New Delhi, January 17, ANI With a vision to create a vibrant ecosystem for semiconductor chip design in the country, the Ministry of Electronics and Information Technology MeitY is seeking applications from 100 domestic companies, start-ups and MSMEs under its Design Linked Incentive DLI Scheme.
Financial incentives and design infrastructure support will be extended to domestic companies, startups and MSMEs over the period of five years under the DLI Scheme, which was announced by MeitY in December.
According to MeitY, the scheme, which is part of the Rs 76,000 crore USD 10 billion package that the government announced in December, aims to nurture at least 20 domestic companies that are involved in semiconductor design and enable them to reach a turnover of more than 1500 crore over the next five years.
The statement states that the Centre for Development of Advanced Computing C-DAC, a scientific society operating under MeitY, will serve as the nodal agency for implementation of the DLI scheme.
The scheme has three components - Chip Design infrastructure support, Product Design Linked Incentive and Deployment Linked Incentive.
Under Chip Design infrastructure support, C-DAC will set up the India Chip Centre to host the state-of-the-art design infrastructure viz. EDA Tools, IP Cores and support for MPW Multi Project Wafer fabrication and post-silicon validation, as well as access to supported companies are provided by EDA Tools, IP Cores and IP Cores.
Under the Product Design Linked Incentive component, up to 50 per cent of the eligible expenditure subject to a ceiling of 15 crore per application will be provided as fiscal support for applicants who are engaged in semiconductor design.
An incentive of 6 per cent to 4 per cent of net sales turnover over five years is provided for applicants with semiconductor design for Integrated Circuits ICs Chipsets, System on Chips SoCs Systems and IP Cores and semiconductor linked design in electronic products.
Applicant that claim incentives under the scheme will be encouraged to retain their domestic status i.e. More than 50 per cent of the capital is beneficially owned by resident Indian citizens and or Indian companies, which are ultimately owned and controlled by resident Indian citizens for a period of three years after claiming incentives under the scheme.
To be eligible for subsidies under the Scheme, an applicant must meet the Threshold and Ceiling Limits.
Online applications from January 1, 2022 to December 31, 2024 can be accessed from January 1, 2022 on a dedicated portal. The applicants can find the guidelines of the DLI Scheme on the portal and register themselves to get support under the scheme.