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Category: India

  • MIL-OSI Asia-Pac: PRESIDENT OF INDIA GRACES the opening of Amrit Udyan

    Source: Government of India

    PRESIDENT OF INDIA GRACES the opening of Amrit Udyan

    Udyan TO OPEN FOR PUBLIC FROM February 2

    Posted On: 01 FEB 2025 1:35PM by PIB Delhi

    The President of India, Smt Droupadi Murmu graced the opening of the Amrit Udyan Winter Annuals Edition 2025 today (February 1, 2025). The Amrit Udyan will open for public viewing from February 2 to March 30, 2025.

    People can visit the Udyan six days a week between 10 a.m. and 6 p.m., except on Mondays, which are maintenance days. The Udyan will also remain closed on February 5 (due to polling for the Delhi Legislative Assembly), February 20 and 21 (due to the Visitors’ Conference at Rashtrapati Bhavan), and March 14 (on account of Holi).   

            The Amrit Udyan will be open for special categories on the following days:

    ·         March 26 – for divyangjan 

    ·         March 27 – for personnel of defence, paramilitary and police forces

    ·         March 28 – for women and tribal women’s SHGs

    ·         March 29 – for senior citizens  

     

    Booking and entry to the Garden is free of cost. Booking can be made at https://visit.rashtrapatibhavan.gov.in/. Walk-in entry is also available.

    Entry and exit for all visitors will be from Gate No. 35 of the President’s Estate, close to where North Avenue meets Rashtrapati Bhavan. For the convenience of visitors, shuttle bus service from Central Secretariat Metro Station to Gate No. 35 will be available every 30 minutes between 9.30 am and 6.00 pm. 

    Visitors can carry mobile phones, electronic keys, purses/handbags, water bottles and milk bottles for infants. Provision for drinking water, toilets, and first aid/medical facilities will be made at various places along the public route. 

    Route for the visitors will be Bal Vatika – Plumeria theme Garden – Bonsai Garden – Central Lawn – Long Garden – Circular Garden.

    Visitors can get detailed information about any display by scanning QR codes.

    Along with tulips this year visitors will be able to see 140 different types of roses and more than 80 other flowers.

    Rashtrapati Bhavan will also host Vividhta Ka Amrit Mahotsav as part of Amrit Udyan from March 6 to 9, 2025. This year’s Mahotsav will showcase the rich cultural heritage and unique traditions of Southern India.

    Apart from the Amrit Udyan, people can also visit Rashtrapati Bhavan and Rashtrapati Bhavan Museum six days a week (from Tuesday to Sunday). They can also witness the Change-of-Guard Ceremony every Saturday except on Gazetted Holidays. More details are available at https://visit.rashtrapatibhavan.gov.in.  

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  • MIL-OSI Asia-Pac: NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME

    Source: Government of India

    NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME

    LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000

    UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS

    TAX SLAB RATE REDUCTION AND REBATES TO RESULT IN SUBSTANTIAL TAX RELIEF TO MIDDLE CLASS, THEREBY BOOSTING HOUSEHOLD CONSUMPTION EXPENDITURE AND INVESTMENT

    Posted On: 01 FEB 2025 1:28PM by PIB Delhi

    Reaffirming Government’s commitment to the philosophy of “trust first, scrutinize later”, the Union Budget 2025-26 has reposed faith in the Middle class and continued the trend of giving relief in tax burden to the common tax–payer. Presenting the Budget in the Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed an across-the-board change in tax slabs and rates to benefit all tax-payers.

    Giving the good news to tax payers, the Finance Minister stated, “There will be no income tax payable upto income of Rs. 12 lakh (i.e. average income of Rs.1 lakh per month other than special rate income such as capital gains) under the new regime. This limit will be Rs.12.75 lakh for salaried tax payers, due to standard deduction of Rs. 75,000.”  Tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by them, she added.

    Smt. Sitharaman stated, “The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment”. In the new tax regime, the Finance Minister proposed to revise tax rate structure as follows:

    0-4 lakh rupees

    Nil

    4-8 lakh rupees

    5 per cent

    8-12 lakh rupees

    10 per cent

    12-16 lakh rupees

    15 per cent

    16-20 lakh rupees

    20 per cent

    20- 24 lakh rupees

    25 per cent

    Above 24 lakh rupees

    30 per cent

    The total tax benefit of slab rate changes and rebate at different income levels can be illustrated in the table below:

    While underlining Taxation Reforms as one of key reforms to realize the vision of Viksit Bharat, Smt. Sitharaman stated that the new income-tax bill will carry forward the spirit of ‘Nyaya’. The new regime will be simple to understand for taxpayers and tax administration, leading to tax certainty and reduced litigation, she informed.

    Quoting Verse 542 from The Thirukkural, the Finance Minister stated, “Just as living beings live expecting rains, Citizens live expecting good governance.” Reforms are a means to achieve good governance for the people and economy. Providing good governance primarily involves being responsive. The tax proposals detail just how the Government under the guidance of Prime Minister Shri Narendra Modi has taken steps to understand and address the needs voiced by our citizens, Smt. Sitharaman added.

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  • MIL-OSI Asia-Pac: AGRICULTURE IS THE FIRST ENGINE FOR INDIA’S DEVELOPMENT JOURNEY: BUDGET 2025-26

    Source: Government of India

    AGRICULTURE IS THE FIRST ENGINE FOR INDIA’S DEVELOPMENT JOURNEY: BUDGET 2025-26

    MAKHANA BOARD TO BE ESTABLISHED IN BIHAR

    NATIONAL MISSION ON HIGH YIELDING SEEDS TO BE LAUNCHED

    SECOND GENE BANK WITH 10 LAKH GERMPLASM LINES TO BE SET UP

    FIVE- YEAR MISSION FOR COTTON PRODUCTIVITY ANNOUNCED

    KISAN CREDIT CARD LOAN LIMIT RAISED FROM Rs. 3 LAKH TO Rs. 5 LAKH

    12.7 LAKH METRIC TONS UREA PLANT TO BE SET UP AT NAMRUP, ASSAM

    ANDAMAN & NICOBAR AND LAKSHADWEEP ISLANDS WILL BE THE SPECIAL FOCUS OF THE NEW FRAMEWORK FOR SUSTAINABLE HARNESSING OF FISHERIES

    Posted On: 01 FEB 2025 1:27PM by PIB Delhi

    Emphasizing ‘Agriculture as the first engine’ for India’s development journey, Union Budget 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, announced a slew of measures to spur Agricultural Growth and Productivity, thereby benefitting the Annadata.

    Announcing the Government’s decision to establish a Makhana Board in Bihar, Smt. Sitharaman said it will improve production, processing, value addition, and marketing of makhana as well as support the people engaged in these activities to be organized into Farmer Producer Organizations (FPOs). She added that the Board will provide handholding and training support to makhana farmers and also work to ensure they receive the benefits of all relevant Government schemes.

    The Minister stated that a National Mission on High Yielding Seeds will be launched with an aim to strengthen the research ecosystem, targeted development and propagation of seeds with high yield, pest resistance and climate resilience, and commercial availability of more than 100 seed varieties released since July 2024.

    To provide conservation support to both public and private sectors for genetic resources and ensure future food and nutritional security, the Minister said that the second Gene Bank with 10 lakh germplasm lines will be set up.

    Announcing the ‘Mission for Cotton Productivity’, Smt. Sitharaman highlighted that the five-year mission will facilitate significant improvements in productivity and sustainability of cotton farming, and promote extra-long staple cotton varieties. She said the mission will benefit lakhs of cotton growing farmers as the best of science & technology support will be provided to farmers. Aligned with the Government’s integrated 5F vision for the textile sector, the Minister remarked that the mission will help in increasing incomes of the farmers as well as ensure a steady supply of quality cotton for rejuvenating India’s traditional textile sector.

    Noting the importance of Kisan Credit Cards (KCC) in facilitating short term loans for around 7.7 crore farmers, fishermen, and dairy farmers, the Minister announced the enhancement of loan limit under the Modified Interest Subvention Scheme from Rs. 3 lakh to Rs. 5 lakh for loans taken through the KCC.

    Smt. Sitharaman announced the setting up of Urea plant with annual capacity of 12.7 lakh metric tons at Namrup, Assam. This, she said will further augment urea supply and help to achieve Atmanirbharta in urea production, along with the recently reopened three dormant urea plants in the Eastern region.

    Highlighting that India ranks second-largest globally in fish production and aquaculture with the Seafood exports valued at Rs. 60 thousand crore, the Union Minister remarked that the Government will bring in an enabling framework for sustainable harnessing of fisheries from Indian Exclusive Economic Zone and High Seas, with a special focus on the Andaman & Nicobar and Lakshadweep Islands, which will unlock the untapped potential of the marine sector.

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  • MIL-OSI Asia-Pac: PRIME MINISTER DHAN-DHAANYA KRISHI YOJANA TO BE LAUNCHED IN 100 LOW CROP PRODUCTIVITY DISTRICTS, PROGRAMME WILL HELP 1.7 CRORE FARMERS TO ENHANCE AGRICULTURAL PRODUCTIVITY, IMPROVE IRRIGATION FACILITIES AND FACILITATE LONG-TERM AND SHORT-TERM CREDIT: UNION BUDGET 2025-26

    Source: Government of India

    PRIME MINISTER DHAN-DHAANYA KRISHI YOJANA TO BE LAUNCHED IN 100 LOW CROP PRODUCTIVITY DISTRICTS, PROGRAMME WILL HELP 1.7 CRORE FARMERS TO ENHANCE AGRICULTURAL PRODUCTIVITY, IMPROVE IRRIGATION FACILITIES AND FACILITATE LONG-TERM AND SHORT-TERM CREDIT: UNION BUDGET 2025-26

    RURAL PROSPERITY AND RESILIENCE PROGRAMME ANNOUNCED TO ADDRESS UNDER-EMPLOYMENT IN AGRICULTURE TRHOUGH SKILLING, INVESTMENT, TECHNOLOGY AND INVIGORATING RURAL ECONOMY

    6-YEAR “MISSION FOR AATMANIRBHARTA IN PULSES”; EMPHASIS ON DEVELOPING CLIMATE RESILIENT SEEDS, IMPROVING POST-HARVEST STORAGE, ASSURING REMUNERATIVE PRICES TO FARMERS

    UNION BUDGET PROPOSES COMPREHEMSIVE PROGRAMME FOR VEGETABLES AND FRUITS TO PROMOTE PRODUCTION, EFFICIENT SUPPLIES, PROCESSING AND REMUNERATIVE PRICES FOR FARMERS

    PUBLIC SECTOR BANKS TO DEVELOP ‘GRAMEEN CREDIT SCORE’ FRAMEWORK TO SERVE CREDIT NEEDS OF SHG MEMBERS AND RURAL POPULATION

    Posted On: 01 FEB 2025 1:23PM by PIB Delhi

    Spurring agricultural growth and productivity is one of the development measures proposed in the Union Budget 2025-26. Agriculture is one of the four powerful engines amongst MSME, Investment and Exports, stated Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2025-26, in the Parliament today.

    Specific proposals proposed in the Union Budget to strengthen productivity and resilience in agriculture are as follows:

    Prime Minister Dhan-Dhaanya Krishi Yojana–Developing Agri Districts Programme:

    The Union Finance Minister stated that motivated by the success of the Aspirational Districts Programme, the Government will undertake a ‘Prime Minister Dhan-Dhaanya Krishi Yojana’ in partnership with states. Through the convergence of existing schemes and specialized measures, the programme will cover 100 districts with low productivity, moderate crop intensity and below-average credit parameters. The programme aims to enhance agricultural productivity; adopt crop diversification and sustainable agriculture practices; augment post-harvest storage at the panchayat and block level; improve irrigation facilities and facilitate availability of long-term and short-term credit. This programme is likely to help 1.7 crore farmers.

     

    Building Rural Prosperity and Resilience:

    A comprehensive multi-sectoral ‘Rural Prosperity and Resilience’ programme will be launched in partnership with states, added the Union Finance Minister. This will address under-employment in agriculture through skilling, investment, technology, and invigorating the rural economy. The goal is to generate ample opportunities in rural areas so that migration is an option, but not a necessity. She further added that the programme will focus on rural women, young farmers, rural youth, marginal and small farmers, and landless families. The programme aims in catalyzing enterprise development, employment and financial independence for rural women; accelerating creation of new employment and businesses for young farmers and rural youth; nurturing and modernizing agriculture for productivity improvement and warehousing, especially for marginal and small farmers and diversifying opportunities for landless families. The Union Finance Minister further highlighted that the global and domestic best practices will be incorporated and appropriate technical and financial assistance will be sought from multilateral development banks. In Phase-1, 100 developing agri-districts will be covered.

     

    Aatmanirbharta in Pulses:

    Smt. Nirmala Sitharaman highlighted that the Government is implementing the National Mission for Edible Oilseed for achieving atmanirbhrata in edible oils. The Government made concerted efforts and succeeded in achieving near self-sufficiency in pulses. Farmers responded to the need by increasing the cultivated area by 50 per cent and Government arranged for procurement and remunerative prices. Since then, with rising incomes and better affordability, consumption of pulses has increased significantly. She further emphasized that the Government will launch a 6-year “Mission for Aatmanirbharta in Pulses” with a special focus on Tur, Urad and Masoor. The Mission will place emphasis on development and commercial availability of climate resilient seeds; enhancing protein content; increasing productivity; improving post-harvest storage and management and assuring remunerative prices to the farmers. Central agencies (NAFED and NCCF) will be ready to procure these 3 pulses, as much as offered during the next 4 years from farmers who register with these agencies and enter into agreements.

     

    Comprehensive Programme for Vegetables & Fruits:

    The Union Finance Minister said that it is encouraging that people are increasingly becoming aware of their nutritional needs. It is a sign of a society becoming healthier. With rising income levels, the consumption of vegetables, fruits and Shree-Anna is increasing significantly. A comprehensive programme to promote production, efficient supplies, processing, and remunerative prices for farmers will be launched in partnership with states. She further added that appropriate institutional mechanisms for implementation and participation of farmer producer organizations and cooperatives will be set up.

     

    Grameen Credit Score:

    The Union Finance Minister stated that Public Sector Banks will develop ‘Grameen Credit Score’ framework to serve the credit needs of SHG members and people in rural areas.

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  • MIL-OSI Asia-Pac: FDI LIMIT FOR INSURANCE SECTOR RAISED FROM 74 TO 100 PER CENT

    Source: Government of India

    FDI LIMIT FOR INSURANCE SECTOR RAISED FROM 74 TO 100 PER CENT

    FORUM FOR REGULATORY COORDINATION AND DEVELOPMENT OF PENSION PRODUCTS TO BE SET UP: UNION BUDGET 2025-26

    ROLL OUT OF REVAMPED CENTRAL KYC REGISTRY PLANNED IN 2025

    PROCEDURES FOR SPEEDY APPROVAL OF COMPANY MERGERS TO BE RATIONALIZED, PROCESS TO BE MADE SIMPLER

    Posted On: 01 FEB 2025 1:21PM by PIB Delhi

    Budget 2025-26  aims to initiate transformative reforms across six domains which will augment our growth potential and global competitiveness during the next five years, the Union Finance & Corporate Affairs Minister said while presenting the Union Budget 2025-26 in the Parliament today.  

    One of these domains is Financial Sector which encompasses sectors like Insurance, Pensions, Bilateral Investment Treaties (BIT) and so forth.

    FDI in Insurance Sector

    Smt. Nirmala Sitharaman informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified.

    Pension Sector

    A forum for regulatory coordination and development of pension products will be set up, the Union Finance Minister stated.

    KYC Simplification

    To implement the earlier announcement on simplifying the KYC process, the revamped Central KYC Registry will be rolled out in 2025, Smt. Nirmala Sitharaman said. A streamlined system for periodic updating will also be implemented.

