Electronics Development Fund

Electronics manufacturers hope for a production-linked incentive scheme in the upcoming Budget, while the government hopes production can move to Tier II towns to generate jobs

The Bihar government Tuesday announced an increase in the development fund of MLAs and MLCs from Rs 3 crore to Rs 4 crore annually, an official said. The decision to this effect was taken at a cabinet meeting chaired by Chief Minister Nitish Kumar, he said. The MLAs and MLCs can now use more funds under the Chief Minister Local Area Development Scheme (CMLADS), the official said. The hike will be effective from the current financial year.

The electronic development fund is the mother fund that will contribute to various funds under it