Points to remember
The aim is to build a strong ecosystem nurturing innovations and startups in India
- The Action Plan is based on three pillars – Simplification and handholding
- Funding support and incentives
- Industry-academia partnership and incubation. Department of Promotion of Industry and Internal trade (DPI&IT) (formerly DIPP) is the implementing agency.
Make in India
The objective is to promote India as an important manufacturing design and innovation
- The “Make in India” initiative is based on four pillars
- New Processes
- New Infrastructure
- New Sectors
- New Mindset
- Department of Promotion of Industry and Internal trade (DPI&IT) coordinates action plans for 15 manufacturing sectors while the Department of Commerce coordinates 12 service sectors.
Trade Infrastructure for the export scheme
To enhance export competitiveness by bridging gaps in export infrastructure, creating focused export infrastructure, first mile and last-mile connectivity and export-oriented projects
- It would provide financial assistance for setting up and up-gradation of existing infrastructure with export linkages like border haats, cold chains, dry ports, etc
To facilitate the procurement of goods and services by various central and state Government.
- It aims to bring transparency and efficiency in public procurement.
- GeM provides the tools of e-bidding, reverses e-auction to facilitate the government users to achieve the best value for their money. I
- GeM 3.0 was announced which would offer standardized and enriched catalogue management, powerful search engine, real-time price comparison, user rating, advanced MIS and analytics
Merchandise Exports From India Scheme
It is an export-promotion scheme launched under the Foreign Trade Policy (FTP) 2015-20 to reduce infrastructural inefficiencies and associated costs involved in exporting goods that are manufactured in India.
- It has replaced five different schemes of earlier
- FTP (Focus Product Scheme)
- Market Linked Focus Product Scheme
- Focus Market Scheme
- Agri. Infrastructure Incentive Scrip
- Vishesh Krishi and Gram Udyog Yojana) for rewarding merchandise exports, which had varying conditions (sector-specific or actual user only) attached to their use.
- The scheme provides incentives to the exporter in the form of credit scrip
- It helps to compensate for any losses on payment of duties
Service Exports from India Scheme (SEIS)
To promote export of service from the country
- The scheme was launched under the Foreign Trade Policy (FTP), 2015-20 replacing the earlier scheme 'Served from India Scheme.'
- SEIS shall apply to `Service Providers' located in India instead of `Indian Service Providers'.
- Thus, it rewards to all Service providers of notified services, who are providing services from India, irrespective of the constitution or profile of the service provider.
SWAYATT is an initiative to promote Startups, Women and Youth Advantage Through transactions on Government e-Marketplace (GeM)
- It will bring together the key stakeholders within the Indian entrepreneurial ecosystem to Government e-Marketplace, the national procurement portal
Integrate to Innovate Programme
It is a 3-month corporate acceleration program for energy startups
- The selected startups will get a cash prize of up to ₹ 5 Lakh per startup along with an opportunity to sell their product with corporates
To bring transparency
- It will serve as a 24X7 online single-window system for efficient and convenient Government to business (G2B) services to investors and businesses
- It reduces the complexity in obtaining information and services related to starting businesses in India and dealing with licenses and permits across the business life-cycle.
- It is being implemented by Infosys Technologies Limited (Infosys) under the guidance and aegis of the Department of Promotion of Industry and Internal trade (DPI&IT)
Revenue Insurance Scheme for Plantation Crops
insurance scheme for those plantation crops whose insurance can't be availed from PM Fasal Bima Yojna.
- It covers small growers of Rubber, Tobacco, Tea, Coffee and Cardamom having 10 hectares or less landholding.
- The scheme is compulsory for growers registered with the respective Commodity Boards (CBs) and it is implemented on a pilot basis in 7 states.
- The scheme to be operated on the principle of 'Area Approach' and Commodity Board in consultation with the concerned State Govt shall designate an area as Insurance Unit (IU), which can be a village panchayat or any other equivalent unit.
Losses arising out of war & nuclear risk, malicious damage and other preventable risks are excluded.
- Note: PSF for pulses and Agri-horticultural commodities is under Ministry of Consumer Affairs