    Merger of Companies

    The Union Finance Minister also said that requirements and procedures for speedy approval of company mergers will be rationalized. The scope for fast-track mergers will also be widened and the process will be made simpler.

    Bilateral Investment Treaties

    To encourage sustained foreign investment and in the spirit of ‘first develop India’, the current model BIT will be revamped and made more investor-friendly, the Union Finance Minister added.

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  • MIL-OSI Asia-Pac: “NATIONAL MANUFACTURING MISSION” TO COVER SMALL, MEDIUM AND LARGE INDUSTRIES FOR FURTHERING “MAKE IN INDIA” ANNOUNCED IN UNION BUDGET 2025-26

    Source: Government of India

    “NATIONAL MANUFACTURING MISSION” TO COVER SMALL, MEDIUM AND LARGE INDUSTRIES FOR FURTHERING “MAKE IN INDIA” ANNOUNCED IN UNION BUDGET 2025-26

    A NEW ‘FOCUS PRODUCT SCHEME’ FOR FOOTWEAR & LEATHER SECTORS, SCHEME TO GENERATE EMPLOYMENT FOR 22 LAKH PERSONS

    NATIONAL ACTION PLAN FOR TOYS TO MAKE INDIA A GLOBAL HUB FOR TOYS

    Posted On: 01 FEB 2025 1:19PM by PIB Delhi

    A “National Manufacturing Mission” to cover small, medium and large industries for furthering “Make in India” was announced by the Union Minister for Finance and Corporate Affairs , Smt. Nirmala Sitharaman while presenting the Union Budget 2025-26 in Parliament today. This will provide policy support, execution roadmaps, governance and monitoring framework for central ministries and states.

    The National Manufacturing Mission will lay emphasis on five focal areas i.e. ease and cost of doing business; future ready workforce for in-demand jobs; a vibrant and dynamic MSME sector; availability of technology; and quality products.

    The Mission will also support Clean Tech manufacturing and aims to improve domestic value addition and build the ecosystem for solar PV cells, EV batteries, motors and controllers, electrolyzers, wind turbines, very high voltage transmission equipment and grid scale batteries, the Union Finance Minister added.

    The Finance Minister also outlined measures for Labour-Intensive Sectors, adding that Government will  undertake specific policy and facilitation measures to promote employment and entrepreneurship opportunities in labour-intensive sectors.

    The Union Minister specified that to enhance the productivity, quality and competitiveness of India’s footwear and leather sector, a focus product scheme will be implemented. The Union Finance Minister further informed that the scheme will support design capacity, component manufacturing, and machinery required for production of non-leather quality footwear, besides the support for leather footwear and products. The scheme is expected to facilitate employment for 22 lakh persons, generate turnover of Rs. 4 lakh crore and exports of over Rs. 1.1 lakh crore.

    The Union Minister further proposed National Action Plan for Toys to be implemented to make India a global hub for toys. The scheme will focus on development of clusters, skills, and a manufacturing ecosystem that will create high-quality, unique, innovative, and sustainable toys that will represent the ‘Made in India’ brand, the Minister added.

    On the front of support for food processing, the Union Finance Minister reiterated Government’s commitment towards ‘Purvodaya’. The Union Minister proposed to establish a National Institute of Food Technology, Entrepreneurship and Management in Bihar. The institute will provide a strong fillip to food processing activities in the entire Eastern region. This will result in enhanced income for the farmers through value addition to their produce, and skilling, entrepreneurship and employment opportunities for the youth.

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  • MIL-OSI Asia-Pac: INDIA POST TO ACT AS A CATALYST FOR THE RURAL ECONOMY: BUDGET 2025-26

    Source: Government of India

    INDIA POST TO ACT AS A CATALYST FOR THE RURAL ECONOMY: BUDGET 2025-26

    INDIA POST SERVICES WILL BE EXPANDED TO INCLUDE DBT, CREDIT SERVICES TO MICRO ENTERPRISES, INSURANCE AMONG OTHERS

    INDIA POST WILL BE TRANSFORMED AS A LARGE PUBLIC LOGISTICS ORGANIZATION TO MEET THE RISING NEEDS OF VISWAKARMAS, WOMEN, SHG, MSMEs ETC

    Posted On: 01 FEB 2025 12:57PM by PIB Delhi

    Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman  said, while presenting the Budget 2025-26 in the Parliament today, that India Post with 1.5 lakh rural post offices, complemented by the India Post Payment Bank and a vast network of 2.4 lakh Dak Sevaks, will be repositioned to act as a catalyst for the rural economy.

    Finance Minister also proposed that the expanded range of services of India Post will include:

    1) rural community hub co-location;

    2) institutional account services;

    3) DBT, cash out and EMI pick-up;

    4) credit services to micro enterprises;

    5) insurance; and

    6) assisted digital services.

     

    Smt Sitharaman further added that India Post will also be transformed as a large public logistics organization. This will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs, and large business organizations.

    Union Minister also said that the services of India Post Payment Bank will be deepened and expanded in rural areas.

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  • MIL-OSI Asia-Pac: INVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELY

    Source: Government of India (2)

    INVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELY

    CREDIT GUARANTEE COVER FOR MICRO AND SMALL ENTERPRISES ENHANCED FROM 5 CRORE TO 10 CRORE

    10 LAKH CUSTOMIZED CREDIT CARDS WITH A 5 LAKH LIMIT FOR MICRO ENTERPRISES REGISTERED ON UDYAM PORTAL TO BE INTRODUCED IN THE FIRST YEAR

    NEW FUND OF FUNDS of Rs. 10,000 CRORE TO BE SET UP FOR START-UPS

    A NEW SCHEME TO PROVIDE LOANS UP TO 2 CRORE DURING THE NEXT 5 YEARS FOR 5 LAKH WOMEN, SCHEDULED CASTES AND SCHEDULED TRIBES FIRST-TIME ENTREPRENEURS TO BE LAUNCHED

    EXPORT PROMOTION MISSION TO FACILITATE EASY ACCESS TO EXPORT CREDIT AND SUPPORT MSMEs TO TACKLE NON-TARIFF MEASURES IN OVERSEAS MARKETS ANNOUNCED

    Posted On: 01 FEB 2025 1:17PM by PIB Delhi

    The Union Budget 2025-26 sees the next five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions and achieving the goal of Viksit Bharat.

    The Union Budget defines MSMEs as one of the powerful engines for the story of development and the proposed development measures supports MSMEs to accelerate growth and secure inclusive development.

    Revision in classification criteria for MSMEs

    While presenting the Union Budget 2025-26 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said “To help MSMEs achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively.” The details are in Figure 1.

    She further said that this will give them the confidence to grow and generate employment for our youth.

    Rs. in Crore

    Investment

    Turnover

     

    Current

    Revised

    Current

    Revised

    Micro Enterprises

    1

    2.5

    5

    10

    Small Enterprises

    10

    25

    50

    100

    Medium Enterprises

    50

    125

    250

    500

    (Figure 1)

     

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that currently, over 1 crore registered MSMEs, employing 7.5 crore people, and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub.  She also remarked “With their quality products, these MSMEs are responsible for 45 per cent of our exports.”  

    Significant enhancement of credit availability with guarantee cover

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said that to improve access to credit, the credit guarantee cover will be enhanced:

    a) For Micro and Small Enterprises, from 5 crore to 10 crore, leading to additional credit of  1.5 lakh crore in the next 5 years;

    b) For Startups, from 10 crore to 20 crore, with the guarantee fee being moderated to 1 per cent for loans in 27 focus sectors important for Atmanirbhar Bharat; and

    c) For well-run exporter MSMEs, for term loans up to 20 crore.

    Credit Cards for Micro Enterprises

    Union Minister Smt. Nirmala Sitharaman announced that customized Credit Cards with a 5 lakh limit for micro enterprises registered on Udyam portal will be introduced. She further remarked that in the first year, 10 lakh such cards will be issued.

    Fund of Funds for Startups

    In her Budget speech, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said, “The Alternate Investment Funds (AIFs) for startups have received commitments of more than 91,000 crore. These are supported by the Fund of Funds set up with a Government contribution of 10,000 crore.” She announced that now, a new Fund of Funds, with expanded scope and a fresh contribution of another 10,000 crore will be set up.

    Scheme for First-time Entrepreneurs

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced that a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. She informed that this will provide term loans up to 2 crore during the next 5 years. In her speech she said, “The scheme will incorporate lessons from the successful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized.”

    Deep Tech Fund of Funds

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman informed that a Deep Tech Fund of Funds will also be explored to catalyze the next generation startups as a part of this initiative.

    Export Promotion Mission

    Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance will be set up. She also informed that the Mission will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.

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  • MIL-OSI Asia-Pac: ‘BHARATTRADENET’ FOR INTERNATIONAL TRADE TO BE SET-UP AS A UNIFIED PLATFORM FOR TRADE DOCUMENTATION AND FINANCING SOLUTIONS: UNION BUDGET 2025-26

    Source: Government of India (2)

    ‘BHARATTRADENET’ FOR INTERNATIONAL TRADE TO BE SET-UP AS A UNIFIED PLATFORM FOR TRADE DOCUMENTATION AND FINANCING SOLUTIONS: UNION BUDGET 2025-26

    DOMESTIC MANUFACTURING CAPACITIES TO BE AUGMENTED FOR INTEGRATING INDIAN ECONOMY WITH GLOBAL SUPPLY CHAINS

    GOVERNMENT WILL SUPPORT THE DOMESTIC ELECTRONIC EQUIPMENT INDUSTRY TO LEVERAGE THE OPPORTUNITY OF INDUSTRY 4.0

    NATIONAL FRAMEWORK FOR STATES TO BE FORMULATED FOR PROMOTING GLOBAL CAPABILITY CENTRES IN EMERGING TIER 2 CITIES

    Posted On: 01 FEB 2025 1:15PM by PIB Delhi

    In our journey of realizing ‘Sabka Vikas’ by stimulating balanced growth of all regions, Exports have been reckoned as one of the powerful engines of India’s growth story. The Union Budget 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, aims to initiate transformative reforms in domestic manufacturing and integrating India’s economy with global supply chains.

    BharatTradeNet

    A digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade has been proposed to be set-up as a unified platform for trade documentation and financing solutions. In the budget speech Smt. Sitharaman stated that, “BTN will complement the Unified Logistics Interface Platform and will be aligned with international practices”.

    Integrating India’s Economy with Global Supply Chains

    The Finance Minister announced in the Union Budget 2025-26 that support will be provided to develop domestic manufacturing capacities for integrating Indian economy with global supply chains. In this direction, the sectors will be identified based on an objective criteria.

    It is also proposed that facilitation groups with participation of senior officers and industry representatives be formed for select products and supply chains.

    Smt. Nirmala Sitharaman highlighted that the youth of India have both high skills and talent which are required for capitalizing on the opportunities related to Industry 4.0. “Our Government will support the domestic electronic equipment industry to leverage this opportunity for the benefit of the youth”, she added.

    National Framework for GCC

    It has been proposed in the Union Budget 2025-26 that a National Framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier 2 cities. This will suggest 16 measures for enhancing availability of talent and infrastructure, building-byelaw reforms, and mechanisms for collaboration with industry.

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  • MIL-OSI Asia-Pac: ` 1 LAKH CRORE URBAN CHALLENGE FUND TO IMPLEMENT ‘CITIES AS GROWTH HUBS’

    Source: Government of India (2)

    ` 1 LAKH CRORE URBAN CHALLENGE FUND TO IMPLEMENT ‘CITIES AS GROWTH HUBS’

    NATIONAL GEOSPATIAL MISSION TO DEVELOP FOUNDATIONAL GEOSPATIAL INFRASTRUCTURE AND DATA

    GIG WORKERS TO GET IDENTITY CARDS AND REGISTRATION ON THE E-SHRAM PORTAL

    GIG-WORKERS WILL BE PROVIDED HEALTHCARE UNDER PM JAN AROGYA YOJANA, NEARLY 1 CRORE TO GET ASSISTED

    UPI LINKED CREDIT CARDS WITH ` 30,000 LIMIT UNDER PM SVANIDHI SCHEME

    Posted On: 01 FEB 2025 1:13PM by PIB Delhi

    Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament today said that the Government will set up an Urban Challenge Fund of ` 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.

    She further added this fund will finance up to 25 per cent of the cost of bankable projects with a stipulation that at least 50 per cent of the cost is funded from bonds, bank loans, and PPPs. An allocation of  ` 10,000 crore is proposed for 2025-26.

    The Budget has proposed that a National Geospatial Mission will be started to develop foundational geospatial infrastructure and data. Using PM Gati Shakti, this Mission will facilitate modernization of land records, urban planning, and design of infrastructure projects.

    Smt. Sitharaman said that the Government has been giving priority to assisting urban poor and vulnerable groups. A scheme for socio-economic upliftment of urban workers will be implemented to help them improve their incomes, have sustainable livelihoods and a better quality of life.

    Gig workers of online platforms provide great dynamism to the new-age services economy. Recognising their contribution, our Government will arrange for their identity cards and registration on the e-Shram portal. They will be provided healthcare under PM Jan Arogya Yojana. This measure is likely to assist nearly 1 crore gig-workers.

    Finance Minister highlighted that the PM SVANidhi scheme has benefitted more than 68 lakh street vendors giving them respite from high-interest informal sector loans. Building on this success, the scheme will be revamped with enhanced loans from banks, UPI linked credit cards with ` 30,000 limit, and capacity building support.

    She highlighted that Under the Special Window for Affordable and Mid-Income Housing (SWAMIH) fifty thousand dwelling units in stressed housing projects have been completed, and keys handed over to home-buyers. Another forty thousand units will be completed in 2025, further helping middle-class families who were paying EMIs on loans taken for apartments, while also paying rent for their current dwellings.

    Building on this success, SWAMIH Fund 2 will be established as a blended finance facility with contribution from the Government, banks and private investors. This fund of ` 15,000 crore will aim for expeditious completion of another 1 lakh units.

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  • MIL-OSI Asia-Pac: UNION BUDGET 2025-26: BOOST TO SHIPPING AND AVIATION SECTOR

    Source: Government of India (2)

    UNION BUDGET 2025-26: BOOST TO SHIPPING AND AVIATION SECTOR

    MARITIME DEVELOPMENT FUND OF Rs 25,000 CRORE PROPOSED

    MODIFIED UDAN SCHEME TO CONNECT 120 NEW DESTINATIONS AND CARRY 4 CRORE PASSENGERS IN NEXT 10 YEARS

    GREENFIELD AIRPORTS AND WESTERN KOSHI CANAL PROJECT FOR BIHAR

    Posted On: 01 FEB 2025 1:11PM by PIB Delhi

    For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing this in her budget speech in the Parliament today, the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman said that this corpus will be for distributed support and promoting competition in the maritime industry. The fund will have up to 49 per cent contribution by the Government, and the balance will be mobilized from ports and private sector.

    The Finance Minister stated that the Shipbuilding Financial Assistance Policy will be revamped to address cost disadvantages, which will also include Credit Notes for shipbreaking in Indian yards to promote the circular economy. Further, the large ships above a specified size are also proposed to be included in the infrastructure harmonized master list (HML). The Union Budget also proposes to facilitate ‘Shipbuilding Clusters’ in order to increase the range, categories and capacity of ships. This will include additional infrastructure facilities, skilling and technology to develop the entire ecosystem. Acknowledging that the shipbuilding has a long gestation period, the Finance Minister proposed to continue the exemption of Basic Customs Duty on raw materials, components, consumables or parts for the manufacture of ships for another ten years. She further proposed the same dispensation for ship breaking to make it more competitive.

