Category: MIL-OSI

Source: Government of India

Government Strengthens financial assistance for Loan Schemes for Entrepreneurs, Farmers, Small Businesses and startups

PMMY Offers Collateral-Free Loans for Small Businesses across Four Categories

New Loan Scheme for first-Time Entrepreneurs announced in Union Budget 2025-26

In Union Budget 2025-26, the government raised MISS loan limit for KCC borrowers from ₹3 lakh to ₹5 lakh

Jan Samarth Portal: One-Stop Digital Platform for Easy access to 15 Government Loan Schemes

Posted On: 25 MAR 2025 5:48PM by PIB Delhi

The Government runs many credit Schemes for small traders, farmers and startups. The details of few of these schemes are mentioned below.

It provides collateral-free institutional credit through Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).

Any individual, who is otherwise eligible to take a loan and has a business plan can avail loan under the Scheme. The loan is available for income generating activities in the manufacturing, trading, services sector and also for activities allied to agriculture across four loan products, viz. Shishu (loans up to Rs. 50,000), Kishore (loans above Rs. 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs. 5 lakh and up to Rs. 10 lakh).  Loans upto Rs. 20 lakh under Tarun Plus category are given to those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category.

The objective of the Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and    Rs. 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one Woman borrower per bank branch for setting up greenfield enterprise in manufacturing, services or trading sector, including activities allied to agriculture.

Under both the Schemes, the prospective borrowers may avail the loan for trading, activities allied to agriculture and for new business.

As per para 32 of Union Budget 2025-26 “A new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first- time entrepreneurs. This will provide term loans upto Rs.2.00 crore during next 5 years.  The Scheme will incorporate lessons from successful Stand Up India Scheme.  Online capacity building for entrepreneurship and managerial skills will also be organized.”

Kisan Credit Card (KCC), introduced in 1998, is a banking product that provides farmers with timely and affordable credit for purchasing agricultural inputs such as seeds, fertilizers, and pesticides, as well as for meeting cash requirements related to crop production and allied activities.  In 2019, the KCC scheme was extended to cover the working capital requirements of allied activities, viz. Animal Husbandry, Dairy and Fisheries.

Government of India under Modified Interest Subvention Scheme provides Interest Subvention of 1.5% to banks for providing short-term working capital loans upto Rs. 3 lakh at 7% p.a. Further, a Prompt Repayment Incentive of 3% is also provided to farmers on timely repayment of loans. Therefore, effective interest rate for farmers is 4%. In the Union Budget 2025-26, the Government has announced to enhance loan limit under the MISS from Rs. 3 lakh to Rs. 5 lakh for loans taken through the KCC.

The Jan Samarth portal is a one-stop digital platform for linking fifteen Government-sponsored loans and subsidies Schemes. It provides a quick and efficient way to apply for loans and obtain approvals based on a digital evaluation of the applicant’s data. Further, many Banks and financial institutions have developed online platforms and mobile apps for end to end digital processing of loan applications, reducing the need for physical paperwork and in-person visits.   

This information was given by Minister of State in the Ministry of Finance Shri Pankaj Chaudhary written reply to a question in Rajya Sabha today.

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NB/AD

(Release ID: 2114938) Visitor Counter : 168

Source: Government of India

Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Shri. Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaborations in Quantum, Artificial Intelligence (AI) and geospatial AI solutions

Both sides acknowledge the transformation of India under Prime Minister Narendra Modi which has placed this country as a frontline nation in AI and next-generation technologies

Dr. Jitendra Singh reaffirms government’s pro-technology and forthcoming stance on innovation ecosystem with synergistic collaboration and partnership with the Private sector

S&T Minister reiterates Prime Minister Narendra Modi’s unwavering support for a deep tech enabled India with indigenous solutions

Posted On: 25 MAR 2025 5:49PM by PIB Delhi

In a significant step towards elevating India’s global position in emerging technologies, Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaboration in Quantum, Artificial Intelligence (AI) and geospatial AI solutions.

The meeting between the two delegations took place in the backdrop of India’s recently launched National Quantum Mission, positioning the country as a global leader in quantum technologies.

During the discussion, both sides acknowledged the transformation of India under Prime Minister Narendra Modi which has placed this country as a frontline nation in AI and next-generation technologies.

