Government of India Initiatives

Transcription

1 Government of India Initiatives 0

2 10 Initiatives / Programmes launched by GoI (since 2014) Manufacturing / Technology / IT & ITeS sector: Make in India Startup India Stand Up India Digital India Invest India For Improved Livability: Swachh Bharat AMRUT Smart City Skill development: Skill India Country specific initiative: Japan Plus 1

3 Make in India 2

4 Make In India: Objective & Proposed Initiatives Objective: Encourage multi-national & domestic companies to manufacture their products in India and promote growth of Manufacturing, Infrastructure & Services sectors The above objective is intended to be fulfilled through: Ease of doing business FDI Liberalization Simplification of regulatory requirements Incentives Infrastructure development Continuous promotion 3

5 Make In India: EODB Initiatives Online application process for Industrial License & IEM made on 24 7 basis through ebiz portal Services of all Central Govt. Departments & Ministries integrated with ebiz a single window IT platform for services. Validity of Industrial license extended to 3 years New de-licensing & deregulation measures to reduce complexity, increasing speed & transparency States to introduce self-certification and third party certification under Boilers Act. Major components of Defence products list excluded from industrial licensing* Process of obtaining environmental clearances made online No distinction between partial and full commencement of production for all product Colour-coded maps for locations requiring NOC from the Airports Authority of India hosted online *parts/components, castings/ forgings, dual use item (having military as well as civilian application) 4

6 Make in India: Easing of FDI 26 % 49 % 74 % 100 % Print Media dealing with news and current affairs Private security agencies Public Sector Banking Petroleum Refining by PSU Air transport servicesscheduled air transport Commodity exchanges Infrastructure companies in securities market Insurance and sub-activities Pension Sector & Power exchanges Broadcasting content services- FM Radio Non-scheduled air transport Satellites- establishment and operation Private Sector Banking- Except branches Credit information companies Brownfield Pharmaceuticals White Label ATM Operations Medical devices Construction, operation and maintenance in specified Rail Infrastructure projects Coffee/rubber/cardamom/ palm oil & olive oil plantations Duty free shops Teleports, Direct to Home (DTH), Cable Networks Defence (approval route) Civil Aviation (up to 49% through automatic route) Brownfield airport projects 5

7 Make In India: Incentives (1/2) 5% interest reimbursement & 10% capital subsidy for production of equipment/machines/devices for controlling pollution, reducing energy consumption and water conservation A grant of 25% to SMEs for expenditure incurred on audit subject to a maximum of INR 1,00,000 A 10% one-time capital subsidy for units practicing zero water discharge A rebate on water cess for setting up wastewater recycling facilities An incentive of INR 2,00,000 for all buildings which obtain a green rating under the IGBC/LEED or GRIHA systems 6

8 Make In India: Incentives (2/2) SMEs will be given access to the patent pool and/or part of reimbursement of technology acquisition costs up to a maximum of Rs. 20 lakh for the purpose of acquiring appropriate technologies up to a maximum of 5 years Reimbursement of 50% of technology transfer fee or Rs. 20 lakh (whichever lower) Financial support for acquiring of technology/patent subsidy of 50% or Rs. 20 lakh (whichever lower) Subsidy of up to 10% of capital expenditure incurred on new plant and machinery or Rs. 50 lakh (whichever lower) 7

9 Make in India: Infrastructure Development Impetus on developing Industrial Corridors and Smart Cities Work on 5 smart cities in progress as a part of the Delhi-Mumbai Industrial Corridor: Dholera, Shendra-Bidkin, Greater Noida, Ujjain and Gurgaon A new National Industrial Corridor Development Authority is being created to coordinate, integrate, monitor and supervise development of all Industrial Corridors North-eastern part of India planned to be linked with other Industrial corridors in cooperation with Government in Japan Approval accorded to 21 Industrial projects under Modified Industrial Infrastructure Upgradation Scheme Approval accorded to 17 National Investment and Manufacturing zones New Industrial Clusters for promoting advance practices in manufacturing 8

10 Make in India: Relevance to Gujarat DMIC to invite first set of anchor investors in August 2016 positive for Ahmedabad Dholera SIR Approval accorded to over 25 Industrial projects under Modified Industrial Infrastructure Up-gradation Scheme, of which the following are in Gujarat: Gems and Jewelry Cluster, Surat (funds released till December 2015 Rs crore) Textile Cluster, Narol (funds released till December 2015 Rs. 33 crore) Approval accorded to 17 National Investment and Manufacturing zones of which one in Gujarat (Dholera) 9