    Praising the Regional Connectivity Scheme UDAN, Smt. Nirmala Sitharaman said in her speech that UDAN has enabled 1.5 crore middle-class people to meet their aspirations for speedier travel. The scheme has connected 88 airports and operationalized 619 routes. Inspired by that success, a modified UDAN scheme which will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years and this scheme will also support helipads and smaller airports in hilly, aspirational, and North East region districts, stated the Finance Minister. She also informed the house that the government will facilitate upgradation of infrastructure and warehousing for air cargo including high value perishable horticulture produce. Cargo screening and customs protocols will also be streamlined and made user-friendly.

    Giving infrastructure fillip to the state of Bihar, the Union Finance Minster proposed that the Greenfield airports will be facilitated in Bihar to meet the future needs of the State. These will be in addition to the expansion of the capacity of Patna airport and a brownfield airport at Bihta. Financial support will also be provided for the Western Koshi Canal ERM Project benefitting a large number of farmers cultivating over 50,000 hectares of land in the Mithilanchal region of Bihar.

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  • MIL-OSI Asia-Pac: 50,000 ATAL TINKERING LABS IN GOVERNMENT SCHOOLS IN NEXT 5 YEARS

    Source: Government of India (2)

    50,000 ATAL TINKERING LABS IN GOVERNMENT SCHOOLS IN NEXT 5 YEARS

    BHARATIYA BHASHA PUSTAK SCHEME TO PROVIDE DIGITAL-FORM INDIAN LANGUAGE BOOKS

    ALLOCATION OF RS 20,000 CRORE TO IMPLEMENT PRIVATE SECTOR DRIVEN RESEARCH, DEVELOPMENT AND INNOVATION

    PROVISION OF 10,000 FELLOWSHIPS FOR TECHNOLOGICAL RESEARCH IN IITs AND IISC UNDER PM RESEARCH FELLOWSHIP SCHEME

    5 NATIONAL CENTRES OF EXCELLENCE FOR SKILLING TO EQUIP YOUTH FOR “MAKE FOR INDIA, MAKE FOR THE WORLD” MANUFACTURING

    CENTRE OF EXCELLENCE IN ARTIFICIAL INTELLIGENCE FOR EDUCATION WITH TOTAL OUTLAY OF RS 500 CRORE

    Posted On: 01 FEB 2025 1:09PM by PIB Delhi

    While presenting the Union Budget 2025-26 in the Parliament today, the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman proposed various development measures for nurturing innovation.

    The Union Finance Minister announced to set up Fifty thousand Atal Tinkering Labs in Government schools in next 5 years to cultivate the spirit of curiosity and innovation, and foster a scientific temper among young minds. The Union Budget also proposes to provide Broadband connectivity to all Government secondary schools and primary health centres in rural areas under the Bharatnet project.

    On higher education, the Union Budget 2025-26 states that total number of students in 23 IITs has increased 100 per cent from 65,000 to 1.35 lakh in the past 10 years. Additional infrastructure will be created in the 5 IITs started after 2014 to facilitate education for 6,500 more students. Hostel and other infrastructure capacity at IIT, Patna will also be expanded.

    With the aim to help students understand their subjects better, Smt. Nirmala Sitharaman has proposed to implement a Bharatiya Bhasha Pustak Scheme to provide digital-form Indian language books for school and higher education.

    The Union Finance Minister also announced to set up five National Centres of Excellence for skilling with global expertise and partnerships to equip youth with the skills required for “Make for India, Make for the World” manufacturing. The partnerships will cover curriculum design, training of trainers, a skills certification framework, and periodic reviews.

    The Union Budget also announced to set up a Centre of Excellence in Artificial Intelligence for education with a total outlay of Rs 500 crore.

    While presenting the Budget, Smt. Nirmala Sitharaman announced to allocate Rs 20,000 crore to implement private sector driven Research, Development and Innovation. In the next five years, under the PM Research Fellowship scheme, provision of ten thousand fellowships for technological research in IITs and IISc with enhanced financial support is also proposed in the Budget.

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  • MIL-OSI Asia-Pac: ENHANCED NUTRITIONAL SUPPORT UNDER SAKSHAM ANGANWADI AND POSHAN 2.0 PROGRAMME

    Source: Government of India (2)

    ENHANCED NUTRITIONAL SUPPORT UNDER SAKSHAM ANGANWADI AND POSHAN 2.0 PROGRAMME

    DAY CARE CANCER CENTRES TO BE SET UP IN ALL DISTRICT HOSPITALS; 200 CENTRES TO BE SET UP IN 2025-26

    MEDICAL TOURISM AND HEAL IN INDIA TO BE PROMOTED IN PARTNERSHIP WITH PRIVATE SECTOR

    36 LIFESAVING DRUGS AND MEDICINES FULLY EXEMPTED FROM BASIC CUSTOMS DUTY

    Posted On: 01 FEB 2025 1:07PM by PIB Delhi

    Investment is the 3rd engine of development encompassing investing in people, investing in the economy and investing in innovation, said the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2025-26 in the Parliament today.

    As part of investing in people, the Union Budget 2025-26 proposes to enhance the cost norms for the nutritional support under Saksham Anganwadi and Poshan 2.0 programme. The programme provides nutritional support to more than 8 crore children, 1 crore pregnant women and lactating mothers all over the country, and about 20 lakh adolescent girls in aspirational districts and the north-east region.

    The Union Finance Minister, in her Budget Speech, announced to facilitate setting up of Day Care Cancer Centres in all district hospitals in the next 3 years. 200 Centres will be established in 2025-26. The Budget also highlights that in the next year, 10,000 additional seats will be added in medical colleges and hospitals, towards the goal of adding 75,000 seats in the next 5 years.

    The Finance Minister informed that the Medical Tourism and Heal in India will be promoted in partnership with the private sector along with capacity building and easier visa norms.

    Relief on import of Drugs/Medicines

    To provide relief to patients, particularly those suffering from cancer, rare diseases and other severe chronic diseases, the Union Finance Minister has proposed to add 36 lifesaving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty (BCD).

    The Finance Minister also proposed to add 6 lifesaving medicines to the list attracting concessional customs duty of 5%. Full exemption and concessional duty will also respectively apply on the bulk drugs for manufacture of the above.

    The Budget also specified that drugs and medicines under Patient Assistance Programmes run by pharmaceutical companies are fully exempt from BCD, provided the medicines are supplied free of cost to patients. Budget proposes to add 37 more medicines along with 13 new patient assistance programmes.

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  • MIL-OSI Asia-Pac: AS PART OF 3RD ENGINE OF INVESTMENT IN ECONOMY, UNION FINANCE MINISTER PROPOSES MULTI-SECTORAL REFORMS IN PUBLIC PRIVATE PARTNERSHIPS, SUPPORT TO STATES, ASSET MONETISATION, MINING, AND DOMESTIC MANUFACTURING

    Source: Government of India (2)

    AS PART OF 3RD ENGINE OF INVESTMENT IN ECONOMY, UNION FINANCE MINISTER PROPOSES MULTI-SECTORAL REFORMS IN PUBLIC PRIVATE PARTNERSHIPS, SUPPORT TO STATES, ASSET MONETISATION, MINING, AND DOMESTIC MANUFACTURING

    UNION BUDGET 2025-26 PROPOSES TO FULLY EXEMPT COBALT POWDER AND WASTE, SCRAP OF LITHIUM-ION BATTERY, LEAD, ZINC AND 12 MORE CRITICAL MINERALS

    Posted On: 01 FEB 2025 1:06PM by PIB Delhi

    As part of the 3rd engine of investment in economy, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman proposed multi-sectoral reforms encompassing Public Private Partnerships, support to States, Asset Monetisation Plan for 2025-2030, mining sector, and support to domestic manufacturing, while presenting the Union Budget 2025-26 in Parliament, today.

    Public Private Partnership in Infrastructure

    Smt. Sitharaman proposed that each infrastructure-related ministry will come up with a 3-year pipeline of projects that can be implemented in PPP mode, and States will also be encouraged to initiate and seek support from the India Infrastructure Project Development Fund (IIPDF) scheme to prepare PPP proposals.

    Support to States for Infrastructure

    The Union Finance Minister proposed an outlay of ₹1.5 lakh crore for the 50-year interest free loans to states for capital expenditure and incentives for reforms.

    Asset Monetisation Plan 2025-30

    Building on the success of the first Asset Monetisation Plan announced in 2021, Smt. Sitharaman proposed to launch the Second Plan for 2025-30 to plough back capital of ₹10 lakh crore in new projects with fine-tuning of the regulatory and fiscal measures to support the Plan.

    Mining Sector Reforms

    The Union Finance Minister proposed mining sector reforms, including those for minor minerals, through sharing of best practices and institution of a State Mining Index.

    PM Gati Shakti Data for Private Sector

    Smt. Sitharaman proposed to provide access to relevant data and maps from the PM Gati Shakti portal for furthering PPPs and assisting the private sector in project planning.

    Support to Domestic Manufacturing and Value addition Critical Minerals

    The Union Finance Minister proposed to fully exempt cobalt powder and waste, the scrap of lithium-ion battery, Lead, Zinc and 12 more critical minerals to secure their availability for manufacturing in India and promote more jobs for India’s youth.

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  • MIL-OSI Asia-Pac: A HIGH-LEVEL COMMITTEE FOR REGULATORY REFORMS TO BE SET UP FOR REVIEW OF ALL NON-FINANCIAL SECTOR REGULATIONS, CERTIFICATIONS, LICENSES, AND PERMISSIONS

    Source: Government of India (2)

    A HIGH-LEVEL COMMITTEE FOR REGULATORY REFORMS TO BE SET UP FOR REVIEW OF ALL NON-FINANCIAL SECTOR REGULATIONS, CERTIFICATIONS, LICENSES, AND PERMISSIONS

    GOVERNMENT TO LAUNCH AN INVESTMENT FRIENDLINESS INDEX OF STATES IN 2025

    JAN VISHWAS BILL 2.0 TO BE BROUGHT TO DECRIMINALIZE MORE THAN 100 PROVISIONS IN VARIOUS LAWS

    Posted On: 01 FEB 2025 1:04PM by PIB Delhi

    The Union Finance & Corporate Affairs Minister presented the Union Budget 2025-26 in the Parliament today.

    Regulatory Reforms

    In her Budget speech, the Union Finance Minister said that the Government is determined to ensure that the regulations must keep up with technological innovations and global policy developments. A light-touch regulatory framework based on principles and trust will unleash productivity and employment. Through this framework, regulations will be updated that were made under old laws.

    To develop this modern, flexible, people-friendly, and trust-based regulatory framework appropriate for the twenty-first century, Smt. Nirmala Sitharaman proposed four specific measures:

    High Level Committee for Regulatory Reforms

    A High-Level Committee for Regulatory Reforms will be set up for a review of all non-financial sector regulations, certifications, licenses, and permissions, the Union Finance Minister added. The committee will be expected make recommendations within a year. The objective is to strengthen trust-based economic governance and take transformational measures to enhance ‘ease of doing business’, especially in matters of inspections and compliances. States will be encouraged to join in this endeavour.  

    Investment Friendliness Index of States

    Smt. Nirmala Sitharaman added that an Investment Friendliness Index of States will be launched in 2025 to further the spirit of competitive cooperative federalism.

    FSDC Mechanism

    Under the Financial Stability and Development Council, a mechanism will be set up to evaluate impact of the current financial regulations and subsidiary instructions, the Union Finance Minister said. It will also formulate a framework to enhance their responsiveness and development of the financial sector.

    Jan Vishwas Bill 2.0

    Smt. Nirmala Sitharaman informed that the Government will now bring up the Jan Vishwas Bill 2.0 to decriminalize more than 100 provisions in various laws. In the Jan Vishwas Act 2023, more than 180 legal provisions were decriminalized.

    In the last ten years in several aspects, including financial and non-financial, our Government has demonstrated a steadfast commitment to ‘Ease of Doing Business’, the Union Finance Minister said.

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  • MIL-OSI Asia-Pac: UNION BUDGET 2025-26 IDENTIFIES TOURISM AS A SECTOR FOR EMPLOYMENT-LED GROWTH

    Source: Government of India (2)

    UNION BUDGET 2025-26 IDENTIFIES TOURISM AS A SECTOR FOR EMPLOYMENT-LED GROWTH

    TOP 50 TOURIST DESTINATION WILL BE DEVELOPED IN PARTNERSHIP WITH STATES THROUGH A CHALLENGE MODE

    MEDICAL TOURISM AND HEAL IN INDIA WILL BE PROMOTED IN PARTNERSHIP WITH THE PRIVATE SECTOR

    MANUSCRIPT HERITAGE WILL BE UNDERTAKEN TO COVER MORE THAN 1 CRORE MANUSCRIPTS

    Posted On: 01 FEB 2025 1:02PM by PIB Delhi

    Union Budget 2025-26 has identified tourism as a sector for employment-led growth.   Presenting Budget in Parliament today,  Finance Minister Smt. Nirmala Sitharaman said that facilitating employment-led growth include organizing intensive skill-development programmes for youth including hospitality management, MUDRA loans for homestays, improving ease of travel and connectivity to tourist destinations, introducing streamlined e-visa facilities and providing performance-linked incentives to states.

    She said that top 50 tourist destination sites in the country will be developed in partnership with states through a challenge mode. The Budget added that land for building key infrastructure including hotels will have to be provided by states and hotels in those destinations will be included in the infrastructure HML. Minister said that emphasis on places of spiritual and religious significance will be given and there will be a special focus on destinations related to the life and times of Lord Buddha. In her speech, Smt. Nirmala Sitharaman said that medical tourism and Heal in India will be promoted in partnership with the private sector along with capacity building and easier visa norms. 

     

    Gyan Bharatam Mission

    Finance Minister said that documentation and conservation of our manuscript heritage with academic institutions, museums, libraries and private collectors will be undertaken to cover more than 1 crore manuscripts. She added that Government will set up a National Digital Repository of Indian knowledge systems for knowledge sharing.

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  • MIL-OSI Asia-Pac: Empowering Rural Communities

    Source: Government of India (2)

    Posted On: 01 FEB 2025 4:07PM by PIB Delhi

    Flagship Schemes Driving Growth

     

    The Government of India has launched several flagship schemes aimed at fostering inclusive rural development, poverty alleviation, and livelihood enhancement. These initiatives, implemented under the Ministry of Rural Development and other key departments, address critical areas such as employment generation, housing, infrastructure, skill development, and social welfare.

    Mahatma Gandhi NREGA

    The vision of Mahatma Gandhi NREGA is to enhance the livelihood security of rural households across the country by providing at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. Mahatma Gandhi NREGA recognizes the importance of strengthening the livelihood resource base of the poor by reaching the most vulnerable sections of rural areas, including Scheduled Castes, Scheduled Tribes, women-headed households, and other marginalized groups.

    Mission Antyodaya

    Adopted in Union Budget 2017-18, Mission Antyodaya is a convergence and accountability framework aiming to bring optimum use and management of resources allocated by 26 Ministries / Department of the Government of India under various programmes for the development of rural areas. It is envisaged as state-led initiative with Gram Panchayats as focal points of convergence efforts.

    Deendayal Antyodaya Yojana – National Rural Livelihoods Mission

    The DAY-NRLM scheme is a comprehensive initiative designed to empower rural women and enhance their livelihoods by fostering community institutions that provide crucial financial, technical, and marketing resources. It emphasizes social inclusion through Social Behaviour Change Communication (SBCC) and facilitates access to government schemes like Swachh Bharat Mission and Poshan Abhiyan, ensuring multi-sectoral convergence. 

     

     

    Pradhan Mantri Awas Yojana –Gramin

    The Pradhan Mantri Awas Yojana Gramin was launched on 20th November 2016, aiming to provide housing for the poorest segments of society. Beneficiaries are selected through a rigorous three-stage validation process that includes the Socio-Economic Caste Census (SECC 2011) and Awaas+ (2018) surveys, Gram Sabha approvals, and geo-tagging. This ensures that aid reaches the most deserving individuals.

    Sl. No.