They deliberated on possibilities of integrating geospatial AI solutions to drive innovation and technological advancements across various sectors.

Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology, Earth Sciences, and Personnel, Public Grievances and Pensions, reaffirmed the Government of India’s pro-technology stance and its commitment to fostering a robust innovation ecosystem. He highlighted the government’s proactive approach in welcoming private sector participation, citing recent breakthroughs in the space sector following its unlocking for private investment. He also referenced the Union Budget announcement allowing non-government sectors to participate in nuclear energy development as a testament to India’s commitment to deep-tech innovation.

Emphasizing the need for global collaboration, Dr. Jitendra Singh stated that India is now more open than ever to partnerships with private sector players to scale up technological advancements at a global level. He highlighted the role of the Anusandhan National Research Foundation (ANRF) in creating a strong research ecosystem and expressed confidence in the potential of Indian youth to achieve the goals of Viksit Bharat @ 2047.

The Union Minister reiterated the government’s unwavering support for a deep-tech enabled India, emphasizing indigenous solutions and self-reliance in critical technologies. He also asserted that India is at par, if not ahead, of other nations in the field of emerging technologies.

Prof. Abhay Karandikar, Secretary, Department of Science and Technology, actively participated in the discussions, assuring full support from government institutions to facilitate technological collaborations.

From the IBM delegation, Sandip Patel, Country General Manager and MD; Kishore Balaji, Executive Director – GRA; and Amith Singhee, Director, IBM Research India & CTO, were also present, expressing their commitment to deepening IBM’s engagement with India’s technology ecosystem.

The meeting marked a pivotal moment in India’s journey toward becoming a global leader in quantum computing, AI, and deep-tech innovations, with synergistic collaboration between the government and private sector driving the nation toward a technologically advanced future.

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NKR/PSM

(Release ID: 2114941) Visitor Counter : 149

Source: Government of India

Posted On: 25 MAR 2025 5:49PM by PIB Delhi

Annexure-II

Status of fisheries infrastructure projects approved under Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

