Of this, Rs 1,000 crore have been set-aside for the MSMEs. "We have formulated a plan to invest in manufacturing consumer premise equipment, switches and routers. TEMA has estimated that the scheme will result in incremental production for Rs 3 lakh crore over the next five years.As per the guidelines, non-MSMEs will be eligible for incentives ranging from 4% to 6% of incremental production in a year. The scheme offers a higher incentive of 4%-7% to micro, small and medium enterprises that must invest Rs 10 crore, while large companies have an investment threshold of Rs 100 crore. FY19-20 will be treated as the base year, while the five-year period will begin from April 1, 2021.

Source: Economic Times June 04, 2021 14:32 UTC