SchemesSaturday, 18 July 2026·The Hindu - Economy
Cabinet clears ₹1.27 lakh crore Semicon Mission 2.0, ₹62,500 crore mobile manufacturing scheme and new highway projects
The Union Cabinet approved Semicon Mission 2.0, a mobile phone manufacturing scheme, two highway projects and nine gas-based urea plants.
Key highlights
Direct fact
In July 2026, the Union Cabinet chaired by Prime Minister Narendra Modi approved ₹1.27 lakh crore for India Semiconductor Mission 2.0 and ₹62,500 crore for the Mobile Phone Manufacturing Scheme.
Key specifics
- Semicon Mission 2.0 is expected to attract investments of around ₹4 lakh crore.
- The mission aims to support semiconductor production worth ₹2 lakh crore during the scheme period.
- The first semiconductor mission had an allocation of ₹76,000 crore and approved 12 projects with cumulative investments of around ₹1.64 lakh crore.
- The mobile phone manufacturing scheme is expected to generate around 60,000 direct jobs.
- Two highway projects worth ₹25,400 crore and nine gas-based urea plants with 10 million tonnes capacity were also approved.
Exam lens
TNPSC scheme-and-economy question: remember the Cabinet, ₹1.27 lakh crore, ₹62,500 crore, 12 projects in the first mission, and 60,000 jobs under MPMS. A likely one-liner is about India’s push for semiconductor and mobile manufacturing self-reliance.