New Delhi, Aug. 31 -- Startups and companies owned by Indian citizens or Overseas Citizens of India (OCIs) will be eligible to participate in the commercial chip-design programme under Semicon 2.0, with startups and MSMEs eligible for grant and equity co-investment support, while larger companies can access royalty financing or equity co-investment, according to the scheme notified by the Ministry of Electronics and Information Technology (MeitY) on Monday.

Under the scheme, eligible startups and MSMEs can receive milestone-linked seed funding of 50 per cent of project cost or Rs 15 crore, whichever is lower. Companies that have already secured funding from venture capital or private equity investors can also receive equity co-investment...