Cabinet approves ₹1.27 lakh crore for India Semiconductor Mission 2.0
The Union Cabinet on 15 July 2026 approved ₹1.27 lakh crore (₹1,27,500 crore) for India Semiconductor Mission 2.0 (ISM 2.0), a six-year programme, IT Minister Ashwini Vaishnaw said. ISM 2.0 focuses on subsidising the chip-making supply chain (gases, chemicals and raw materials) and design, and is expected to attract about ₹4 lakh crore in investment and generate semiconductor production worth nearly ₹2 lakh crore.
Key Facts & Details
7 points- 1The Cabinet approved ₹1.27 lakh crore for India Semiconductor Mission 2.0 (ISM 2.0).
- 2ISM 2.0 is a six-year programme with long-term policy support for the chip sector.
- 3It focuses on subsidising the supply chain — gases, chemicals and raw materials.
- 4It is expected to attract about ₹4 lakh crore in investment.
- 5It targets semiconductor production worth nearly ₹2 lakh crore during the scheme.
Deep Dive
- +ISM 2.0 was announced alongside the ₹62,500 crore Mobile Phone Manufacturing Scheme.
- +It aims to strengthen India's chip design and manufacturing ecosystem.
Exam Focus
What is the outlay approved for India Semiconductor Mission 2.0 in July 2026?
Related Topics
Exam Relevance & Angle
A flagship chip-manufacturing mission with a large outlay is a high-yield economy/technology GA fact.
Target Exams
Background & Context
The first India Semiconductor Mission catalysed fabs and assembly units; ISM 2.0 deepens support across the value chain.
Test Yourself
1 / 1India Semiconductor Mission 2.0, approved in July 2026, has an outlay of approximately:
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