Union Cabinet Approves Rs 2.19 Lakh Crore Package — Semicon 2.0, Mobile Phone Manufacturing Scheme & Urea Policy

16 July 2026National

On 15 July 2026, the Union Cabinet chaired by PM Narendra Modi cleared seven major decisions with a combined outlay of Rs 2,19,353 crore. Key approvals: Semicon 2.0 (outlay Rs 1,27,500 crore), the second phase of the India Semiconductor Mission; the Mobile Phone Manufacturing Scheme (MPMS) with Rs 62,500 crore over 5 years; and the National Investment Policy for Urea-2026 (NIPU-2026) to boost indigenous urea capacity. Rail projects cleared include doubling of the Paradeep-Haridaspur line (Rs 2,542 crore) and a fourth line between Dangoaposi-Rajkharsawan (Rs 1,365 crore), plus a 6-lane Greenfield elevated corridor linking NH-19 and the Varanasi Ring Road (UP) on Hybrid Annuity Model.

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India Semiconductor Mission launched: 2021 | Union Finance Minister: Nirmala Sitharaman | PLI scheme launched: 2020 | Urea is India's most consumed fertiliser

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Union Cabinet (15 July 2026) approved a Rs 2.19-lakh-crore package headlined by Semicon 2.0 (Rs 1,27,500 cr) and the Mobile Phone Manufacturing Scheme (Rs 62,500 cr) to push Atmanirbhar manufacturing.

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