Financial incentives and design infrastructure support will be extended to domestic companies, Startups and MSMEs engaged in semiconductor design or semiconductor linked design. The approved applicants that claim incentives under the scheme shall retain their domestic status (i.e. more than 50% of the capital in it 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. An applicant must meet the Threshold and Ceiling Limit to be eligible for disbursement of incentive as indicated here (Threshold and Ceiling Limits).
In accordance with Para 4 of the Scheme, the Application Window shall be initially three (3) years from 01-01-2022.
Semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design.