11 Start up India, Stand up India 10

12 Start up India Objective Support entrepreneurship development and innovation through: Simplification and handholding Funding support and incentives Industry-academia partnership and incubation Timeline Four years, with incentives provided for 3 years. (Jan, 2016) Definition of Startup: Entity working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or IP if it aims to develop and commercialize: a. A new product or service or process b. A significantly improved existing product or service or process, that will create or add value for customers or workflow 11

13 Startup India: Simplification and handholding 'White category startups eligible for self-certification for 9 labor and environment laws Creation of startup hub to enable knowledge exchange and Startup Fest at a national and international level Mobile app for registration, single window clearance and exit Panel of facilitators to be appointed by Controller General of Patents, Designs and Trademarks (CGPTDM) to expeditiously process patent applications Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilization (SETU) Program Building 7 new research parks modeled on IIT Madras Government shall exempt Startups (in the manufacturing sector) from the criteria of prior experience/ turnover without any relaxation in quality standards or technical parameters for public procurement 12

14 Startup India: Funding Support & Incentives Central funding of Rs. 10,000 crore fund of funds (with 50% contribution to daughter fund) managed by industry professionals, academia and successful startups. LIC will be co-investor in fund of funds Income tax exemption for 3 years Tax exemption on capital gains extended to: Persons who have capital gains during the year, if they have invested such gains in Fund of Funds Entities if they invest capital gains in purchasing new assets 80% rebate on patent applications Credit guarantee fund for Startups (envisaged) Corpus of Rs. 500 crore per year next four years 13

15 Startup India: Industry academia participation and incubation (1/2) Organizing Startup Fests for Showcasing Innovation and Providing a Collaboration Platform To serve as a platform for promotion of world-class Innovation Hubs, Grand Challenges, Startup businesses and other self-employment activities, particularly in technology driven areas through Atal Innovation Mission (AIM), having two core functions: Entrepreneurship promotion SETU, wherein innovators would be supported and mentored Innovation promotion: to provide a platform where innovative ideas are generated Establishment of 500 Tinkering Labs in universities Institution of Innovation Awards (3 per state/ut) and 3 National level awards Providing support to State Innovation Councils for awareness creation and organizing state level workshops/conferences 14

16 Startup India: Industry academia participation and incubation (2/2) Establishment of sector specific incubators on PPP mode: 35 new incubators in existing institutions. Funding support of 40% (subject to a maximum of INR 10 crore) shall be provided by Central Government for establishment of new incubators. 40% funding by the respective State Government and 20% funding by the private sector has been committed. The incubator shall be managed and operated by the private sector. 35 new private sector incubators. A grant of 50% (subject to a maximum of INR 10 crore) shall be provided by Central Government for incubators established by private sector in existing institutions. The incubator shall be managed and operated by the private sector 15

17 Stand Up India Objective To promote entrepreneurship among SC/ST and Women entrepreneurs, in partnership with Dalit Chamber of Commerce & Industry (DICCI), through: Extending of loans at a cheaper rate Timeline Four years. Cabinet has approved the Stand Up India scheme, and the official launch by PM was on 05 April, 2016 Target Extend benefits to at least two projects per bank branch, with a target of 2.5 lakh entrepreneurs within 36 months from launch 16

18 Stand Up India: Funding Support & Incentives Facilitating bank loans repayable up to 7 years and between Rs. 10 lakh to Rs. 1 crore for greenfield enterprises (in the non farm sector) set up by such SC, ST and Women borrowers SIDBI will raise Rs. 10,000 crore corpus for Stand Up India Fund which will be used to refinance loans extended by banks The loan would be secured and backed by a credit guarantee through a credit guarantee scheme for which Department of Financial Services would be the settler and National Credit Guarantee Trustee Company Ltd (NCGTC) would be the operating agency Handholding for borrowers both at pre-loan stage and during operations 17

19 Startup India, Stand Up India: Relevance to Gujarat Earmarked funds for strengthening incubation could be utilized along with state funding for incubators on PPP mode. Private incubators may be encouraged to leverage on the Central Government Scheme State level conferences/workshops could be organized in collaboration with GoI 1 out of the 7 Research Parks is proposed to be developed at IIT Gandhinagar 18

