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of <h1>Union Cabinet Approves Rs 22,919 Crore PLI Scheme for Passive Electronics, Aiming to Create 91,600 Jobs in Six Years.</h1> The Union Cabinet has approved a production-linked incentive (PLI) scheme for passive electronics components, with a budget of Rs 22,919 crore. This initiative aims to boost manufacturing in sectors like telecom, consumer electronics, and automobiles, creating 91,600 jobs and attracting Rs 59,350 crore in investments over six years. The scheme is expected to generate Rs 4.56 lakh crore in production. The Electronic Industries Association of India (Elcina) highlights a potential deficit of USD 248 billion by 2030 without government intervention, suggesting that the PLI scheme could significantly reduce this gap.
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