    Key Parameter Indicators

    Status as on 31.01.25

    1

    Target

    3,79,37,139

    2

    Beneficiaries Registered

    3,70,94,350

    4

    House Sanctioned

    3,31,96,085

    5

    House Completed

    2,69,47,215

    PMAY-G Progress

    Pradhan Mantri Gram Sadak Yojana (PMGSY)

    The Pradhan Mantri Gram Sadak Yojana (PMGSY), was launched by the Govt. of India to provide connectivity to unconnected Habitations as part of a poverty reduction strategy. Govt. of India is endeavoring to set high and uniform technical and management standards and facilitating policy development and planning at State level in order to ensure sustainable management of the rural roads network.

    PMGSY Progress

    National Social Assistance Programme (NSAP)

    The National Social Assistance Programme (NSAP) is a welfare programme being administered by the Ministry of Rural Development. This programme is being implemented in rural areas as well as urban areas. NSAP represents a significant step towards the fulfilment of the Directive Principles of State Policy enshrined in the Constitution of India which enjoin upon the State to undertake within its means a number of welfare measures. These are intended to secure for the citizens adequate means of livelihood, raise the standard of living, improve public health, provide free and compulsory education for children etc.

     

    Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

    The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) on Antyodaya Diwas – 25th September 2014. DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.

    Cumulative progress till 2024-25

    Rural Self Employment Training Institutes (RSETIs)

    RSETIs are managed by Banks with active co-operation from the Government of India and State Government. These are Dedicated institutions designed as to ensure necessary skill training and skill up gradation of the rural BPL youth to mitigate the unemployment problem. After successful completion of the training, they will be provided with credit linkage assistance by the banks to start their own entrepreneurial ventures.

    Namo Drone Didi

    On 15th August, 2023, the Hon’ble Prime Minister Shri Narendra Modi announced the launch of the “Namo Drone Didi” Yojana which aimed to empower women by hand holding them into a sustainable business model where they can increase their income by more than Rs 1 Lakh, and transforming the modern farming ecosystem with drone technology.

    Rashtriya Gram Swaraj Abhiyan (RGSA)

    The scheme was approved by the Union Cabinet on 21.04.2018 for implementation from Financial Year 2018-19 to 2021-22. The primary aim of RGSA was to strengthen PRIs for achieving Sustainable Development Goals (SDGs) with main thrust on convergence with Mission Antyodaya and emphasis on strengthening PRIs in 117 Aspirational districts.

    The Government of India’s flagship rural development schemes have played a transformative role in enhancing livelihoods, improving infrastructure, and fostering socio-economic inclusion. By prioritizing employment generation, housing, skill development, and financial empowerment, these initiatives have significantly contributed to rural prosperity.

    References

    https://nreganarep.nic.in/netnrega/MISreport4.aspx

    https://dashboard.rural.nic.in/dashboardnew/ddugky.aspx

    https://nsap.nic.in/

    https://omms.nic.in/dbweb

    https://namodronedidi.php-staging.com/about-scheme

    Click here for pdf file 

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks on Union Budget 2025-26

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi’s remarks on Union Budget 2025-26

    Viksit Bharat Budget 2025-26 will fulfill the aspirations of 140 crore Indians: PM

    Viksit Bharat Budget 2025-26 is a force multiplier: PM

    Viksit Bharat Budget 2025-26 empowers every citizen: PM

    Viksit Bharat Budget 2025-26 will empower the agriculture sector and give boost to rural economy: PM

    Viksit Bharat Budget 2025-26 greatly benefits the middle class of our country: PM

    Viksit Bharat Budget 2025-26 has a 360-degree focus on manufacturing to empower entrepreneurs, MSMEs and small businesses: PM

    Posted On: 01 FEB 2025 3:58PM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks on the Union Budget 2025-26 via video message today. Highlighting that today marked an important milestone in the journey of India’s development, Shri Modi remarked that this budget reflects the aspirations of 140 crore Indians and fulfills the dreams of every citizen. He highlighted that several sectors were opened up for the youth, and the common citizen will drive the mission of Viksit Bharat (Developed India). The Prime Minister emphasized that this budget is a force multiplier which would increase the savings, investment, consumption, and growth. He congratulated the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman and her team for this ‘People’s Budget’. 

    Prime Minister remarked that typically, the focus of the budget is on how to fill the Government’s treasury. However, he said this budget focused on how to fill the pockets of the citizens, increase their savings, and make them partners in the country’s development. He emphasized that this budget lays the foundation for these goals.

    “Significant steps have been taken towards reforms in this budget”, said Shri Modi and highlighted the historic decision to promote the private sector in nuclear energy. He added that civil nuclear energy will ensure a significant contribution to the country’s development in the future. He emphasized that all employment sectors were given priority in the budget. Pointing out two major reforms that will bring significant changes in the coming time, Shri Modi said that  granting infrastructure status to shipbuilding will boost the construction of large ships in India, accelerating the Atmanirbhar Bharat Abhiyaan and including hotels at 50 tourist destinations under the infrastructure category will significantly boost tourism, providing new energy to the hospitality sector, which is the largest employment sector. The Prime Minister stated that the country was progressing with the mantra of “Vikas bhi, Virasat bhi” (Development and Heritage). He mentioned that significant steps were taken in this budget to preserve one crore manuscripts through the launch of the Gyan Bharatam Mission. Additionally, a National Digital Repository inspired by Indian knowledge traditions will be created.

    Remarking that the announcements made in the budget for farmers will lay the foundation for a new revolution in the agricultural sector and the entire rural economy, Shri Modi highlighted that under the PM Dhan-Dhanya Krishi Yojana, irrigation and infrastructure development will take place in 100 districts. He emphasized that increasing the limit of the Kisan Credit Card from ₹3 lakh to ₹5 lakh will provide greater assistance to farmers.

    Highlighting that the budget has exempted income up to ₹12 lakh from tax, the Prime Minister said tax reductions were made for all income groups, which will greatly benefit the middle class and those who have been newly employed. 

    “The budget has a 360-degree focus on manufacturing to strengthen entrepreneurs, MSMEs, and small businesses, creating new jobs”, emphasised the Prime Minister. He highlighted that sectors like clean tech, leather, footwear, and the toy industry had received special support under the National Manufacturing Mission. He stressed that the goal was clear to ensure Indian products to shine in the global market.

    Pointing that the budget places special emphasis on creating a vibrant and competitive investment environment in the states, Shri Modi  highlighted the announcement to double the credit guarantee for MSMEs and startups. He mentioned the introduction of a scheme to provide loans up to ₹2 crore without guarantee for SC, ST, and women first- time entrepreneurs. He emphasized the significant announcement for gig workers, with their registration on the e-Shram portal for the first time, enabling them to access healthcare and other social security schemes. The Prime Minister stated that this reflects the Government’s commitment to the dignity of labor. He highlighted that regulatory and financial reforms, such as Jan Vishwas 2.0, will strengthen the commitment to minimum government and trust-based governance.

    Concluding his address, the Prime Minister remarked that this budget not only addresses the current needs of the country but also helps in preparing for the future. He highlighted the initiatives for startups, including the Deep Tech Fund, Geospatial Mission, and Nuclear Energy Mission. He extended his congratulations to all citizens for this historic budget.

     

     

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  • MIL-OSI Asia-Pac: Building a Future-Ready India

    Source: Government of India (2)

    Posted On: 01 FEB 2025 3:05PM by PIB Delhi

    Schemes Driving Skill Development and Empowerment

     

    Introduction

     

    India’s Skill India Mission (SIM), driven by the Ministry of Skill Development and Entrepreneurship, is equipping youth with essential industry-relevant skills through various programs like Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Jan Shikshan Sansthan (JSS). These initiatives focus on skill development, re-skilling and up-skilling, empowering millions with the tools needed for sustainable careers. By bridging the skill gap, fostering innovation, and creating new job opportunities, SIM is paving the way for a self-reliant and developed India (Atmanirbhar and Viksit Bharat).

     

    Pradhan Mantri Kaushal Vikas Yojana

    Launch Date: PMKVY was introduced in 2015, and its 4.0 version is being implemented from FY 2022 to 2026.

    Objective: To encourage and promote skill development in the country by providing free short-duration skill training and incentivizing youth for skill certification.

    Key Achievements:

    1. PMKVY 1.0 successfully trained over 19.86 lakh candidates.
    2. Since 2015, the scheme has trained/oriented 1.48 crore candidates by 30th June, 2024.

    Jan Shikshan Sansthan (JSS)

    Launch Date: Transferred from Ministry of Education (erstwhile Ministry of Human Resource Development) to Ministry of Skill Development & Entrepreneurship in July, 2018.

    Objective: Aims to provide vocational training to non-literates, neo-literates as well as school drop-outs in rural regions by identifying skills that have a relevant market in that region.

    Key Achievements: 

    1. 4,29,762 beneficiaries enrolled, with 2,45,239 trained, 2,38,048 assessed and 2,37,729 certified under JSS.
    2. 32 States & UTs, 283 districts, 289 JSS, and 11,338 JSS sub-centers engaged in FY 2024-25. (Data pertains to FY 2024-25 as of 28.01.2025).

    PM Vishwakarma Yojana

    Launch Date: 17th September, 2023

    Objective: The Scheme aims to provide end-to-end support to artisans and craftspeople of 18 trades who work with their hands and tools. The Scheme components include recognition through PM Vishwakarma Certificate and ID Card, Skill Upgradation, Toolkit Incentive, Credit Support, Incentive for Digital Transactions and Marketing Support. PM Vishwakarma will be implemented as a Central Sector Scheme, fully funded by the Government of India, with an initial outlay of Rs 13,000 crore and is set to run for five years, until 2027-28.

    Key Achievements:

    1. As of January 28, 2025, a total of 2,64,97,537 applications have been submitted under the PM Vishwakarma Yojana, with 27,01,087 applications successfully registered.

    Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

    Launch: 25th September 2014.

     

    Objective: DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth. 

    Key Achievements:

    1. Under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), 65% of the candidates have been placed in gainful employment after completing their training. From FY 2014-15 a total of 16,90,046 candidates have been trained and 10,97,265 candidates have been placed till November, 2024.

    Rural Self Employment and Training Institutes (RSETIs)

    Launch: January 2009

     

    Objective: The scheme envisage framework for imparting good quality residential free training and post training follow up with credit linkage for sustained motivation among the trainees for promoting entrepreneurship among the rural youth. As RSETIs are Bank lead institutions they are prefixed with the name of the respective sponsor banks to give distinct identity.

    Key Achievements:

    1. A total of Rs. 89,639.09 Lakh has been released for RSETI from FY 2014-15 to FY 2024-25.
    2. As of January 1, 2025, a total of 54,03,231 candidates have been trained in the 2024-25 financial year, compared to 22,89,737 candidates trained in the 2016-17 financial year. 

    Click here to download PDF

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  • MIL-OSI Asia-Pac: Redefining Women’s Empowerment in India

    Source: Government of India (2)

    Posted On: 01 FEB 2025 2:58PM by PIB Delhi

    A Comprehensive Framework for Progress

     

    Synopsis

    The Ministry of Women and Child Development has spearheaded major initiatives to enhance women’s safety, security, and overall well-being. Key programs like Mission Shakti have supported 10.61 lakh women through One Stop Centres (OSCs), while the Women Helpline (181-WHL) has assisted lakhs of women in distress. Beti Bachao Beti Padhao (BBBP) has contributed to an improved Sex Ratio at Birth (SRB) from 918 (2014-15) to 930 (2023-24), and Gross Enrollment Ratio (GER) of girls in secondary schools has risen from 75.51% to 78% in the same period. For economic empowerment, Sakhi Niwas provides secure accommodation for working women, and Palna ensures daycare support. Nari Adalat offers grievance redressal at the Gram Panchayat level, while SANKALP serves as a resource hub for women’s welfare schemes. The total expenditure incurred under the Pradhan Mantri Mudra Yojana (PMMY) has consistently increased over the years, rising from ₹1,478.73 crore in 2021-22 to ₹1,814.86 crore in 2023-24, reflecting the government’s continued support for micro and small enterprises. Health interventions have also yielded positive results. Maternal Mortality Rate (MMR) has dropped from 130 per lakh live births (2014-16) to 97 (2018-20). Mission Saksham Anganwadi & Poshan 2.0 supports 9.88 crore beneficiaries, with 6.77 lakh AWCs having their own buildings, 9.93 lakh AWCs with functional toilets, and 12.31 lakh AWCs with drinking water access.

     

    The empowerment of women is a transformative process that ensures women have equal access to opportunities in all areas of life: economic, cultural, social, and political. This not only enhances their individual potential but also contributes to societal progress. India has made remarkable strides in empowering women, focusing on their safety, security, economic independence, and social inclusion. This document outlines some of the key programs driving India’s progress in women’s empowerment, demonstrating the nation’s commitment to creating a more equitable and inclusive society.

     

    Mission Shakti

     

     

    The Ministry has formulated ‘Mission Shakti’, an Integrated Women Empowerment Programme, as Umbrella Scheme for the Safety, Security and Empowerment of Women for implementation during the 15th Finance Commission period from 2021-22 to 2025-26. This initiative has been instrumental in improving the lives of women across the country through its two main verticals: Sambal (for safety and security) and Samarthya (for empowerment).

     

    One Stop Centres (OSCs)

     

    One Stop Centres provides integrated support and assistance under one roof to women affected by violence and those in distress, both in private and public spaces. It provides services like medical aid, legal aid and advice, temporary shelter, police assistance and psycho-social counselling to needy women. Since inception until 31 2024, 10,61,337 women have received assistance through OSCs, demonstrating a significant impact in providing protection and rehabilitation.

     

    Women Helpline (181-WHL)

    WHL is a component of Sambal vertical under Mission Shakti, aims to provide 24x7x365 emergency and non-emergency response through telephonic short-code 181 to women, both in public and private spaces by linking them with appropriate authorities such as Police, One Stop Centres, Hospitals, Legal Services Authorities etc. Additionally, it provides information about women welfare schemes and programs.

    Data till 31 December 2024

     

    Beti Bachao Beti Padhao (BBBP)

    BBBP scheme was launched on 22nd January 2015. The scheme aims to prevent gender biased sex selective elimination, ensure survival and protection of girl child and also to ensure education of the girl child.

    As per the latest reports of Health Management Information System (HMIS) of Ministry of Health &Family welfare (MoHFW) reveal that SRB is showing improving trends and has increased from 918 in 2014-15 to 930 (Provisional) in 2023-24 at national level. Gross enrollment ratio of girls in the schools at secondary level has increased from 75.51 percent in (2014-15) to 78 percent in (2023-24) [as per UDISE-data, MoE].

    Nari Adalat

    Nari Adalat aims for providing women with an alternate Grievance Redressal Mechanism for resolving cases of petty nature (harassment, subversion, curtailment of rights or entitlements) faced by them at Gram panchayat level by negotiation, mediation, and reconciliation with mutual consent for speedy, accessible, and affordable justice. It is also used as a platform for awareness of right, entitlements, social facilitation and hand holding of women centric organizations.

    Data till 31 December 2024

     

    Shakti Sadans

     

    Shakti Sadan Scheme is an Integrated Relief and Rehabilitation Home for women in distressful situations including trafficked women. It aims at creating a safe and enabling environment for the women in such difficult situations, to enable them to overcome the adverse circumstances.

     

    Palna

     

    The Government of India has decided to provide the day-care creche facilities through the component of Palna. Anganwadi centres are the world’s largest childcare institutions dedicated to providing essential care and support to children ensuring delivery of care facilities till the last mile. This will ensure whole day childcare support ensuring their well-being in a safe and secure environment. The objective of Palna component is to provide quality creche facility in safe and secure environment for children.

    Data till 31 December 2024

     

    Sakhi Niwas

     

    The objective of the Scheme is to provide safe, secure, conveniently located, and affordable accommodation for women who are in the workforce and/or aspire to join the workforce. The scheme also makes a provision of Day Care Centre for children of the residents of the Sakhi Niwas.