20 Digital India Power to Empower 19

21 Digital India Objective and key initiatives Objective: To transform India into a digitally empowered society and knowledge economy The above objective is to be achieved through: Broadband highways Laying of optic fibre network across 2.5 lakh villages Universal access to mobile connectivity All villages to have mobile connectivity Public internet access One Common Service Centre (CSC) in every Panchayat E-Governance Improvement in processes and delivery E-Kranti Electronic delivery of services Global information Online hosting of data (MyGov) Electronics Manufacturing Support for consumer, medical electronics, etc IT training for jobs Training to 1 crore students Early Harvest Programmes Aadhar enabled Biometric Attendance System in all Central Government offices in Delhi 20

22 Estimated costs and Impacts of Digital India Overall Costs of Digital India Rs. 1,00,000 Cr in ongoing schemes Rs. 13,000 Cr for new schemes & activities Impact of Digital India by 2019 Broadband in 2.5 lakh villages, universal phone connectivity Net Zero Imports by ,000 Public Internet Access Points Wi-Fi in 2.5 lakh schools, all universities; Public Wi-Fi hotspots for citizens Digital Inclusion: 1.7 Cr trained for IT, Telecom and Electronics Jobs Job creation: Direct 1.7 Cr. and Indirect at least 8.5 Cr. e-governance & e-services: Across Government India to be leader in IT use in services health, education, banking Digitally empowered citizens public cloud, internet access 21

23 Digital India Policy Initiatives India BPO Promotion Scheme to provide capital support in form of VGF to eligible companies and to incentivize BPO/ITeS operations across the country Proposed to incentivize 48,300 BPO seats (144,900 on 3 shift basis). Up to 50% of one time expenditure (ceiling of Rs. 1 lakh) per seat to be provided Seat allocation for each state based on population percentage Electronics Development Fund (EDF) of Rs crore has been launched to provide risk capital to companies developing new technologies in electronics, nano-electronics and IT Target beneficiaries of EDF will be daughter funds (Startup India model) Rs. 40 crore has been committed to KITVEN 22

24 Digital India Policy Initiatives National Centre for Flexible Electronics (NCFlexE) to promote research and innovation in the emerging area of Flexible Electronics Established at IIT Kanpur, NCFlexE will function as a nodal point in India to bring industry, academia and public research organizations under one umbrella for R&D on Flexible Electronics Centre of Excellence on Internet on Things (IoT) to promote an IoT ecosystem. IoT CoE will create innovative applications and domain capability across verticals such as Smart City, Smart Health, Smart Manufacturing, Smart Agriculture, etc. 23

25 Digital India: Relevance to Gujarat State Committee on Digital India has been proposed, which shall be headed by Chief Minister. State level Apex Committee on Digital India is proposed to be headed by Chief Secretaries for resource allocation, priority setting and resolving issues if any State Governments will be consulted for feasible locations and corresponding number of BPO seats, with respect to the BPO scheme Funding commitment from EDF based on KITVEN model may be considered by state Government Collaboration with IoT CoE and NCFlexE as partners for VG

26 Invest India Guiding Your Investments 25

27 Invest India Objectives and Structure Objective First reference point for investors Acts as a facilitator and partner offering handholding services to the investors Structure A National Investment Promotion & Facilitation Agency A Joint Venture (Not for Profit Company) between o Department of Industrial Policy & Promotion (DIPP) (35% equity ) o Federation of Indian Chambers of Commerce and Industry (FICCI) (51% equity) o All State Governments (0.5% equity each) 26

28 Invest India Service stages (1/2) Pre-investment stage Fact capsules on industry and competitive landscape Information on incentives and subsidies & policy elucidation Industry opportunity assessment and market validation Investment risk assessment political, legal and economic Information/data support for business plans - Cost estimation Advise on arranging finances, human capital and other resources Location assessment inputs Inputs on legal system, regulatory landscape, taxation Clarification on FDI policies/foreign Exchange rules 27

29 Invest India Service stages (2/3) Investment Execution Professional support for documentation work Advise about entry routes to India/FDI Procedures Corporate and industry introductions Applicability of industrial licenses and compliances Clarification on policies and eligibility for incentives Land/site procurement and site visits JV and strategic partner search 28

