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Detailed explanation-1: -The Union Cabinet approved on Wednesday changes to the Centre’s Rs 76, 000-crore semiconductor production linked incentive (PLI) scheme, allowing for a uniform fiscal support of 50 per cent of project cost for semiconductor fabs across technology nodes and display manufacturing.

Detailed explanation-2: -The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Production Linked Incentive (PLI) scheme solar PV modules with an outlay of Rs 19, 500 crore for achieving a manufacturing capacity of Giga Watt (GW) scale in High-Efficiency Solar PV Modules.

Detailed explanation-3: -The government had recently announced an outlay of Rs 76, 000 crore (around $10 billion), under its PLI scheme, separately for the development of a semiconductor and display manufacturing electronics ecosystem.

Detailed explanation-4: -The PLI scheme was announced in December 2021 as a chip shortage, which has eased a bit now, hobbled businesses across the board – from vehicle manufacturers to toy-makers.