Fishing Harbours

Sl No.	State	Name of the Project With Districts	Financial Year	Amount eligible for interest subvention	Loan Sanctioned	Loan Disbursed	Status	Physical Status	Financial Status
(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)
1	Andhra Pradesh	Fishing Harbour at  Uppada in East Godavari	2019-2020	150.00	150.00	Nil	Project Ongoing	63.14%	40.87%
2	Andhra Pradesh	Fishing Harbour at  Machilipattinam in Krishna District	2019-2020	150.00	150.00	Nil	Project Ongoing	58.35%	59.95%
3	Andhra Pradesh	Fishing Harbour at Nizampattinam in Guntur District	2019-2020	150.00	150.00	Nil	Project Ongoing	61.10%	38.26%
4	Andhra Pradesh	Fishing Harbour at Vodarevu in Prakasham District	2019-2020	150.00	Nil	Nil	Project Yet to Start	NR	NR
5	Gujarat	Fishing Harbour at Porbandar-Phase: 2	2019-2020	150.00	Nil	Nil	To take up	NR	NR
6	Gujarat	Fishing Harbour at Navabandar	2019-2020	150.00	150.00	41.44	Project Ongoing	95%	90.00%
7	Gujarat	Fishing Harbour at Madhwad in Junagad District	2019-2020	150.00	150.00	4.02	Project Ongoing	14.19%	10.27%
8	Gujarat	Establishment of Fishing Harbour at Veraval – Phase: 2 in Gir Somnath District	2019-2020	150.00	150.00	1.66	Project Ongoing	47.59%	42.46%
9	Gujarat	Establishment of Fishing Harbour at Sutrapada	2019-2020	150.00	150.00	1.48	Project Ongoing	33.61%	19.82%
10	Kerala	Development of Arthunkal Fishing Harbour	2020-2021	150.00	150.00	0.50	Project Ongoing	NR	NR
11	Tamil Nadu	Fishing Harbour at  Tharangampadi in Nagapattinam District	2018-2019	120.00	108.00	107.94	Project Completed	100%	100%
12	Tamil Nadu	Fishing Harbour at  ThiruvottriyurKuppam in Tiruvallur District	2018-2019	150.00	150.00	135.655	Project Completed	100%	60%
13	Tamil Nadu	Fishing Harbour at Mudhunagar in Cuddalore	2018-2019	100.00	90.00	83.6281	Project Completed	100%	82%
14	Tamil Nadu	Fishing Harbour at  Vellapallam in Nagapattinam	2018-2019	100.00	100.00	42.6123	Project Ongoing	79%	76%
15	Tamil Nadu	Fishing Harbour at Azhagankuppam in Villupuram District	2019-2020	150.00	150.00	Nil	Project Ongoing	2%	1%
16	Tamil Nadu	Fishing Harbour at  Arcottuthurai in NagapattinamDisrtict	2019-2020	150.00	150.00	116.98	Project Ongoing	91%	89%
17	Tamil Nadu	Export Infrastructures in Mookaiyur Fishing Harbour in Ramanathapuram District	2020-2021	20.00	20.00	11.90	Project Completed	100%	90%
18	Tamil Nadu	Additional berthing facilities in Fishing Harbour at Thoothukudi	2020-2021	25.00	25.00	Nil	Project Completed	100%	100%
19	Tamil Nadu	Additional arrangements and Dredging the Fishing Harbour in Nagapattinam	2020-2021	6.00	6.00	5.79	Project Completed	100%	89%
20	Tamil Nadu	Extension of Fishing harbour in Kanyakumari	2020-2021	150.00	150.00	30.00	Project Ongoing	66%	54%
21	West Bengal	Infrastructural development at Deshpran Fishing HarbourPetuaghat.	2019-2020	3.25	0.00	Nil	Project Dropped	NR	NR
22	Maharashtra	Post Harvesting Facilities in Fisheries Habour at Ratnagiri	2022-2023	146.90	146.90	Nil	project ongoing	5%	0%
23	Maharashtra	Infrastructural Facilities in Fisheries Harbour at  Raigad.	2022-2023	150.00	150.00	Nil	project ongoing	45%	32%
24	Maharashtra	Infrastructure Facilities Fisheries Habour at Dapoli, Ratnagiri District	2022-2023	150.00	150.00	Nil	project ongoing	10%	7%
25	Maharashtra	Fisheries Harbour at Shrivardhan, Raigad	2022-2023	119.64	119.64	Nil	Project Yet to Start	NR	NR
26	Tamil Nadu	Modernisation of Fishing Harbour in Nagapattinam	2022-2023	81.00	81.00	Nil	Project Ongoing	79%	76%
27	Tamil Nadu	Additional Infrastructure facilities in Fishing Harbour at Thoothukudi	2022-2023	10.00	10.00	Nil	Project Ongoing	94%	84%
28	Maharashtra	Fisheries Harbour at Satpati, Palghar	2022-2023	150.00	150.00	Nil	Project Yet to Start	NR	NR

 