30 Invest India Service stages (3/3) Aftercare services Support and advisory services for expansion of operations Mitigating hassles in operating business due to unlawful interventions Tackling delays in getting licenses, company incorporation, etc. Handling grievance with public entities and Government depts Advocating policy changes affecting business/industries 29

31 Invest India: Relevance to Gujarat Information pertaining to markets/sectors, policy initiatives and probable site locations may be shared, KP to assist Association for VG 2017 information sharing for meetings during international roadshows, association for exhibition (main summit) and seminars (main summit) Representative from Invest India to join on international roadshows Information dissemination about VG 2017 to prospective investors 30

32 Swachh Bharat Abhiyan One Step Towards Cleanliness 31

33 Swachh Bharat Abhiyan Purpose of the Project: Filth-free country in five years, to construct community and public toilets in rural and urban areas, to provide water supply, to treat waste water, to keep roads, pavements and localities clean etc. The "Swachh Bharat Abhiyan" has two sub missions: Swachh Bharat Abhiyan (rural) - Ministry of Drinking Water and Sanitation and Ministry of Rural Development Swachh Bharat Abhiyan (urban) Ministry of Urban Development Objectives Elimination of open defecation Modern and Scientific Municipal Solid Waste Management To effect behavioral change regarding healthy sanitation practices Generate awareness about sanitation and its linkage with public health Capacity Augmentation for ULBs To create an enabling environment for private sector participation in Capex (capital expenditure) and Opex (operation and maintenance) 32

34 Swachh Bharat Abhiyan: Programme Components Construction of individual sanitary (mostly pit latrines) for households below the poverty line with subsidy (80%) where demand exists and setting up of sanitary marts. Conversion of dry latrines (pit latrines without a water seal) into low-cost sanitary latrines. Construction of exclusive village sanitary complexes for women providing facilities for hand pumping, bathing, sanitation and washing on a selective basis where there is not adequate land or space within houses and where village panchayats are willing to maintain the facilities. Total sanitation of villages through the construction of drains, soakage pits, solid and liquid waste disposal. Intensive campaign for awareness generation and health education to create a felt need for personal, household and environmental sanitation facilities. End of manual scavenging of garbage. 33

35 Swachh Bharat Abhiyan: Overall Target vs Progress Achieved Swachh Bharat Abhiyan projects have been launched in the entire rural India covering 627 districts in 31 states/uts, for which a provision of USD 565 million including USD 156 million for urban sanitation has been made for the year S. No. Components Progress Achieved Overall Target a) Individual Household Toilets b) Community and Public Toilets c) Solid Waste Management i) Achievement of 100% collection & transportation lakh units (Constructed & Approved) 1.04 crore units 27,134 units 5.08 lakh units 32,292 municipal wards To achieve Scientific Solid Waste Management in 4041 cities/ towns for 30.6 crore Persons 34

36 Swachh Bharat Abhiyan: Relevance to Gujarat Total uncovered households for toilets construction 19,29,509 Of the total 73 cities surveyed under the Swachh Survekshan initiative (on cleanliness, availability of dustbins, door to door collection of waste, distance to nearest toilets, availability of public toilet and availability of individual household toilet) under the Swachh Bharat Abhiyan, the 5 shortlisted cities in Gujarat have been ranked as follows: Gandhinagar Rank 42 Ahmedabad Rank 14 Rajkot Rank 7 Surat -Rank 6 Vadodara Rank 13 35

37 AMRUT Atal Mission for Rejuvenation and Urban Transformation 36

38 AMRUT: Atal Mission for Rejuvenation and Urban Transformation Objectives: Augmentation, expansion, improvement and increase in efficiency of water supply, sewerage, storm water drainage, urban transport and creation of green space/parks and capacity building Coverage 500 cities (population more than 100,000) Fund Allocation Rs. 50,000 crore for five years (2015 to 2020). Central Assistance will be: i. 50% of project cost to cities with population less than 1 million ii. 1/3 rd of the project cost to cities with population of more than 1 million iii. Assistance will be in tranches of 20:40:40 iv. For planning activities Rs. 2.5 million assistance for each of the 500 cities 37

39 AMRUT flow chart for AMRUT Mission Projects Preparation of State Level Improvement Plan (SLIP) by ULBs Integration of all SLIP to form State Annual Action Plan (SAAP) SAAP is approved by State Level High Powered Steering Committee (SHPSC) SAAP approval by Apex Committee of Centre Administrative Approval by SHPSC Technical Approval by State Level Technical Committee Release of First Installment of Central Assistance Execution 38