    Data till 31 December 2024

     

    Pradhan Mantri Matru Vandana Yojana (PMMVY)

     

    The Pradhan Mantri Matru Vandana Yojana (PMMVY) provides financial compensation for loss of wages due to pregnancy and childbirth. The scheme, previously limited to the first child, has now been extended to cover the second child if the child is a girl—a progressive step towards promoting gender equality.

    SANKALP

     

    The SANKALP: HEW (Hub for Empowerment of Women) will serve as a vehicle to bridge the information and knowledge gap regarding schemes and facilities available for women as well as guide them to avail the benefits and entitlements. It will also serve as a Project Monitoring Unit (PMU) for all components under Mission Shakti and will work in convergence with the Beti Bachao Beti Padhao (BBBP) scheme.

    Data till 31 December 2024

     

    Mission Saksham Anganwadi and Poshan 2.0

     

    The Government of India approved “Mission Saksham Anganwadi and Poshan 2.0” (also referred to as Mission Poshan 2.0) which is a strategic shift in mission mode to develop practices that nurture health, wellness, and immunity from malnutrition. With 13,99,890 Anganwadi Centers (AWCs) operating across 36 States/UTs and 781 districts, the mission aims to enhance the health, wellness, and immunity of children, adolescent girls, pregnant women, and lactating mothers. Supported by 13,31,622 Anganwadi Workers, it ensures nutritional benefits reach 9,88,74,477 eligible beneficiaries. Infrastructure improvements include 6,77,349 AWCs with their own buildings, 9,93,863 with functional toilets, and 12,31,201 with access to drinking water. Additionally, in December 2024, 12,93,863 AWCs operated for at least 15 days, 11,86,509 for at least 21 days, and 8,54,395 for at least 25 days.

    Beneficiaries under Poshan Abhiyaan

    Data as on 31 December 2024

     

    Decreased Maternal Mortality Ratio

     

    India’s Maternal Mortality Rate (MMR) has significantly declined from 130 per lakh live births (2014-16) to 97 per lakh live births (2018-20), reflecting improved maternal healthcare services, institutional deliveries, and strengthened healthcare interventions.

    Conclusion

     

    The ongoing efforts to promote women’s empowerment have led to tangible improvements in multiple areas, from social and economic participation to access to essential services. By addressing key challenges and ensuring a supportive ecosystem, these measures have played a crucial role in enhancing women’s autonomy and decision-making power. Continued focus on inclusive policies, awareness, and institutional strengthening will be essential in building a more equitable society where every woman can thrive and contribute to the nation’s development.

     

    References

    RAJYA SABHA UNSTARRED QUESTION NO. 2720 Session 266

    RAJYA SABHA UNSTARRED QUESTION NO. 2717 Session 266

    Annual Report 2023-24: https://wcd.gov.in/documents/uploaded/1732020683.pdf

    https://missionshakti.wcd.gov.in/

    LOK SABHA UNSTARRED QUESTION NO. 1931 session III

    Click here to download PDF

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  • MIL-OSI Asia-Pac: Strengthening Diversity

    Source: Government of India (2)

    Strengthening Diversity

    India’s Efforts to Empower Minority Communities

    Posted On: 01 FEB 2025 2:53PM by PIB Delhi

    Introduction

    India is a diverse nation where the empowerment of minority communities is a top priority for the government. The Ministry of Minority Affairs has launched several programs to support the six officially recognized minority groups—Muslims, Christians, Sikhs, Buddhists, Jains, and Zoroastrians (Parsis)—on socio-economic fronts. With minorities making up 19.3% of the population, these efforts are focused on reducing disparities and promoting the inclusion of minorities in India’s overall development.

    Post-Matric Scholarship Scheme

    Launch Date: November 2007

    Objective: To award scholarships to meritorious students belonging to economically weaker sections of minority community so as to provide them better opportunities for higher education, increase their rate of attainment in higher education and enhance their employability.

    Key Achievements:

    • In 2008-09, ₹70.63 crores were released, whereas in 2023-24, the allocation surged to ₹1000 crores (RE).

    Pre-Matric Scholarship Scheme

    Launch Date: 1st April 2008

    Objective: The scholarship will encourage parents from minority communities to send their school going children to school, lighten their financial burden on school education and sustain their efforts to support their children to complete school education. The scheme will form the foundation for their educational attainment and provide a level playing field in the competitive employment arena. Empowerment through education, which is one of the objectives of this scheme, has the potential to lead to upliftment of the socio economic conditions of the minority communities.

    Key Achievements:

    • In 2008-09, ₹62.21 crores were released. This increased to ₹113 crores in 2014-15. By 2023-24, the allocation further rose to ₹400 crores (RE). This steady rise reflects a significant increase in financial commitment over the years.

     

    National Minorities Development and Finance Corporation (NMDFC)

    Launch Date: The National Minorities Development & Finance Corporation (NMDFC) was incorporated on 30th September 1994, as a company not for profit under Section 25 of the Companies Act 1956 (now Section-8 of Companies Act,2013). It is a National Level Apex Body for the benefit of Minorities as defined under the National Commission for Minorities Act 1992.

    Objective: NMDFC provides concessional credit for self-employment and income generating activities for the socioeconomic development of the ‘backward sections’ amongst the notified Minorities.

    Key Achievements:

    • In 2014-15, ₹2 crores were released, whereas in 2023-24, the amount increased to ₹3 crores.

    Haj Pilgrimage

    Launch Date: Haj pilgrimage including administration of the Haj Committee Act, 2002 and Rules made there under has been transferred from the Ministry of External Affairs to the Ministry of Minority Affairs from 1st October, 2016.

    Objective: The Government of India recognizing the significance of Haj has made provisions to facilitate the pilgrimage, particularly for low-income individuals.

     

    Key Achievements:

    In 2014-15 the expenditure was ₹9.75 crores which in 2023-24, rose to ₹83.51 crores. This rise over the years reflects increased spending and financial commitment in the sector.

    Jiyo Parsi Scheme

    Launch Date: Jiyo Parsi is a unique Central Sector Scheme for arresting the population decline of the Parsi Community. The scheme was launched in 2013-14.

     Objective: Unique Central Sector Scheme with an objective to reverse the declining trend of Parsi population by adopting scientific protocol and structured interventions to stabilize their population in India.

    Key Achievements:

    • In 2014-15, under the ‘Jiyo Parsi’ scheme, a total of Rs. 14,55,252 was allocated for medical assistance, while Rs. 17,03,500 was released for advocacy and outreach programs.
    • In 2023-24, ₹3 crores were released for the scheme.
    • Since inception, the scheme has enabled birth of more than 400 Parsi children till 31.03.2024.

     

    In addition to the previously mentioned schemes, the Pradhan Mantri Vikas Karyakram for Minorities (PM VIKAS) incorporates five programs—Seekho Aur Kamao, Nai Manzil, USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development), Nai Roshni, and Hamari Dharohar. Furthermore, the Pradhan Mantri Jan Vikas Karyakram (PMJVK) has been implemented to reduce socio-economic disparities in 1300 identified areas across the country. These integrated initiatives work collectively to bridge gaps, promote the welfare of minority communities, and ensure their full inclusion and empowerment in India’s broader development.

    Strengthening Diversity 

    ***

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  • MIL-OSI Asia-Pac: India’s Growing Focus on Youth and Sports

    Source: Government of India

    Posted On: 01 FEB 2025 2:49PM by PIB Delhi

    “I and you, we should all encourage people for a Viksit Bharat. We should motivate especially young minds to realize this dream.”

    ~ Prime Minister Shri Narendra Modi

     

    Introduction

     

    India has the largest youth population in the world, with about 65% of its people under the age of 35. Recognizing the potential of this demographic dividend, the Ministry of Youth Affairs and Sports plays a crucial role in youth development and sports promotion. It focuses on personality-building, skill enhancement, and fostering national integration through various initiatives. The Ministry operates through two key departments:

    • Department of Youth Affairs – Engages youth in leadership, employment, and community-building programs.
    • Department of Sports – Develops infrastructure, supports athletes, and promotes competitive sports.

    Over the years, the Ministry has launched several initiatives to empower youth, enhance sports participation, and improve India’s international standing in sports.

     

    Overview of Budget Allocation

     

    Under the visionary leadership of Prime Minister, the Government of India has prioritized sports and youth affairs, boosting the ecosystem with comprehensive support. The Budget allocation for the Ministry of Youth Affairs and Sports has seen a significant rise, from Rs. 466 crores in 2004-05 to Rs. 3397.32 crores for FY 2023-24. This marks an 11% increase compared to FY 2022-23 and is the highest since 2010. The allocation is over three times that of 2011-12 and nearly double that of 2014-15.

     

    Khelo India – National Programme for Development of Sports

    The Khelo India Scheme, launched in 2016-17, has seen significant financial growth over the years, reflecting the government’s commitment to promoting mass participation and excellence in sports across India. The scheme aims to foster sports culture and achieve sporting excellence nationwide

    It encourages sports participation throughout the country, leveraging sports’ holistic influence for the development of children and youth, community development, social integration, gender equality, a healthy lifestyle, national pride, and economic opportunities related to sports development.

     

    2017-18 to 2019-20:

    • Financial outlay of Rs. 1756 crore approved for three years to revamp the scheme.

     2020-21:

    • Budget of Rs. 328.77 crore allocated for one

    2021-22 to 2025-26:

    • Financial outlay increased to Rs. 3790.50 crore for five more years, marking a significant boost in funding to support a broader range of activities and enhance sports infrastructure.

    These increasing financial allocations over the years highlight the growing importance of sports development in India, with a clear focus on long-term growth and sustainability in the sector.

    Key Achievements:

    • 323 new sports infrastructure projects approved, totaling Rs. 3073.97 crore.
    • 1041 Khelo India Centres established for athlete training and development.
    • 32 Khelo India State Centres of Excellence notified.
    • 301 sports academies accredited for quality training.
    • 2781 Khelo India Athletes (KIAs) provided coaching, equipment, medical care, and monthly Out of Pocket Allowance (OPA).
    • 5939 national records and 1424 international records set by KIAs.
    • 124 KIAs contributed to India’s 42 medals, including 9 Golds, at the 2022 Asian Games.
    • 28 KIAs included in India’s contingent for the Paris 2024 Olympics.

    KHELO INDIA AT A GLANCE

    KIRTI (Khelo India Rising Talent Identification) is a government initiative aimed at identifying and nurturing sports talent across India. Launched in March 2024 with Phase 1, it focuses on identifying athletes from grassroots levels and combating issues like drug addiction and excessive screen time among children aged 9 to 18. Phase 2 inaugurated by Dr. Mansukh Mandaviya, Union Minister for Youth Affairs & Sports, on 19 July 2024 in New Delhi. The programme uses modern ICT tools and global best practices to create an accessible, athlete-centric talent identification system.

    The programme’s goal is to achieve 20 lakh assessments in the FY 2024-25 by onboarding all states and treating districts as units of assessment. The aim is to create a pool of talent capable of winning medals at global competitions like the Olympics and Asian Games.

    Nehru Yuva Kendra Sangathan (NYKS)

    Nehru Yuva Kendra Sangathan launched in 1972 with the aim of empowering rural youth and involving them in nation-building while enhancing their skills and personality. In 1987, the Nehru Yuva Kendra Sangathan (NYKS) was formed as an autonomous body under the Ministry of Youth Affairs and Sports to oversee these Kendras. NYKS is one of the largest grassroots-level youth organization globally, focusing on voluntary participation, self-help, and community involvement. Through a network of youth clubs in villages, NYKS actively engages young people in developmental activities, promoting community empowerment and youth leadership.

    Key Objectives:

    The primary objective of NYKS is to mobilize, organize, and empower rural youth to contribute to nation-building and community development. Its focus areas include:

    • Education, health, and sanitation
    • Awareness on social issues
    • Women empowerment and civic education
    • Disaster relief and rehabilitation
    • Skill development and self-employment​.

    Financial Outlays:

    • The budgetary allocation for NYKS has varied across years. As per 2024-25 Budget estimates, the allocation for NYKS stood at ₹ 426 crore.
    • 2008-09: ₹ 50.68 (Plan) and ₹ 38 crore (Non-Plan)​.
    • Restructured in 2016 under Rashtriya Yuva Sashaktikaran Karyakram (RYSK) for better resource utilization​.

    Key Achievements:

    1. Youth Skilling & Employment Support

    • 28,275 youth trained in vocational skills.
    • Career counseling conducted for job opportunities.

    2. Sports & Cultural Promotion

    • 11,263 youth clubs received sports materials.
    • 437 District Yuva Utsav programs held, involving 1.31 lakh youth.

    3. Clean India & Environmental Initiatives

    • 1.55 crore kg of waste collected across 1.68 lakh villages under Clean India 2.0.
    • 596 Swachhata Abhiyan drives conducted with 4.12 lakh youth volunteers.
    • 1.55 crore people engaged in Catch the Rain water conservation efforts.

    4. Community Engagement & National Programs

    • 4.04 lakh volunteers mobilized for community development.
    • 1,942 volunteers trained in disaster risk reduction with NDRF.
    • Namami Gange programs conducted across five states for river conservation.

    5. Major Celebrations & National Events

    • 19.71 lakh youth participated in National Unity Day.
    • 9.38 crore citizens reached through Har Ghar Tiranga.
    • 3.5 lakh youth celebrated National Youth Day across 10,305 activities.

     

    These initiatives have significantly contributed to youth empowerment, skill development, sports promotion, environmental conservation, and nation-building.

     

    Conclusion:

     

    India’s strategic focus on youth empowerment and sports development continues to yield remarkable results, with substantial investments and initiatives shaping a brighter future for the nation’s youth. The increasing budget allocations, along with successful programs like Khelo India and Nehru Yuva Kendra Sangathan, underscore the government’s commitment to fostering talent, promoting sports culture, and ensuring that opportunities are available for all, regardless of gender or geographic location. With continued emphasis on grassroots-level development and elite athlete support, India is poised for sustained growth and success on both the national and international sporting stage.

     

    References:

    India’s Growing Focus on Youth and Sports

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  • MIL-OSI Asia-Pac: India’s Startup Revolution

    Source: Government of India

    Posted On: 01 FEB 2025 2:44PM by PIB Delhi

    1.57 lakh startups and 17.28 lakh jobs mark a decade of progress

     

    India has firmly established itself as the third-largest startup ecosystem in the world, with over 1.57 lakh certificates issued by Department for Promotion of Industry and Internal Trade (DPIIT) for recognition of startups as of December 31, 2024. The nation’s entrepreneurial landscape, fuelled by more than 100 unicorns, is redefining innovation and creating new opportunities across sectors. Major hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have been at the forefront of this transformation, while smaller cities are increasingly contributing to the momentum with over 51% of the startups emerging from Tier II/ III cities. Through initiatives like Startup India, the government has played a pivotal role in nurturing this growth and empowering the next generation of entrepreneurs.

    Startup India

    Launched on 16th January 2016, Startup India is a flagship initiative by the Government of India to foster innovation and create a thriving startup ecosystem. Its goal is to drive economic growth and generate large-scale employment opportunities. By supporting startups in their

    growth journey, the initiative encourages innovation and design. Through various schemes, it aims to empower startups to scale and succeed.

     

     

    Progress and Impact:

     

    1. Startup Growth: The number of DPIIT-recognised startups has risen from around 502 in 2016 to 1,57,706 as of December 31, 2024.

     

    1. Job Creation: Startups have created over 17.28 lakh direct jobs as of December 31, 2024, with the IT Services sector leading at 2.10 lakh jobs, followed by Healthcare & Lifesciences (1.51 lakh) and Professional & Commercial Services (96,474).

     

    1. Women-Led Startups: As of December 31, 2024, a total of 75,935 recognised startups include at least one-woman director (as per self-reported data of recognized startups), showcasing the rise of women entrepreneurs in India.