Fish Landing Centres

Sl No.	State	Name of the Project With Districts	FY	Amount eligible for interest subvention	Loan Sanctioned	Loan Disbursed	Status	Physical Status	Financial Status
(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)
1	Odisha	Fish Landing Centre at Khordha	2020-2021	9.29	Nil	Nil	Project Dropped	NR	NR
2	Odisha	Fish Landing Centre at Khordha	2020-2021	7.56	Nil	Nil	Project Dropped	NR	NR
3	Odisha	Fish Landing Center at Bhadruk	2020-2021	7.85	Nil	Nil	Project Dropped	NR	NR
4	Tamil Nadu	additional facilities to Fish Landing Centre at Portonovo-Annankovil in Cuddalore	2020-2021	10.00	10.00	3.85	Project Completed	100%	100%
5	Tamil Nadu	Fish Landing Centre at Keelamunthal in Ramanathapuram	2020-2021	10.00	10.00	8.50	Project Completed	100%	100%
6	Tamil Nadu	Additional Infrastructure facilities to Fish Landing Centre at Mudasalodai Village in Cuddalore	2020-2021	9.50	9.50	6.05	Project Completed	100%	100%
7	Tamil Nadu	Fish Landing Centre at Chandrapadi village in Nagapattinum	2020-2021	10.00	10.00	Nil	Project Completed	100%	100%
8	Tamil Nadu	Fish Landing Centre at Vanagiri Village in Nagapattinam	2020-2021	8.00	8.00	4.85	Project Completed	100%	100%
9	Tamil Nadu	Fish Landing Centre at Keezhathottam Village in Thanjavur	2020-2021	8.00	8.00	7.89	Project Completed	100%	94%
10	Tamil Nadu	T-Jetty at Tharuvaikulam in Thoothukudi	2020-2021	10.00	10.00	10.00	Project Completed	100%	94%
11	Tamil Nadu	Fish Landing Centre at Mandapam (North) in Ramanathapuram	2020-2021	10.00	10.00	9.98	Project Completed	100%	95%
12	Tamil Nadu	Fish Landing Centre at Mandapam (South) in Ramanathapuram	2020-2021	10.00	10.00	9.98	Project Completed	100%	95%
13	Tamil Nadu	Fish Landing Centre at Aruvikarai Village in Tirunelveli	2020-2021	10.00	10.00	Nil	Project Completed	100%	100%
14	Tamil Nadu	Fish Landing Centre at Kottaipattinam, Village in Pudukottai	2020-2021	3.05	3.05	2.36	Project Completed	100%	94%
15	Tamil Nadu	Fish Landing Centre at Vadakkamapattinam, Village at Pudukottai	2020-2021	1.55	1.55	1.25	Project Completed	100%	97%
16	Tamil Nadu	Fish Landing Centre at Puthukudi, Village at Pudukottai	2020-2021	1.40	1.40	1.20	Project Completed	100%	99%
17	Tamil Nadu	Fish Landing Centre at Sattankuppam at Thiruvallur	2022-2023	8.00	8.00	Nil	Project Ongoing	25%	13%
18	Tamil Nadu	Fish Landing Centre at Sunnambukulam at Thiruvallur	2022-2023	8.00	8.00	Nil	Project Ongoing	92%	38%
19	Tamil Nadu	fish landing centre at Tsunami Nagar and Akkaraigori village in Cuddalore	2022-2023	4.50	4.50	Nil	Project Completed	100%	100%
20	Tamil Nadu	fish landing centre at Sonankuppam village in Cuddalore	2022-2023	5.50	5.50	Nil	Project Completed	100%	96%
21	Tamil Nadu	Fish landing centre at Chithiraipettai and Nanjalingampettai villages in Cuddalore	2022-2023	7.50	7.50	Nil	Project Ongoing	91%	47%
22	Tamil Nadu	Fish Landing Centre at Pudhukuppam and Anichankuppam Villages in Villupuram	2022-2023	7.00	7.00	Nil	Project Ongoing	77%	21%
23	Tamil Nadu	Fish Landing Centre at Mudhaliyarkuppam and Chettynagar Villages in Villupuram	2022-2023	7.00	7.00	Nil	Project Ongoing	95%	39%
24	Tamil Nadu	Fish landing centre at Sothikuppam and Rasapettai village in Cuddalore District	2022-2023	8.50	8.50	Nil	Project Ongoing	77%	53%
				182.20	157.50	65.90

Fisheries Training Centres

Sl No.	State	Name of the Project	FY	Amount eligible for interest subvention	Loan Sanctioned	Loan Disbursed	Status	Physical Status	Financial Status
(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)
1	Himachal Pradesh	Establishment of State of art of Fisheries Training Centres, Gagret Dist. Una	2020-2021	5.00	5.00	0.54	Project Ongoing	25.25%	20.91%
2	Tamil Nadu	Construction of Integrated office building for Training Centre to the Fishermen at Trichy in Trichy	2020-2021	4.00	4.00	Nil	Project Completed	100%	94%
3	Tamil Nadu	Construction of Integrated Training Centre and Offices at Cuddalore	2020-2021	5.00	5.00	3.92	Project Completed	100%	98%
4	Tamil Nadu	Construction of Training Centre at Radhapuram in Tirunelveli District.	2020-2021	1.60	1.60	1.56	Project Completed	100%	95%
5	Tamil Nadu	Establishment of Training Centre	2022-2023	5.00	5.00	Nil	Project Completed	100%	NR
6	Tamil Nadu	Establishment of Training Centre at Mettur Dam in Salem District.	2022-2023	3.00	3.00	0.03	Project Ongoing	NR	NR
7	West Bengal	Capacity Expansion and modernisation of Govt. Freshwater Fisheries Research & Training Center, Kulia, Kalyani, Nadia	2024-2025	5.00	Nil	Nil	Project Yet to Start	NR	NR