40 AMRUT Relevance to Gujarat 31 Cities of Gujarat included under the AMRUT Mission (all Municipal Corporations included) SLIP, SAAP completed. SHPSC constituted, PMC appointment in progress A total of 70 projects have been identified, of which 76% of the projects are in sewerage sector A total of Rs crore grant is expected for these projects, of which Central Assistance will be of Rs crore Central Assistance may increase based on state s performance 39

41 SMART CITY MISSION 40

42 Smart City Mission Objective Promote cities that provide core infrastructure, give a decent quality of life to its citizens, a clean and sustainable environment and application of Smart Solutions. Focus Sustainable and inclusive development Creation of replicable models Coverage : 100 cities for a duration of five years ( ) 41

43 Smart City Mission Initiatives proposed by GoI E-Governance & Citizen Services Waste and waste water management Water management Energy management Urban Mobility Tele-medicine and tele-education Incubation/Trade Facilitation Centres Skill Development Centres 42

44 Smart City Mission Relevance to Gujarat Under Phase I of the Mission, Government of India allotted 6 cities (Gandhinagar, Ahmedabad, Surat, Vadodara, Rajkot, Dahod) from Gujarat to be developed as Smart Cities Based on the Smart City Proposals submitted for each of the 6 cities under the Smart City Challenge 2 cities (Ahmedabad and Surat) have been shortlisted These cities will receive INR 100 crore from GoI for a period of 5 years, for implementation of Smart City initiatives State Level High Powered Committee and Smart City Advisory Forum (city level) has been created 43

45 Smart Village Program of Gujarat Government 44

46 Smart Village Program of Gujarat Government Initiative to make villages smart on the lines of Smart Cities that will help them become self-reliant, clean and hygienic 300 villages across the state will be transformed as Smart Village in the first phase Villages will be identified by Taluka and district level committees and will be shortlisted by the state-level committee on the basis of Gram Panchayat s performance are on parameters like : Cleanliness, toilets, drop-out rate in primary schools, Anganwadi facilities, malnutrition ratio, vaccination of children, ATVT services etc. Punsari village in Sabarkantha district is 1 st WiFi enabled smart village in India 45

47 Punsari Village development Proper sanitization with toilets in every home The village is having all weather road and block road with covered pucca drainage system. 16 point CCTV cameras and monitors linked with mobile application been installed at key locations Mineral RO plant is installed with no profit and no loss basis. RO Plant also installed in Schools 400 LED street lights have been put up, which run on solar power The Gram Panchayat has developed a mechanism through which the villagers can pay their taxes online 46

48 Skill India Kaushal Bharat, Kushal Bharat 47

49 Skill India Objectives & Initiatives Objective To train over 40 crore people in India in different skills by 2022 Four initiatives have been launched to achieve the objective: National Skill Development Mission National Policy for Skill Development and Entrepreneurship 2015 Pradhan Mantri Kaushal Vikas Yojana Skill Loan Scheme 48

50 Skill India - Initiatives National Skill Development Mission The Mission has been developed to create convergence across sectors and States in terms of skill training activities Coordinated efforts from NSDC, NSDA and DGT as a part of National Skill Development Mission National Policy for Skill Development and Entrepreneurship 2015 The objective is to meet the challenge of skilling at scale with speed and standard An umbrella framework to align all skilling activities across the country to common standards and link the skilling with demand centres Will provide clarity and coherence on how skill development efforts across the country can be aligned within the existing institutional arrangements 49

51 Skill India Kaushal Bharat, Kushal Bharat Pradhan Mantri Kaushal Vikas Yojana (PMKVY) The objective is to enable and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood Some key features of the scheme: Direct Fund Transfer Demand-driven targets, Recognition of Prior Learning (RPL) Focused awareness building and mobilization activities Improved curricula, better pedagogy, trained instructors, mentorship support & evaluation Skill Loan Scheme - The objective is to provide a loan facility to individuals who intend to take up skill development courses as per the Skilling Loan Eligibility Criteria Quantum of finance Loans ranging from Rs. 5, lakhs will be made available to 34 lakh youth of India seeking to attend skill development programmes over the next five years 50

