NFDB Scheme

The SPECS Scheme (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) is a flagship initiative of the Ministry of Electronics and Information Technology (MeitY) to strengthen India’s electronics manufacturing ecosystem. It offers a 25% financial incentive on capital expenditure for setting up or expanding units that manufacture critical electronic components, semiconductors, and sub-assemblies.

The scheme complements India’s broader goal of achieving self-reliance in electronics and becoming a global manufacturing hub.

Objectives

• Promote domestic manufacturing of high-value electronic components and semiconductors

• Offset the disability costs faced by Indian manufacturers

• Strengthen India’s position in the global Electronics System Design and Manufacturing (ESDM) sector

• Create high-quality jobs and reduce import dependency

Key Features

• Incentive Offered: 25% reimbursement on eligible capital expenditure

• Eligibility: New units and expansion of existing manufacturing facilities

• Products Covered:

  • Active and passive components

  • Semiconductor devices

  • Display panels

  • ATMP units

  • Specialized sub-assemblies

  • Capital goods used for electronics manufacturing

• Project Tenure: Approved investments are reimbursed over a fixed implementation period

• Application Window: Closed on March 31, 2024, but existing approvals continue to receive benefits

Impact So Far

• Total approved investment: ₹16,500+ Crores

• Employment generated: Over 39,000 jobs

• Disbursed incentive: ₹600+ Crores

• Approved applications: 58 major projects across India

Eligible Capital Expenditure Includes:

• Plant & machinery

• Utilities and support infrastructure

• R&D and testing equipment

• IT and software assets linked to production

• Construction cost of production facilities

Our Services

At [Your Company Name], we provide comprehensive consulting services for the SPECS scheme, including:

• Eligibility assessment and project planning

• DPR preparation and documentation support

• Online application filing via SPECS portal

• Coordination with MeitY/IFCI for evaluation and approvals

• Post-approval claim filing and fund disbursal support

• Assistance in combining SPECS with other schemes (PLI, EMC 2.0, state subsidies)