     

    1. Ease of Doing Business & Tax Benefits: Simplified compliance, self-certification, and tax exemptions for three years have streamlined operations for startups.

     

     

    Startup India Seed Fund Scheme (SISFS)

    Launched in 2021 with a corpus of ₹945 crore, the SISFS supports startups at various stages, including proof of concept, prototype development, product trials, market entry, and commercialisation. The scheme, operational since 1st April 2021, is overseen by the Experts Advisory Committee (EAC), which evaluates and selects incubators for fund allocation.

    Progress and Impact:

     

     

    1. 213 incubators have been approved under the scheme as of December 2024.

     

    1. A total of 2,622 startups have benefited from ₹467.75 crore in funding as of December 2024.

     

    Fund of Funds for Startups (FFS) Scheme

    Launched in June 2016 with a corpus of ₹10,000 crore, the Fund of Funds for Startups (FFS) aims to boost access to domestic capital for startups. Managed by SIDBI, it funds SEBI- registered Alternative Investment Funds (AIFs), which then invest in startups through equity and equity-linked instruments.

     

    Progress and Impact:

     

    1. By 2024, ₹6,886 crores have been committed by DPIIT to SIDBI and ₹11,687 crore was committed by SIDBI to AIFs under the FFS scheme as of December 2024.

     

    1. This commitment catalyzed investments of ₹21,276 crore in 1,173 startups.

     

    Credit Guarantee Scheme for Startups (CGSS)

    The Credit Guarantee Scheme for Startups (CGSS) provides credit guarantees for loans to DPIIT-recognised startups from Scheduled Commercial Banks, NBFCs, and Venture Debt Funds. Implemented by the National Credit Guarantee Trustee Company Limited (NCGTC), it aims to offer credit guarantees up to a specified limit, easing access to funding for startups.

     

    Progress and Impact:

     

    1. As of January 3, 2025, the scheme has guaranteed 260 loans worth ₹604.16 crore to 209 startups.

     

    1. Among these, ₹27.04 crore has been allocated to 17 women-led startups.

    Other Notable Schemes                                                                                  

     

    Atal Innovation Mission (AIM)

     

    Launched in 2016 by NITI Aayog, the Atal Innovation Mission (AIM) aims to promote innovation and entrepreneurship across India. It includes initiatives like Atal Tinkering Labs at the school level to foster creativity, Atal Incubation Centres to build a robust startup ecosystem, and Atal Community Innovation Centres to serve unserved and underserved regions. The Atal New India Challenges focus on product and service innovations with national impact. All initiatives are monitored through real-time MIS systems, with third-party reviews for continuous improvement.

     

    Progress and Impact:

     

    1. Till date, 10,000 Atal Tinkering Labs have been established in schools across India under AIM.

     

    1. As of December 18, 2024, a total of 3,556 startups have been incubated in 72 Atal Incubation Centres (AICs), creating 41,965 jobs.

     

    MeitY Startup Hub (MSH)

    India is home to one of the most vibrant startup ecosystems with close to 30,000+ tech startups, making it the 3rd largest startup ecosystem in the world. The MeitY Startup Hub (MSH) aims to foster a vibrant innovation and startup ecosystem by uniting technology innovation stakeholders and promoting economic growth through innovation and technological advancement. It serves as a central hub, ensuring synergies among incubation centres, Centres of Excellence on Emerging Technologies, and other platforms supported by the Ministry of Electronics and Information Technology. MSH facilitates the sharing of resources, best practices, and ideas across the entire innovation and startup ecosystem.

     

    Progress and Impact:

     

    1. 5,310+ startups, 495+ incubators, and 328+ labs are part of the MeitY Startup Hub (MSH) scheme.

     

    Over the last 10 years, India’s startup ecosystem has experienced tremendous growth, becoming the third-largest in the world. With initiatives like Startup India, SISFS, CGSS, FFS, and sector-specific schemes such as AIM and MSH, the government has played a pivotal role in fostering innovation, creating jobs, and supporting entrepreneurs. This dynamic collaboration among stakeholders has strengthened the ecosystem, driving economic growth and empowering the next generation of innovators. Looking ahead, India’s startup landscape is set to reach even greater milestones.

     

    References:

     

    1. https://pib.gov.in/PressReleasePage.aspx?PRID=2093125
    2. https://www.pib.gov.in/Pressreleaseshare.aspx?PRID=1886031
    3. https://msh.meity.gov.in/
    4. https://aim.gov.in/overview.php
    5. https://sansad.in/getFile/loksabhaquestions/annex/183/AU3820_406x3D.pdf?source=pqals
    6. https://www.startupindia.gov.in/

    Click here to download PDF

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  • MIL-OSI Asia-Pac: Sowing Seeds of Nutrition Key Schemes Driving Food Security Across Nation

    Source: Government of India

    Posted On: 01 FEB 2025 2:42PM by PIB Delhi

    Introduction

    Food is a fundamental necessity and ensuring its accessibility while maintaining nutritional standards is crucial for overall well-being. To address this, the government has implemented several unique schemes that not only provide essential rations at fair prices but also focus on the nutrition of newborns and mothers. These initiatives are designed to promote holistic health and ensure that every citizen has access to both food and proper nutrition.

    Public Distribution System (PDS)

    The Public Distribution System (PDS) evolved as a system of management of scarcity through distribution of foodgrains at affordable prices. Over the years, PDS has become an important part of Government’s policy for management of food economy in the country.

    Key Achievements:

    1. 100% digitized ration cards/beneficiaries’ data under NFSA in all States/UTs. Details of almost 20.5 Crore ration Cards covering around 80.5 Crore beneficiaries are available on transparency portals of States/UTs.
    2. More than 99.8% Aadhaar seeding of ration cards (at least one member).
    3. About 99.6% (5.41 Lakh of total 5.43 Lakh) Fair Price Shops (FPSs) in the country are automated using electronic Point of Sale (ePoS) devices for transparent and ensured distribution of subsidized food grains to beneficiaries.
    4. Under distribution of food grains, more than 97% of the transactions have been recorded biometrically/Aadhaar authenticated by States/UTs.

    PM POSHAN (POshan SHAkti Nirman) Scheme

    Launch Date: Approved from 2021-22 to 2025-26

    Objective: The PM POSHAN (POSHAN Shakti Nirman) Scheme was earlier known as the National Programme for Mid-Day Meal in Schools. The initiative was first launched on 15th August 1995 under the name National Programme of Nutritional Support to Primary Education (NP-NSPE). Its goal has been to improve school enrollment, attendance and retention by offering nutritional support to primary school children. Over the years, the scheme expanded to cover upper primary classes in 2008-09 and was renamed as Mid-Day Meal Scheme, evolving in terms of coverage, food quantity and financial assistance.

    Key Achievements:

    1. National scheme of PM POSHAN in schools has been announced for the five-year period 2021-22 to 2025-26 with the financial outlay of ₹ 54061.73 crores from the Central Government and ₹ 31733.17 crore from State Governments & UT administrations.
    2. Central Government will also bear additional cost of about ₹ 45000 crore on food grains. Therefore, the total scheme budget will amount to ₹ 130794.90 crore.
    3. The budget released for the PM POSHAN Scheme rose from ₹6,539.52 crore in 2008-09 to ₹8,457.74 crore in 2023-24, marking an increase in funding for the scheme over the years.

    PM Formalization of Micro Food Processing Enterprises Scheme (PMFME)

    Launch Date: The scheme is operational for a period of five years from 2020-21 to 2025-26.

    Objective: With an outlay of Rs. 10,000 crore, the Ministry of Food Processing Industries has introduced the PMFME Scheme to offer financial, technical, and business support for upgrading existing micro food processing enterprises and establishing new units.

    Key Achievements:

    1. Project Cost Growth: The project cost under the PMFME Scheme increased from ₹390.99 crore in 2021-22 to ₹5,198.3 crore in 2023-24.
    2. Increase in Food Processing Units: The number of food processing units grew significantly from 2,885 in 2021-22 to 54,730 in 2023-24.
    3. Employment Generation: Employment generated through the scheme rose from 14,201 jobs in 2021-22 to 1,88,802 jobs in 2023-24.

    Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)

    Launch Date: Approved by the Union Cabinet on 31st March 2021 to be implemented from 2021-22 to 2026-27.

    Objective: With a budget of ₹10,900 crore under the scheme the Government provides financial incentives to promote Indian food brands abroad, supporting branding and marketing activities for Indian-branded consumer food products in global markets.

    Key Achievements:

     

    1. According to data reported by the scheme’s beneficiaries, an investment of ₹ 8,910 crore has been made across 213 locations. As of 31 October 2024, the scheme has reportedly generated employment of over 2.89 lakh.
    2. The project cost for the National PLISFPI Scheme was ₹663 crore in 2020-21, and it increased significantly to ₹8,910 crore in 2023-24, reflecting substantial growth and investment in the initiative.Nutr

    ition

    1. Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)
    2. Launch Date: March, 2020
    3. Objective: Objective: In the wake of economic disruptions caused by the unprecedented outbreak of COVID-19 in the country, the Government had announced the distribution of additional free-of-cost foodgrains (Rice/Wheat) to about 81.35 Crore National Food Security Act (NFSA) beneficiaries at the scale of 5 Kg per person per month under the PM Garib Kalyan Anna Yojana (PMGKAY), over and above the regular monthly NFSA foodgrains. The total duration of the scheme was 28 months
    4. To remove the financial burden of the poor beneficiaries and to ensure nationwide uniformity and effective implementation of the National Food Security Act (NFSA), 2013, the Government had decided to provide food grains free of cost to NFSA beneficiaries i.e. AAY households and PHH beneficiaries, for a period of one year beginning from 01.01.2023 to 31.12.2023 under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).
    5. More than 75 crore beneficiaries have received foodgrains every month during implementation of PMGKAY in FY 2020-21, 2021-22 and FY 2022-23.
    6. Keeping in view welfare of the beneficiaries of PMGKAY in terms of accessibility, affordability and availability of food grains for the poor and to maintain uniformity across the States, the Government has decided to continue to provide free food grains to about 81.35 Crore beneficiaries under the PMGKAY for a period of five years with effect from 1st January 2024. iAbhiyaan)

    POSHAN Abhiyaan

    Launch Date: March, 2018

    Objective: To achieve improvement in nutritional status of Children from 0-6 years, Adolescent Girls, Pregnant Women and Lactating Mothers in a time bound manner and to achieve reduction in stunting and wasting in children (0-6 years) as well as reduction in anemia in women, children and adolescent girls.

    Key Achievements:

    1. Fund allocation under POSHAN Abhiyaan is ₹ 950.00 crore, ₹ 3061.30 crore and ₹ 3400.00 crore in year 2017-18, 2018-19 and 2019-20 respectively.
    2. As of 31st December 2023, Poshan Abhiyaan had 10,05,05,429 beneficiaries, and by 31st December 2024, this number had increased to 10,12,82,551, reflecting a steady rise in the scheme’s outreach.

    By 2023, the Ministry has approved 41 Mega Food Park (MFP) projects, with 24 already operational and 17 more under development. Furthermore, India’s innovative branding of millets as Shree Anna marks a significant milestone in the evolution of food and nutrition. With these initiatives, the government aims to revolutionize the food industry, ensuring a sustainable and nutritious future for all.

    Click here to see in PDF:

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India’s Exports Reach Historic Heights

    Source: Government of India

    Posted On: 01 FEB 2025 2:38PM by PIB Delhi

    Exports hit USD 778.21 billion in 2023-24, marking a 67% increase since 2013-14

     

    Introduction

    India’s exports have seen a historic rise, reaching USD 778.21 billion in 2023-24. This marks a 67% increase from USD 466.22 billion in 2013-14. The growth reflects India’s expanding role in global trade, driven by strong performances in both merchandise and services exports.

    In 2023-24, merchandise exports stood at USD 437.10 billion, while services exports contributed USD 341.11 billion, demonstrating a well-balanced expansion. Key sectors like electronics, pharmaceuticals, engineering goods, iron ore, and textiles played a vital role in this surge. Strengthened by strategic policy measures, enhanced competitiveness, and broader market access, India’s export ecosystem is now more resilient and deeply integrated into the global economy.

    The momentum has continued into FY 2024-25, with cumulative exports during April-December 2024 estimated at USD 602.64 billion, a 6.03% increase from USD 568.36 billion in the same period of 2023. Strengthened by strategic policy measures, enhanced competitiveness, and broader market access, India’s export ecosystem is now more resilient and deeply integrated into the global economy.

     

    Export Classification and Growth Trends

    Merchandise exports have grown from USD 314 billion in 2013-14 to USD 437.10 billion in 2023-24, driven by a stronger manufacturing base and increased global demand.

     

     

    Service exports have expanded from USD 152 billion in 2013-14 to USD 341.11 billion in 2023-24, fueled by the rise of IT, financial, and business services.

     

    Leading Export Regions Over the Years

    In 2004-05, India’s exports were predominantly directed to regions like North America, the European Union, North-East Asia, West Asia-Gulf Cooperation Council, and ASEAN. By 2013-14, there was a marked increase in export values across these regions, with North America, the EU, and West Asia seeing notable growth. Fast forward to 2023-24, and the export landscape shows continued expansion, with North America leading as the largest destination. The EU, West Asia, and ASEAN also experienced robust growth, illustrating India’s diversified and strengthened global trade relationships over the years.

     

     

    Key Export Destinations in 2023-24

     

    1. In 2023-24, the top merchandise export destinations for India included the USA (17.90%), UAE (8.23%), Netherlands (5.16%), China (3.85%), Singapore (3.33%), UK (3.00%), Saudi Arabia (2.67%), Bangladesh (2.55%), Germany (2.27%), and Italy (2.02%).

     

    1. Together, these 10 countries made up 51% of India’s total merchandise export value in 2023-24.

     

    Sectoral Growth in India’s Exports

    1. Mobile Phone Exports Growth: Mobile phone exports reached US$ 15.6 billion in 2023-24 from USD 0.2 billion in 2014-15. Domestic production of mobile phones grew from 5.8 crore units in 2014-15 to 33 crore units in 2023-24, with imports dropping significantly.
    1. Pharmaceutical Exports Surge: India, ranked third globally in drug and pharmaceutical production by volume, saw its pharmaceutical exports rise from USD 15.07 billion in 2013-14 to USD 27.85 billion in FY 2023-24.
    1. Engineering Goods Exports: Engineering goods exports grew to USD 109.32 billion in FY 2023-24, up from USD 62.26 billion in FY 2013-14.
    1. Agricultural Exports Growth: Agricultural exports from India increased from USD 22.70 billion in 2013-14 to USD 48.15 billion in 2023-24.

     

    Key Government Initiatives to Strengthen India’s Export Landscape

     

    Foreign Trade & Export Promotion

    1. New Foreign Trade Policy (FTP) 2023: Focuses on export incentives, ease of doing business, and emerging sectors like e-commerce and high-tech products. Introduced a one-time Amnesty Scheme to help exporters clear pending authorizations.
    2. Interest Equalisation Scheme (IES): It was extended until August 31, 2024, with a ₹12,788 crore allocation to provide concessional interest rates on export credit.
    3. RoDTEP & RoSCTL Schemes: Provide tax and duty reimbursements to exporters, benefiting sectors like pharmaceuticals, chemicals, and steel.
    4. Districts as Export Hubs: Identifies high-potential products in each district and provides infrastructure and market linkages.
    5. Trade Infrastructure for Export Scheme (TIES) & Market Access Initiative (MAI): Support infrastructure development and marketing efforts for export growth.

    Infrastructure & Logistics

    1. National Logistics Policy (NLP) & PM GatiShakti: Aim to reduce logistics costs and enhance multimodal connectivity through GIS-based planning.
    2. Production-Linked Incentive (PLI) Schemes: With an outlay of ₹1.97 lakh crore, these schemes promote large-scale manufacturing in 14 key sectors to enhance exports. Over Rs. 1.47 lakh crore of investment has been reported till October 2024, which has led to production/sales of Rs. 13 lakh crore and employment generation (direct & indirect) of around 10 lakh. Exports have been boosted by Rs. 4.5 lakh crore.