52 Skill India Relevance to Gujarat Kaushal Bharat, Kushal Bharat State Level Skill Development Missions to receive technical and financial support from the National Skill Development Mission Gujarat has over 100 PMKVY affiliated Training Centres, and certified trainees get a monetary reward from any of these Any student who has secured in ITI, Polytechnics, recognized school or university, training partners affiliated to NSDC, etc are eligible for loan under the Skill Loan scheme 51

53 Japan Plus An Initiative to Fast-track Japanese Investment into India 52

54 India - Japan Trade Relations During the visit of the Hon ble Prime Minister to Japan in Sept. 2014, the India Japan Investment Promotion Partnership, as part of the Tokyo Declaration for India Japan Special Strategic and Global Partnership was announced Over the next five years, Japan has offered to invest in India approximately 3.5 trillion Yen (USD 33.5 Billion) by way of public and private investment and financing including Overseas Development Assistance Japan is the 4 th largest FDI contributor to India, with major interests in Pharmaceuticals, Automobiles and Services Sectors and accounts for 7.46% of total FDI equity inflows into India India is an attractive investment destination for Japanese companies, with 1,072 Japanese companies having 2,542 business bases in India 53

55 Japan Plus constituted to fast track Japanese investments in India Objective - to facilitate and fast track investment proposals from Japan in India Timeline Operationalized on 8 th October 2014 Nodal Department - Department of Industrial Policy and Promotion ( 4 officials) Ministry of Economy, Trade and Industry (METI),Japan ( 2 officials) GoI has also constituted a Core Group chaired by Cabinet Secretary on India- Japan Investment Promotion Partnership. This group comprises of Chairman- Railway Board, Foreign Secretary and Secretaries of DIPP, Economic Affairs, Expenditure, Financial Services, Revenue, Commerce, Urban Development, Electronics and Information Technology and others The Core Group will co-ordinate and closely monitor the process to ensure that investments from Japan as envisaged in India Japan Investment Promotion Partnership 54

56 Japan Plus Activities Special management team runs through the entire spectrum of investment promotion research, outreach, promotion, facilitation and aftercare The team support GoI in initiating, attracting, facilitating, fast tracking and handholding Japanese investments across sectors The team is responsible for providing updated information on investment opportunities across sectors, in specific projects and in industrial corridors The team also identifies prospective Japanese companies, including, SMEs and facilitate their investments in India To undertake regular benchmarking studies, identifying bottlenecks and areas of concern in sectors of interest to Japanese companies, and analyzing their impact on industrial development production in India. Japan Plus will be coordinated by Mr. Kenichiro Toyofuku from METI 55

57 Korea Plus An Initiative to facilitate South Korean Investment into India 56

58 India Korea Trade Relations During the visit of the Hon ble Prime Minister to South Korea in May 2015, the MoU for establishing Korea Plus was signed by the two countries South Korea announced to provide $10 billion to India for infrastructure, development of smart cities, railways, power generation and other diversified areas to upgrade their bilateral relationship to a Special Strategic Partnership. The bilateral trade between the countries stood at USD billion in

59 Korea Plus constituted to facilitate Korean investments in India Objective - to facilitate and promote investment proposals from Korea in India Timeline Operationalized on 18 th June 2016 Nodal Department - Department of Industrial Policy and Promotion (DIPP) Korea Plus, operationalized on June 18, 2016 comprises of a representative from the Ministry of Industry, Trade and Energy, Government of the Republic of Korea and representative from Korea Trade Investment and Promotion Agency (KOTRA) and three representatives from Invest India. 58

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61 Gujarat State s initiatives under Startup India Objective To promote the spirit of innovation and incentivize entrepreneurship among youth by providing specific sector skills and seed capital Assistance - Rs. 10,000/- per month for the innovator as sustenance allowance for one year Up to Rs. 5 Lakh assistance for mentoring service to the institution Up to Rs. 10 Lakh assistance will be provided for Cost of Raw Material/Components & other related equipment required for the innovative process for the new product development Free access to University/Libraries/Govt. Labs/SDCs(GIDC)/CoE/PSUs to selected innovators Marketing/publicity assistance of up to Rs. 10 lakh 70% of eligible fixed capital investment of eligible unit will be considered for reimbursement Encouraging Universities for Start-ups, innovative product development and technology transfer 60

62 Digital India Institutional Structure 61