What amount has been approved for the Mobile Phone Manufacturing Scheme (MPMS)?
- A₹50,000 crore
- B₹75,000 crore
- C₹62,500 crore
- D₹1,27,500 crore
Correct Answer: C
The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) worth ₹62,500 crore on July 15, 2026, to be implemented from 2026-27 to 2030-31. Its objective is to transform India into a global hub for mobile manufacturing and exports by promoting indigenous mobile manufacturing, value addition, R&D, and Indian brands.
This question is part of 18 July 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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