     

    1. Bharat Mart in Dubai: Provides MSMEs with affordable access to GCC, African, and CIS markets.

     

    Ease of Doing Business & Digital Initiatives

    1. Compliance & Decriminalization Reforms: Over 42,000 compliances reduced and 3,800 provisions decriminalized to simplify business processes.
    2. National Single Window System (NSWS): Streamlines approvals, allowing businesses to apply for 277 Central approvals.
    3. Trade Connect e-Platform: Links over 6 lakh IEC holders with Indian missions and export councils for seamless trade facilitation.
    4. Enhanced Insurance Cover for MSME Exporters: Provides ₹20,000 crore in low-cost credit to 10,000 MSME exporters.

    E-Commerce & Digital Trade

    1. E-Commerce Export Hub (ECEH): Aims to boost e-commerce exports to $100 billion by 2030, connecting SMEs and artisans to global markets.
    2. ICEGATE Digital Platform: Modernizes customs processes with e-filing, real-time tracking, and seamless documentation.

    Agriculture & Organic Exports

    1. National Programme for Organic Production (NPOP): Expected to benefit 20 lakh farmers, with organic exports targeted to exceed $1 billion by 2025-26.

     

    Conclusion

    India’s export sector has experienced extraordinary growth, driven by a combination of strategic policy measures, robust infrastructure development, and a strengthened manufacturing base. With exports touching new heights across both merchandise and services, the country has firmly established itself as a key player in global trade. The expansion of high-value sectors like electronics, pharmaceuticals, engineering goods, and agriculture, coupled with innovations in e-commerce and digital trade, showcases India’s growing global influence. Supported by initiatives such as the National Logistics Policy, Production-Linked Incentive schemes, and enhanced market access, India is well on its way to further diversifying its export landscape. As the country continues to focus on improving business ease, fostering competitiveness, and tapping into emerging markets, it is poised to not only sustain but also accelerate its export momentum in the years to come.

     

    References:

    1. https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/dec/doc2024123463101.pdf

    v https://www.commerce.gov.in/wp-content/uploads/2024/12/Annual-Report-English-Lower-Resolution-1.pdf

    1. https://www.commerce.gov.in/trade-statistics/
    2. https://niryat.gov.in/
    3. https://pib.gov.in/PressReleasePage.aspx?PRID=2093104

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Building a Stronger Workforce Building Stronger Employment Foundations

    Source: Government of India

    Posted On: 01 FEB 2025 2:32PM by PIB Delhi

    Introduction

    India has seen significant employment growth, with a 36% increase and around 170 million jobs added between 2016-17 and 2023-24. This reflects the country’s strong economic trajectory and job creation across various sectors. Schemes like e-Shram, Aatmanirbhar Bharat Rojgar Yojana and the National Career Service have been key drivers, supporting rural employment and providing training and career opportunities. These initiatives are essential for strengthening India’s workforce and ensuring sustainable job creation.

    e-Shram

    Launch: 21st October, 2024

    Objective: The eShram portal, was launched on 26 August 2021 to register and support unorganised workers by providing them with a Universal Account Number (UAN) and for the creation of a comprehensive National Database of Unorganised Workers (NDUW).

    eShram– “One-Stop-Solution” was launched on 21st October 2024, which entails the integration of different social security/ welfare schemes on a single portal, i.e., eShram. This enables unorganised workers registered on eShram to access social security schemes and see benefits availed by them so far through eShram.

    1. Key Achievements:
    2. As of 27 January 2025, over 30.58 crore unorganised workers have already registered on the eShram portal
    3. So far, 12 schemes of different central ministries/departments have been integrated/mapped with eShram.

    Aatmanirbhar Bharat Rojgar Yojana (ABRY)

     Launch: 1st October, 2020


    Objective: To incentivize employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic.

    Key Achievements:

    1. As of March 31, 2024, a total of Rs. 10,188.50 crore has been disbursed to 60.49 Lakh beneficiaries through 1.52 Lakh establishments.

    National Career Service (NCS)

    Launch Date: 20th July, 2015.

    Objective: NCS has become a ‘one stop platform’ for career related services including jobs from private and government sectors, information on online & offline job fairs, skill/training programmes etc. It works towards bridging the gap between jobseekers and employers, candidates seeking training and career guidance, agencies providing training and career counselling.

     

    Key Achievements:

    1. From January 1 to December 15, 2024, 1.89 Crores vacancies were available on the NCS portal, bringing the total to 3.89 crore vacancies since inception.
    2. A total of 8,263 job fairs were organized on the NCS portal, with 43,874 employers participating, leading to the provisional selection of 2.6 Lakh candidates.
    3. The portal saw 17.23 Lakh new employers and 1.38 Crores new job seekers registering during the year.

    Pradhan Mantri Street Vendors Atmanirbhar Nidhi (PM-SVANidhi)

    Launch: 1st June, 2020

    Objective: To facilitate collateral free working capital loan to street vendors to restart their businesses, which were adversely impacted by the COVID-19 pandemic.

    Key Achievements:

    1. No. of Beneficiaries 6,801,644
    2. Sanctioned amount 14,332.1 Cr
    3. Disbursed amount 13,736.14 Cr from 2020 till 28.01.2025

    National Apprenticeship Promotion Scheme (NAPS)

    Launch Date: August, 2016

    Objective: Aims to promote apprenticeship training in the country by providing stipend support to the apprentices, undertake capacity building of the apprenticeship ecosystem and provide advocacy assistance to support rapid growth.

    Key Achievements:

    1. Training Status: As of August 31, 2024, 367,170 apprentices are engaged for the 2024-25 financial year, with a total of 780,000 apprentices undergoing training across 47,708 establishments.
    2. DBT Progress: Since its launch on August 11, 2023, the number of apprentices under DBT has risen from 172,542 in July 2023 to 295,011 in July 2024. The Government of India has also disbursed ₹468.27 crore in stipends through DBT.

    Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)

    Launch: 2005

    Objective: It is a demand driven wage employment Scheme which provides for the enhancement of livelihood security of the households in rural areas of the country by providing at least one hundred days of guaranteed wage employment in every financial year to every household whose adult members volunteer to do unskilled manual work.

    Key Achievements:

    1. In FY 2013-14, the minimum average notified wage rate for Mahatma Gandhi NREGA was ₹155, while in FY 2024-25, the minimum average notified wage rate is ₹279.
    2. In FY 2024-25, attendance for 20.35 lakh worksites (95.66%) has been captured and uploaded on the portal.
    3. The total person days generated between FY 2006-07 to FY 2013-14 were 1660 crore, whereas, the total person days between FY 2014-15 to FY 2024-25 has been 2923 crore.

     

    In addition to these efforts the government has implemented various initiatives for employment welfare, including the Employees Provident Fund Organisation (EPFO), the Employment Linked Incentive (ELI) Scheme and support for Gig and Platform Workers all aimed at further enhancing job security and opportunities for the workforce.

    Click here to see in PDF:

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    (Release ID: 2098444) Visitor Counter : 26

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Energy Security in India

    Source: Government of India

    Posted On: 01 FEB 2025 2:30PM by PIB Delhi

    Advancing Renewable Energy and Sustainability through Key Government Initiatives

     

     

    India’s energy security is a cornerstone of its economic and environmental strategy, with a strong push toward renewable energy and self-reliance. As of January 2025, the country’s non-fossil fuel energy capacity has reached 217.62 GW. The CCDC Wind Initiative has significantly enhanced wind energy development, leading to 48.16 GW of installed capacity. The National Green Hydrogen Mission, launched in 2023, is positioning India as a global leader in hydrogen energy with investments exceeding ₹8 lakh crore. The National Solar Mission has propelled solar energy growth, with installed capacity rising from 9.01 GW in 2016 to 97.86 GW in 2025. Additionally, PM-KUSUM and PM Surya Ghar Muft Bijli Yojana are accelerating solar adoption among farmers and households. These efforts, supported by substantial government funding and policy measures, highlight India’s commitment to achieving energy security while reducing carbon emissions. By leveraging technological advancements and strategic investments, India is on a path toward a cleaner, more resilient energy future.

     

    Introduction

     

    India’s energy security is a critical component of its economic growth and sustainability goals. The government has launched various schemes aimed at promoting renewable energy, enhancing grid stability, and reducing carbon emissions. Key initiatives such as the National Bio Energy Mission, National Green Hydrogen Mission, PM-KUSUM, and PM Surya Ghar Muft Bijli Yojana, reflect the nation’s commitment to a cleaner and self-reliant energy future. As of January 2025, India’s total non-fossil fuel-based energy capacity has reached 217.62 GW.

     

    INSTALLED RENEWABLE ENERGY CAPACITY (MW)

     

    Sector

    Cumulative Achievements (till 31.03.2014)

    2014-15

    2023-24

    2024-25 (01.04.2024 – 31.12.2024)

    Cumulative Achievements (till 31.12.2024)

    Wind Power

    21,042.58

    2,311.77

    3,253.38

    2,276.65

    48,163.16

    Solar Power

    2,821.91

    1,171.62

    15,033.24

    16,051.10

    97,864.72

    Small Hydro Power

    3,803.68

    251.68

    58.95

    97.30

    5,100.55

    Biomass (Bagasse) Cogeneration

    7,419.23

    295.67

    0.00

    372.86

    9,806.42

    Biomass (Non-bagasse) Cogeneration

    531.82

    60.05

    107.34

    0.00

    921.79

    Waste to Power

    90.58

    0.00

    1.60

    0.00

    249.74

    Waste to Energy (Off-grid)

    139.79

    9.71

    30.17

    34.13

    370.20

    Total

    35,849.59

    4,100.50

    18,484.68

    18,832.04

    162,476.58

     

    CCDC Wind Initiative

    About the Scheme:

    Launched in June 2020, the Centralized Data Collection and Coordination (CCDC) Wind Initiative aims to advance India’s wind energy development by improving wind resource assessment through accurate data collection and research. The initiative provides valuable insights for project developers, helping them identify the most promising locations for wind energy projects. It supports the efficient implementation of large-scale wind energy projects and encourages investments in the wind sector. The Government, through National Institute of Wind Energy (NIWE), has installed over 800 wind-monitoring stations all over country and issued wind potential maps at 50m, 80m and 100m above ground level. As on 30 January 2024, India’s cumulative wind power capacity stands at 48.16 GW.

    Objective:

    • Facilitate wind energy development through centralized data collection and research.
    • Provide accurate wind resource assessment for better site identification.
    • Promote private sector investments and public-private partnerships in wind energy projects.

     

     

    Key Achievements:

     

    • Enhanced wind resource mapping has contributed to the successful identification of over 50 potential wind energy sites nationwide.
    • Contributed to the development of over 10 GW of new wind energy capacity from 2020-2024, increasing India’s wind energy capacity by 30%.
    • Significant growth in wind energy capacity, from 1.86 GW in March 2004 and 21.04 GW in December 2014 to 48.16 GW in January 2025, reflecting the initiative’s impact.
    • In 2024, the Union Cabinet approved a Rs. 7,453 crore Viability Gap Funding (VGF) scheme to set up India’s first offshore wind energy projects. The scheme includes Rs. 6,853 crores for 1 GW of offshore wind capacity (500 MW each off the coasts of Gujarat and Tamil Nadu) and Rs. 600 crores for port upgrades to support logistics for these projects.

    National Green Hydrogen Mission

    About the Scheme:

    Launched in January 2023, the National Green Hydrogen Mission is an ambitious initiative aimed at transitioning India towards a hydrogen-based economy. The scheme focuses on the development of indigenous technology for green hydrogen production, infrastructure for storage, transportation, and utilization. By promoting hydrogen as a clean energy source, the mission aims to position India as a global leader in green hydrogen production and export, thereby driving sustainability and reducing dependence on fossil fuels. With over Rs. 8 lakh crores in total investments, green hydrogen capacity is expected to reach 5 million metric tons by 2030. This is expected to create 6 lakh jobs by 2030.

    Objective:

    • Making India a leading producer and supplier of Green Hydrogen in the world.
    • Creation of export opportunities for Green Hydrogen and its derivatives.
    • Reduction in dependence on imported fossil fuels and feedstock.
    • Development of indigenous manufacturing capabilities.
    • Attracting investment and business opportunities for the industry.
    • Creating opportunities for employment and economic development.
    • Supporting R&D projects.

     

     

    Key Achievements:

    • ₹19,744 crore allocated for the mission’s implementation, with a focus on infrastructure development and technology innovation. The Mission has an outlay of ₹600 crore for FY 2024-25.
    • Establishment of 3 hydrogen production hubs in key locations across the country.
    • Tenders awarded to companies for 4.12 lakh tonnes per annum green hydrogen production.
    • Development of key policies and financial incentives, with 50% subsidy on electrolyser manufacturing and hydrogen production. Selection of manufacturers for 1,500 MW electrolyser capacity was also conducted in 2024.
    • The International Conference on Green Hydrogen (ICGH – 2023) took place in New Delhi from 5th to 7th July, 2023, featuring global participation from industry, academia, and government.
    • From 18th to 22nd March, 2024, India hosted the 41st International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) Meeting in New Delhi, fostering collaboration on clean hydrogen technologies.
    • From September 11-13, 2024, the 2nd International Conference on Green Hydrogen (ICGH) in New Delhi emphasized advancements in green hydrogen technology and India’s leadership in the sector.
    • The year 2024 also witnessed India’s innovative renewable energy solutions being showcased on international platforms such as the World Hydrogen Summit 2024 in Rotterdam, Netherlands.

     

    National Solar Mission (NSM)

     

    About the Scheme:

    Launched in January 2010, NSM is a major initiative to promote ecological sustainable growth while addressing India’s energy security challenges. It is also a major contribution by India to the global effort to meet the challenges of climate change. In order to achieve the above target, Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme etc.

     

    Objectives:

    • Establish India as a global leader in solar energy by creating the policy conditions for solar technology diffusion across the country as quickly as possible.
    • Achieve the Nationally Determined Contributions (NDCs) target to achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources and to reduce the emission intensity of its GDP by 45 percent from 2005 level by 2030.

     

    Off-Grid Solar PV Programme:

    Off-grid Solar PV Applications Programme is one of the oldest programmes of the Ministry aimed at providing solar PV-based applications in areas where grid power is either not available or is unreliable. Applications such as solar home lighting systems, solar street lighting systems, solar power plants, solar pumps, solar lanterns and solar study lamps are covered under the programme.

     

    Solar Grid Connected Programme:

    Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme etc. Various policy measures are also undertaken to promote the grid connected solar power plants. By 2023, India achieved 5th rank in the world in solar power deployment.

     

    Key Achievements:

     

    Parameter

    2016

    (By March 2016)

    2024

    (By March 2024)

    Total Installed Solar Capacity

    9.01 GW

    *96.86 GW

    Number of Solar Parks

    34

    58

    Total Capacity of Solar Parks

    20 GW

    40 GW

    Rooftop Solar Capacity

    90.8 MV

    11,503 MV

    Number of Solar Home Lights

    13.96 lakh

    17.23 lakh

    Number of Solar Street Lights

    4.42 lakh

    9.44 lakh

    Installed Capacity of Power Plants

    172.45 GW

    216.86 GW

     

    • In March 2016, the total installed solar capacity was 9.01 GW and by March 2024, the total installed solar capacity stood at 81.81 GW. *As of 28 January 2025, the total installed solar capacity is 97.86 GW.
    • As of March 2024, the total estimated solar potential of the country stood at 748.98 GW.
    • As of March 2024, there are a total of 58 solar parks in India with a sanctioned capacity of 40 GW, in contrast to March 2016, when there were only 34 solar parks with 20 GW sanctioned capacity.
    • In March 2016, there was only 90.8 MV installed solar capacity under the Rooftop PV and Small Solar Power Generation Programme (RPSSGP). In March 2024, the total installed capacity has reached 11,503 MV.
    • In 2024, for off-grid projects, India has 17.23 lakh solar home lights, 84.59 solar lamps, 9.44 lakh solar street lights and an installed capacity of 216.86 GW from solar power plants. This has increased from 2016, when 13.96 lakh solar home lights, 4.42 lakh solar street lights and 172.45 GW of installed solar capacity from power plants.

