Semicon 2.0 scheme to cover large design firms too, raise subsidy

The semiconductor incentive scheme 2.0, which the government is expected to announce in the next three-four months, is likely to provide subsidy to even large firms that are into chip designing. Not only this, the subsidy amount is also likely to be raised from the current cap.

This will be a major change from the current scheme, which only supports startups by reimbursing 50% of their design-related expenditure, with a ceiling of Rs 15 crore. This ceiling is expected to be raised.