Processing Plants

Sl No.	State	Name of the Project	FY	Amount eligible for interest subvention	Loan Sanctioned	Loan Disbursed	Status	Physical Status	Financial Status
(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)
1	Andhra Pradesh	Expansion of Processing Plant, M/s Ananda Foods, Ramayanapuram village, Bhimavaram, West Godavari District	2020-2021	8.82	8.82	8.82	Project Completed	100%	100%
2	Karnataka	Establishing Fish Processing Unit at Bangalore, by M/s Sashimi Foods Pvt.Ltd.,	2020-2021	0.68	Nil	Nil	Project Yet to Start	NR	NR
3	Odisha	EXPANSION OF SHRIMP PROCESSING UNIT OF “HIGHLAND AGRO”	2022-2023	9.13	25.00	25.00	Project Completed	100%	100%
4	Andhra Pradesh	Proposal of M/s Agro products, Andhra pradesh for setting up of a state-of-the -art shrimp processing unit in Nellore,Andhra Pradesh	2024-2025	37.39	Nil	Nil	Project Yet to Start	NR	NR
5	Maharashtra	A greenfield fish &Shrimp processing project proposed by M/s Pushpai Marine Exports Private Limited	2024-2025	22.51	Nil	Nil	Project Yet to Start	NR	NR
6	Maharashtra	Fish Processing Unit	2024-2025	5.07	Nil	Nil	Project Yet to Start	NR	NR

This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

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AA

(Release ID: 2114939) Visitor Counter : 126

Source: Government of India

The DBIM framework strengthens the government’s vision of ‘Minimum Government, Maximum Governance: Jayant Chaudhary

MSDE Launches DBIM-Compliant Website

Posted On: 25 MAR 2025 5:29PM by PIB Delhi

In a significant step toward strengthening India’s digital governance ecosystem, the Ministry of Skill Development and Entrepreneurship (MSDE) today launched its DBIM-compliant website, developed in alignment with the Digital Brand Identity Manual (DBIM) Version 3.0 introduced by the Ministry of Electronics and Information Technology (MeitY).

Launching the revamped website, Sh. Jayant Chaudhary the Minister of State (Independent Charge), MSDE, said: “The DBIM framework strengthens the government’s vision of ‘Minimum Government, Maximum Governance’ by creating a unified and citizen-centric digital ecosystem. As India’s digital economy expands, a standardized and seamless service delivery model is crucial. Our Ministry’s website, aligned with DBIM 3.0, ensures that skilling opportunities are more accessible, inclusive, and efficient for every citizen.” Sh. Chaudhary congratulated the MSDE IT team and NIC for their efforts in making this possible. Further he encouraged all stakeholders to explore the website and leverage its enhanced features for seamless access to skilling initiatives and resources.

The newly launched website enhances accessibility, uniformity, and ease of navigation for users, featuring AI-powered search, multi-language support through Bhashini, persona-led navigation, and centralized content management. With its three-click approach, it ensures citizens can seamlessly access essential services and skilling resources.

The MSDE website serves as a one-stop digital hub showcasing all flagship schemes and initiatives of the Ministry, including Skill India Mission, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Apprenticeship Promotion Scheme (NAPS), and more. Each initiative is seamlessly linked to its respective dashboard, portals, and resources, ensuring real-time access to data, performance metrics, and impact stories. The website’s integrated design enhances transparency and enables stakeholders, industries, and citizens to easily explore skilling opportunities, track progress, and engage with government programs more efficiently.

The DBIM framework, introduced by MeitY, ensures a consistent digital presence across all government ministries and platforms, fostering a seamless, integrated, and transparent governance approach. MSDE is among the first five ministries to transition to this new system, reflecting its commitment to leveraging technology for efficient public service delivery.

The Minister further urged all MSDE-operated portals to adopt DBIM standards soon, ensuring standardized governance across all digital platforms under the Skill India Mission.

