New Delhi, July 31 -- The Ministry of Electronics and Information Technology (MeitY) announced the sanction of 23 chip-design projects for financial support under the Design Linked Incentive (DLI) Scheme.

According to a press release by the ministry, the initiative is part of the Rs 76,000 crore Semicon India Programme, which aims to strengthen the domestic semiconductor ecosystem by empowering startups, MSMEs, and academic institutions engaged in chip design.

Launched in December 2021, the DLI Scheme has an outlay of Rs 1,000 crore and supports domestic companies, startups, and MSMEs in semiconductor design.

It offers financial incentives of up to 50 per cent of eligible costs (capped at Rs.15 crore per application) for prototyping an...