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Here are the Key Features of the New National Electronics Policy
February 22, 2019
The Union Cabinet approved a new electronics policy recently that looks to building a 400 billion USD industry by 2025. The following are the main highlights of the same:
- Proposed interest subsidy of 4% on loans of up to 1,000 crores on plant and machinery
- Focus on creating one crore jobs
- Credit guarantee fund scheme under which the banks can be provided default guarantee with the help of a new fund
- Revised electronics manufacturing clusters scheme
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