Union Cabinet Clears Rs 62,500 Crore Mobile Phone Manufacturing Scheme (MPMS)
The MPMS serves as a direct successor to the PLI for Large Scale Electronics Manufacturing (PLI-LSEM), which concluded on 31 March 2026.
Eligible manufacturers will receive sales-linked incentives ranging between 2.25% and 5% on devices manufactured domestically.
An additional 1.5% incentive is allocated for localized sourcing of key sub-assemblies, along with a 3% incentive on eligible sales for Indian brands investing in domestic R&D and product design.
Key Facts / Static GK
Target Period: FY 2026–27 to FY 2030–31 (5 Years)
Practice Quiz — 17 August 2026
Q1. What is the full form of the campaign vision 'SHANTI' launched by India for its 2028–29 UNSC non-permanent seat bid?
Q2. With reference to the 'Seafarer-First' initiative, consider the following statements: 1. It was launched by the Ministry of External Affairs. 2. It provides real-time monitoring of Indian seafarers operating in the Persian Gulf and Strait of Hormuz. 3. The tracking applies only to ships sailing under the Indian national flag. Which of the statements given above is/are correct?
Q3. Which of the following Tiger Reserves is INCORRECTLY matched with its state regarding zero-tiger reported reserves?
Q4. What percentage of financial assistance on eligible capital infrastructure cost is provided under the Shipbuilding Development Scheme (SbDS)?
Q5. Under the newly approved Mobile Phone Manufacturing Scheme (MPMS), what additional incentive is offered to Indian brands investing in product design and R&D?
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