked Incentive (PLI) scheme for Large Scale Electronics Manufacturing, which concluded on March 31, 2026. This new initiative is designed to consolidate India's position as a global manufacturing hub by deepening domestic value addition and strengthening supply chain resilience. The scheme specifically aims to support both international and indigenous mobile brands to achieve technological sovereignty. It also focuses on boosting exports and fostering indigenous innovation through targeted research and design incentives.
Scheme Name: Mobile Phone Manufacturing Scheme (MPMS)
Budgetary Outlay: 62,500 crore rupees
Duration: 5 years (FY 2026-27 to FY 2030-31)
Incentive Structure: 2.25% to 5% base incentive on eligible sales, with an additional 1.5% for domestic component sourcing and 3% for Indian brands
Approval Date: July 15, 2026
A is correct тАФ The Mobile Phone Manufacturing Scheme (MPMS) was approved with an outlay of 62,500 crore rupees for the period between FY 2026-27 and FY 2030-31.
Remember that MPMS focuses on 'Value Addition' and 'Indian Brands,' differentiating it from older PLI schemes that primarily prioritized export-driven assembly volumes.
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