Significant Boost in Semiconductor Funding: Allocation Jumps 130%

In a substantial move, the interim Budget marks a 130% surge in the allocation for semiconductor and display manufacturing, now standing at Rs 6,903 crore. Despite potentially missing the previous year's projection of Rs 3,000 crore, this hike underlines the government's commitment to fostering semiconductor and display manufacturing in India. With the application window open until December 2024, the scheme offers a 50% fiscal