    PM-KUSUM Scheme: (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan)

    About the Scheme:

    Launched in March 2019, the PM-KUSUM Scheme supports farmers by offering financial assistance for installing solar-powered irrigation systems, including solar pumps and grid-connected solar power plants. By shifting to solar energy, the scheme also helps to reduce carbon emissions and improve energy access in rural agricultural areas. Under the Scheme, central government subsidy upto 30% or 50% of the total cost is given for the installation of standalone solar pumps and for the solarization of existing grid-connected agricultural pumps.

     

    Objective:

    • Promote solar energy adoption among farmers by subsidizing solar-powered irrigation.
    • Reduce dependency on diesel pumps, leading to lower fuel costs and improve energy access in rural agricultural areas.
    • Enhance income generation through surplus solar energy sales.

     

     

    Key Achievements:

     

    • Over 6.1 lakh solar pumps installed nationwide by December 2024, as compared to 3.3 lakh solar pumps installed by December 2021.
    • 35 lakh grid-connected agriculture pumps solarized.
    • As of June 2024, more than 4 lakh farmers nationwide have benefited from the PM-KUSUM scheme.

     

     

    • Under Components B and C of PM-KUSUM: 30% CFA provided (or 50% for North Eastern/Hilly regions/Islands) for installing standalone agriculture pumps and solarizing grid-connected pumps.
    • About 11.34 GW of solar energy capacity has been installed during January to November 2024.

     

    PM Surya Ghar Muft Bijli Yojana

    About the Scheme:

    Launched in February 2024, the PM Surya Ghar Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, is designed to promote rooftop solar energy adoption in residential areas. By providing financial incentives and subsidies for solar panel installation, the scheme enables households to generate their electricity, reducing their dependence on the national grid and lowering electricity bills. The initiative has a bold vision to supply solar power to one crore households by March 2027.

    Objective:

    • Encourage rooftop solar adoption in residential sectors.
    • Provide financial incentives and subsidies for solar panel installation.
    • Enable households to generate their own electricity, reducing dependency on the grid.
    • Reduce electricity bills by allowing households to generate and sell surplus solar energy to the grid.

     

    Key Achievements:

     

    • Increased participation in the distributed solar energy ecosystem, with over 1 lakh homes installing rooftop panels in the first year.

     

     

    • Households benefiting from 20-30% reduction in electricity bills due to self-generated solar power.
    • Within just 10 months of PMSGMBY, 7 lakh installations have been achieved—an average of 70,000 per month. This marks a ten-fold increase in monthly installations compared to the average of 7,000 per month prior to the launch of the scheme in February 2024.
    • States such as Gujarat, Maharashtra, Kerala, and Uttar Pradesh have demonstrated exceptional progress, reflecting robust infrastructure and stakeholder collaboration.
    • Issuance of Operational Guidelines for the ‘Model Solar Village’ scheme, with a total outlay of ₹800 crore, granting ₹1 crore grant for the winning village in each district. It aims to promote solar energy adoption and make villages self-reliant in energy. Villages with populations over 5,000 (or 2,000 in special states) can compete based on their renewable energy capacity.

     

    References

    MNRE Annual Reports (2016-2024)

    https://npp.gov.in/dashBoard/cp-map-dashboard

    https://mnre.gov.in/en/year-wise-achievement/#

    https://www.india.gov.in/spotlight/national-green-hydrogen-mission

    https://mnre.gov.in/en/national-green-hydrogen-mission/

    https://pib.gov.in/PressNoteDetails.aspx?NoteId=151902

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2089056

    https://ccdcwind.gov.in/potential_of_wind_energy_in_india.html

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/05/20240524405410771.pdf

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2023/08/2023080324.pdf

    https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/10/20241029512325464.pdf

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2094992

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1943905

    https://mnre.gov.in/en/bio-gas/

    https://pmkusum.mnre.gov.in/

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2081250

    https://www.pmsuryaghar.gov.in/

    https://cag.gov.in/uploads/download_audit_report/2015/Union_Civil_Performance_Renewable_Energy_Report_34_2015_chap_8.pdf

    https://powermin.gov.in/sites/default/files/uploads/ar03_04.pdf

    Click here to download PDF

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  • MIL-OSI Asia-Pac: PRESIDENT DROUPADI MURMU INAUGURATES NEW DELHI WORLD BOOK FAIR 2025

    Source: Government of India

    Posted On: 01 FEB 2025 2:23PM by PIB Delhi

    The President of India, Smt Droupadi Murmu inaugurated New Delhi World Book Fair 2025 in New Delhi today (February 1, 2025).

     Speaking on the occasion, the President said that reading books is not just a hobby; it is a transformative experience. Reading books from different languages and cultures builds bridges among regions and communities. She was happy to note that New Delhi World Book Fair has many stalls representing India’s different languages, and languages of other countries. She expressed confidence that this Book Fair will enable book-lovers to access literature from around the world at one place.

     The President said that apart from reading the books prescribed as part of the syllabus, school children should read different kinds of books on diverse subjects. She stated that it will help them discover their potential and capabilities and will help them become good human beings.

     The President urged everyone to give special importance to creation and promotion of books for children. She said that one of the best habits we can develop in our children is the love for reading books. She stated that every elder should take it up as an important duty.

    Click here to see the President’s speech

    ***

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  • MIL-OSI Asia-Pac: Driving Financial Empowerment

    Source: Government of India

    Posted On: 01 FEB 2025 2:22PM by PIB Delhi

    Transformative schemes boost financial inclusion, insurance, and entrepreneurship

     

    Synopsis

    Key government initiatives have significantly advanced financial inclusion and entrepreneurship, benefiting millions across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) has opened over 54.58 crore accounts, with deposits rising to ₹2.46 lakh crore by January 2025. The Atal Pension Yojana (APY) has seen a surge in enrolments, reaching 7.33 crore by January 2025, with more than 89.95 lakh new enrolments in FY 2024-25. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has enrolled 22.52 crore individuals, with ₹17,600 crore disbursed for 8.8 lakh claims. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has covered 49.12 crore people, processing ₹2,994.75 crore against accident claims. The Stand-Up India Scheme has sanctioned ₹53,609 crore in loans for 2.36 lakh entrepreneurs, with a focus on SC/ST and women. Finally, the Pradhan Mantri Mudra Yojana (PMMY) has sanctioned ₹32.36 lakh crore for 51.41 crore loans, with 68% of the loans benefiting women and 50% going to SC/ST/OBC categories. These initiatives are instrumental in promoting financial empowerment and inclusive growth.

     

    Introduction

    Financial inclusion remains a key government priority, striving to provide banking, credit, and insurance services to the unbanked and underserved. Through initiatives like the Pradhan Mantri Jan Dhan Yojana, Atal Pension Yojana, and others, the government is working to empower individuals, secure financial futures, and promote entrepreneurship. The motto, “From Jan Dhan to Jan Suraksha,” encapsulates the vision of financial security and inclusive growth for all.

    Pradhan Mantri Jan Dhan Yojana (PMJDY)

    Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) aimed to bring the unbanked into the formal financial system by expanding access to savings accounts, credit, remittance, insurance, and pensions. Over the decade, it has empowered weaker sections and low-income groups, playing a key role in financial inclusion and economic integration. According to the World Bank’s Global Findex Database 2021, bank account ownership in India more than doubled in the past decade, rising from 35 percent in 2011 to 78 percent in 2021.

    Key Achievements:

    1. Accounts Opened: Grew from 14.72 crore in March 2015 to 54.58 crore by January 15, 2025.
    2. Deposits: Increased from ₹15,670 crore in March 2015 to ₹2,46,595 crore by January 2025.
    3. RuPay Cards: 37.29 crore cards issued to PMJDY accountholders as of January 15, 2025, enhancing digital transactions.

     

    Atal Pension Yojana (APY)

    Launched on May 9, 2015, Atal Pension Yojana (APY) provides social security to unorganised sector workers. It ensures financial stability for the poor and underprivileged. The scheme was operationalised on June 1, 2015. APY is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It functions under the National Pension System (NPS) framework.

    Key Achievements:

    1. Growth of APY: The Atal Pension Yojana surged from 1.54 crore enrolments in March 2019 to 7.33 crore by January 2025. Its predecessor, the Swavalamban scheme, had 3.01 Lakh enrolments as of 2010-11.

     

    1. FY 2024-25 Progress: Over 89.95 lakh enrolments in the current Financial Year 2024-25.

     

    Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

    Launched on May 9, 2015, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme. Proposed in the 2015 budget, it aimed to expand insurance coverage beyond the then 20% of the population. The scheme provides one-year renewable life insurance covering death from any cause.

    Key Achievements:

    1. Enrolments: Grew from 3.1 crore in FY 2016-17 to 22.52 crore as of January 15, 2025.
    2. Claims Disbursed: ₹17,600 crore disbursed against 8,80,037 claims from a total of 9,13,165 claims received.

     

    Pradhan Mantri Suraksha Bima Yojana (PMSBY)

    Launched on May 9, 2015, Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme covering death and disability. It is a one-year renewable policy aimed at increasing insurance penetration. The scheme provides coverage to individuals aged 18-70 with a savings or post office account, benefiting the poor and underprivileged.

     

    Key Achievements:

    1. Enrolments: 49.12 crore cumulative enrolments as of January 15, 2025.
    2. Claims Processed: ₹2,994.75 crore disbursed against 1,50,805 claims from a total of 1,98,446 claims received.

     

     

    Stand-Up India Scheme

    Launched on April 5, 2016, the Stand-Up India Scheme promotes entrepreneurship among women, SCs, and STs. It provides bank loans from ₹10 lakh to ₹1 crore for greenfield enterprises in manufacturing, services, trading, and allied agriculture. The scheme aims to empower aspiring entrepreneurs by easing financial barriers.

    Key Achievements:

    1. Progress: Loan amount sanctioned increased from ₹3,683 crore in March 2018 to ₹53,609 crore by July 2024.
    2. Beneficiaries: 2.36 lakh loans granted to SC/ST and women entrepreneurs as of July 2024.

     

    Pradhan Mantri Mudra Yojana (PMMY)

    Launched on April 8, 2015, Pradhan Mantri MUDRA Yojana (PMMY) supports small and micro enterprises with loans up to ₹10 lakh. In Union Budget 2024-25, the loan limit was increased to ₹20 lakh. MUDRA facilitates financial inclusion by refinancing micro units and empowering aspiring entrepreneurs.

    Key Achievements:

    1. Loans Sanctioned: ₹32.36 lakh crore sanctioned for 51.41 crore loans (as of Jan 2025)
    2. Borrower Distribution: 68% loans to women and 50% to SC/ST/OBC categories

     

    Category-Wise Breakup

    Category

    No. of Loans

    Amount Sanctioned

    Shishu

    79%

    36%

    Kishor

    19%

    40%

    Tarun

    2%

    24%

    Tarun Plus

    –

    –

    Total

    100%

    100%

     

    Data Source: Ministry of Finance

    Click here to download PDF

    *****

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  • MIL-OSI Asia-Pac: “The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat”: G Kishan Reddy, Union Minister of Coal and Mines

    Source: Government of India

    “The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat”: G Kishan Reddy, Union Minister of Coal and Mines

    Today’s Budgetary announcements continue our government’s steadfast commitment towards the growth and modernization of the mining sector

    In line with the spirit of competitive federalism, the introduction of the State Mining Index is a transformative step that will enhance professionalization of State mining departments

    The announcement of a Tailings Policy further bolsters the objectives of the National Critical Mineral Mission

    The elimination of import duties on non-ferrous metal scraps and critical mineral scraps, including cobalt powder and lithium-ion battery (LIB) scraps, is a game-changer

    The allocation of 300 crores for Coal and lignite gasification will provide pathways to lower emissions, carbon capture and Hydrogen production

    From being a corruption laden and litigation ridden sector prior to 2014, today India’s mining sector is aspiring to be a global player in sustainable mining and critical mineral value chain

    Posted On: 01 FEB 2025 5:45PM by PIB Delhi

    “I extend my heartfelt gratitude to the Hon’ble Finance Minister for the progressive and visionary announcements in the Union Budget 2025-26. Hon’ble Finance Minister Smt Nirmala Sitaraman emphasised that this Budget aims to initiate transformative reforms across six domains in which mining plays a significant role. This also signals India’s major push towards energy transition and sustainable development, strengthening our global competitiveness over the next five years. The reforms in the mining sector, especially with respect to critical minerals will mark a major step toward realizing the vision of Viksit Bharat 2047, building an Atmanirbhar, future-ready Bharat.

    The series of reforms in the coal and mining sector will drive production and innovation at home and at the same time position India as a key player in the global minerals market. The reforms also come at an opportune time of the launch of National Critical Mineral Mission, giving it a massive thrust and will accelerate its implementation.

    As India continues to majorly rely on coal for meeting the energy demands of a growing and aspirational nation, the focus is to strike a balance between energy security and energy transition goals. The allocation of 300 crores for Coal and lignite gasification will provide pathways to lower emissions, carbon capture and Hydrogen production. This will give a huge impetus to India’s energy transition goals and boost our capabilities to produce clean coal while ensuring energy security for the country.

    In line with the spirit of competitive federalism, the introduction of the State Mining Index is a transformative step that will enhance professionalization of State mining departments, encouraging them to innovate and adopt best practices in mineral exploration, auctioning, and sustainable mining. This will drive efficiency, attract investments, and unlock the immense potential of our mineral resources.

    The announcement of a Tailings Policy further bolsters the objectives of the National Critical Mineral Mission. By enabling the recovery of valuable critical minerals from mining tailings, this policy will enhance domestic availability thereby strengthening our strategic industries, including clean energy, semiconductors, defense, and space. Investing in research and development for efficient recovery processes will strengthen India’s self-reliance in critical mineral supply chains.

    Building on the series of tax relief measures for the mining sector of last year’s Budget, particularly concerning critical minerals, this year’s budget also introduces a range of progressive tax proposals. These measures will significantly enhance the competitiveness of the entire mining sector, especially as India begins to solidify its position in the critical mineral industry. The elimination of import duties on non-ferrous metal scraps and critical mineral scraps, including cobalt powder and lithium-ion battery (LIB) scraps, is a game-changer. These measures will enhance the competitiveness of our secondary metal and critical mineral recycling industries, reduce production costs, and stimulate new investments in advanced recycling technologies. This will lead to a major boost in supply chain resilience and promote India as a global leader in critical minerals processing. 

    Over the last 10 years, under the leadership of Hon’ble Prime Minister, Shri Narendra Modi, India’s mining sector has witnessed unprecedented reforms. From being a corruption laden and litigation ridden sector prior to 2014, today India’s mining sector is aspiring to be a global player in sustainable mining and critical mineral value chain. Today’s budgetary announcements continue our government’s steadfast commitment towards the growth and modernization of the mining sector.

    India’s coal and mining sector stands as one of the largest sources of employment in the country, these reforms will further enhance the ambit of the mining sector and create new employment opportunities and enable skill development in next-gen technology.

    As we strive to achieve the goal of Net Zero emissions by 2070 and lead the global energy transition race, the mining sector will play a critical role in securing the critical minerals required for this transformation. India is working on war footing to develop a sound domestic infrastructure for addressing climate change and advancing clean energy solutions. With this approach and continued reforms in the sector, India is set to emerge as a global player in sustainable mining, shaping the future of both our economy and the world.” Union Minister Shri G Kishan Reddy on mining proposals in the Budget 2025-26.

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