GovernmentCentral (Ministry of Electronics and Information Technology) Verified 2026-07-05

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

Financial incentive of 25% on capital expenditure for manufacturing of identified electronic components, semiconductor/display fabrication units, ATMP units, specialised sub-assemblies and related capital goods.

Eligibility

  • Companies investing in new units or expansion/modernisation/diversification of existing units for eligible electronic components and semiconductors
  • Must meet threshold investment and eligible-product criteria under the scheme guidelines
  • MSME-scale manufacturers eligible where they meet the notified thresholds

How to apply

Apply online through the SPECS portal (specs.ifciltd.com) with project details; applications appraised by the Project Management Agency (IFCI) and MeitY; incentive disbursed on verified capital expenditure.

Required documents

  • Project proposal/DPR
  • Company registration documents
  • Details of proposed capital investment and eligible products
  • Financial statements

Official sources

Verification notes

Verified on meity.gov.in. 25% incentive on capital expenditure confirmed. maxValueInINR omitted (depends on approved capex). Note: SPECS application window may be closed; included as MSME-relevant electronics scheme per official listing. [AI-gathered from official sources on 2026-07-05; needs team review]