skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

MeitY Receives 48% Budget Increase, ₹260B For FY26

- Advertisement -

As the government eyes to bolster India’s tech leadership, MeitY’s FY26 budget gets a 48% boost to ₹260 billion, fueling AI, semiconductor growth, and expanded PLI schemes.

The Ministry of Electronics and Information Technology (MeitY) has received a substantial 48% increase in its allocation for the FY26 budget, rising to over ₹260 billion, specifically ₹260.2625 billion from ₹219.369 billion in the previous year.

This enhanced allocation broadly supports key initiatives such as the IndiaAI Mission and expanded production-linked incentive (PLI) schemes for semiconductors, large-scale electronics manufacturing, and IT hardware.

- Advertisement -

A major portion of the budget increase will fund the development of semiconductors, with a revised estimate of ₹39 billion allocated for the ‘Modified Scheme for Setting Up Semiconductor Fabs and Related Facilities.’ This is an increase from ₹25 billion allocated in FY24. Similarly, the ‘Modified Scheme for Setting up Semiconductor Fabs in India’ has seen an increase from ₹12 billion in FY24 to ₹24.99 billion in FY26.

Additionally, the IndiaAI Mission, which aims to enhance India’s artificial intelligence infrastructure, has been allocated ₹20 billion as part of the overall ₹107.38 billion earmarked for the initiative.

MeitY’s responsibilities also extend to overseeing key public sector undertakings, including the National Informatics Centre (NIC), the Centre for Development of Advanced Computing (C-DAC), and the Indian Computer Emergency Response Team (CERT-In).

While the allocation for C-DAC has increased slightly to ₹2.75 billion, the budgets for the Unique Identification Authority of India (UIDAI) and Semiconductor Laboratory have remained steady at ₹6 billion and ₹5 billion, respectively.

“The expanded PLI scheme of ₹62 billion and dedicated R&D fund send a clear signal —India is not just assembling but aiming to lead in design and fabrication of complex systems and chips. However, success hinges on execution of these schemes and lowering barrier for industry to utilise these incentives and schemes,” noted Pankaj Panjwani, CEO and Founder of Indian chip designing company KeenSemi, post the Union Budget 2025-26 on Saturday.

- Advertisement -

Most Popular Articles

Shubha Mitra
Shubha Mitra
Shubha is a journalist at EFY. She is keenly interested in India's evolving electronics ecosystem. Her focus revolves around government policies, legislation, and public-private partnerships related to the industry.

Eastman, Urja Mobility To Power Electric Three-Wheelers

0
Integrating IoT and software solutions for enhanced mobility, Eastman Auto partners with Urja Mobility to supply batteries for electric three-wheelers in India. On Tuesday,...

ISRO, IIT Madras Unveil India’s Indigenous IRIS Chip

0
Powering India’s leap towards self-reliance in semiconductors for space and IoT systems under the RISC-V initiative, ISRO and IIT Madras have jointly launched IRIS...

Lam Research To Invest ₹100B In India

0
Aligning with government efforts to reduce import dependency, Lam Research is set to invest ₹100 billion in Bengaluru, India, for semiconductor manufacturing. Lam Research,...

BEL, Safran Partner To Boost India’s Defence Manufacturing

0
To locally produce cutting-edge HAMMER weapon systems, France's Safran Electronics join hands with BEL, expands manufacturing and R&D operations in Bengaluru. Defence PSU Bharat...

Delvitech Expands AI Innovation India

0
Focused on AI-powered AOI and SPI systems, the company is committed to driving innovation, optimizing production quality, and delivering world-class solutions tailored to the...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...

Industry's Buzz

Eastman, Urja Mobility To Power Electric Three-Wheelers

0
Integrating IoT and software solutions for enhanced mobility, Eastman Auto partners with Urja Mobility to supply batteries for electric three-wheelers in India. On Tuesday,...

ISRO, IIT Madras Unveil India’s Indigenous IRIS Chip

0
Powering India’s leap towards self-reliance in semiconductors for space and IoT systems under the RISC-V initiative, ISRO and IIT Madras have jointly launched IRIS...

Lam Research To Invest ₹100B In India

0
Aligning with government efforts to reduce import dependency, Lam Research is set to invest ₹100 billion in Bengaluru, India, for semiconductor manufacturing. Lam Research,...

BEL, Safran Partner To Boost India’s Defence Manufacturing

0
To locally produce cutting-edge HAMMER weapon systems, France's Safran Electronics join hands with BEL, expands manufacturing and R&D operations in Bengaluru. Defence PSU Bharat...

Delvitech Expands AI Innovation India

0
Focused on AI-powered AOI and SPI systems, the company is committed to driving innovation, optimizing production quality, and delivering world-class solutions tailored to the...

Learn From Leaders

Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Startups

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...