2 months, 1 week ago

Budgetary allocation for MeitY up by 48%; focus on electronics, semiconductors

The budget allocation for the ministry of electronics and technology increased by 48.16% from the revised estimate for FY25, primarily focussed on giving a boost to two sectors – electronics manufacturing and manufacturing of semiconductors. It has almost doubled the allocation for the design linked incentive scheme from ₹105.46 crore to ₹200 crore to focus on promoting indigenous intellectual property related to semiconductors. IndiaAI Mission sees 11x increase in allocation The IT ministry allocated ₹2,000 crore to the IndiaAI Mission for FY25, up almost eleven times from the revised budget estimated of ₹173 crore for FY25. Allocation for the National Informatics Centre under MeitY, which maintains the government’s computer infrastructure, also saw a faint 4% increase from ₹1,538.34 crore to ₹1,600 crore. Data Protection Board’s budget increased The budgetary allocation for Data Protection Board of India was increased by 2.5 times to ₹5 crore for FY26.

Hindustan Times

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