For more details, visit the new MSDE website: www.msde.gov.in

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Pawan Singh Faujdar/Divyanshu Kumar

(Release ID: 2114909) Visitor Counter : 189

Source: Government of India

Government has Launched Multiple Digital Initiatives for Transparency and Efficiency, Reducing compliance burden in corporate filings

MCA21 V3 gives Enhanced Security with Web-Based Forms and Multifactor Authentication

MCA Portal Mobile App provides stakeholders with easy access to various services available on MCA21 website

Posted On: 25 MAR 2025 5:50PM by PIB Delhi

To prevent fraudulent filings, web-based online forms have been introduced in MCA21 V3, incorporating field-level validations and auto-prefill functionalities across forms. Furthermore, multifactor authentication has been implemented to verify the identity of users accessing the system. Additionally, measures such as masking private information from public view have been adopted to ensure the confidentiality and integrity of the data.

The Ministry has introduced several digital initiatives to enhance transparency, efficiency, quickness in service delivery for reducing compliance burden and enhancing user experience, a few are listed below: 

1. The Centre for Processing Accelerated Corporate Exit (CPACE) for centralized processing of voluntary closure of Companies/LLPs.
2. The Centralized Processing Centre (CPC) streamlines the verification process for various Non-STP forms by consolidating operations at a single location, replacing multiple RoC locations. 
3. The MCA Portal Mobile App offers stakeholders seamless access to various services available on the MCA21 website. 
4. The Chatbot serves as a unified communication channel, allowing stakeholders to interact via chat or call for query resolution. 
5. The E-Adjudication system provides an end-to-end online platform for the processing of adjudication cases, ensuring efficiency and transparency.
6. Stakeholders can also raise tickets on the MCA21 portal to provide feedback and report grievances if any, regarding challenges faced.

The total number of corporate filings, processed through MCA21, have steadily increased from 67,02,788 in 2020-21 to 80,77,210 in 2023-24, reaching 84,30,731 by February 2025.

This information was given by Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra in Rajya Sabha today

 

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 NB/AD

(Release ID: 2114940) Visitor Counter : 157

Source: Government of India

Revolutionizing Mobility

The Make in India Auto Story

Posted On: 25 MAR 2025 5:39PM by PIB Delhi

Key Takeaways

 

Introduction

Launched in 2014, the Make in India initiative has significantly transformed India’s automobile industry, fostering domestic car production and accelerating electric vehicle (EV) manufacturing. Over the past decade, policy reforms, fiscal incentives, and infrastructure development have positioned India as a key global automotive hub. The sector has attracted substantial investments, spurred innovation, and increased localization, contributing to economic growth and sustainability.

 

The Indian auto industry is one of the fastest-growing sectors. It embarked on a new journey in 1991 with the de-licensing of the sector and subsequent opening up for 100 percent FDI through the ‘automatic route’.  Since then, almost all the global majors have set up their manufacturing facilities in India, taking the level of production of vehicles from 2 million in 1991-92 to around 28 million in 2023-24.

 

 

The turnover of the Indian automotive industry is about USD 240 billion (20 Lakh Crore), which translates into a large contribution to the country’s economy and manufacturing sector. As per the Annual Report 2024-25 of the Ministry of Heavy Industries, around 30 million jobs (Direct: 4.2 million and Indirect: 26.5 million) are supported by the Indian Auto Industry.  Indian Automotive Industry exported vehicles and auto components amounting to about USD 35 billion. In terms of global standing, India is the largest manufacturer of three-wheelers, among the top 2 manufacturers of two-wheelers in the world, the top 4 manufacturers of passenger vehicles, and the top 5 manufacturers of commercial vehicles in the world.

 

Auto Components Industry in India

The auto component sector is one of the key pillars of India’s manufacturing industry, supplying critical parts and systems to domestic vehicle manufacturers and exporting to major global markets. The industry covers a broad spectrum of products, including engine parts, transmission systems, braking systems, electrical and electronics components, body and chassis parts, and more. India has become a preferred destination for auto component manufacturing due to its cost competitiveness, skilled workforce, and strong policy support. The auto component sector is expected to reach the $100 billion export target by 2030 making the sector one of the largest job creators in the country.

Overview of the Auto Components Industry

 

India’s auto component sector contributes 2.3% to India’s GDP, directly employing over 1.5 million people. The sector’s turnover in FY24 was Rs. 6.14 lakh crore (US$ 74.1 billion), with domestic OEM supplies making up 54%, and exports contributing 18%. Over FY16-FY24, the industry grew at a CAGR of 8.63%. In FY24, exports reached US$ 21.2 billion, with a trade surplus of US$ 300 million, and are projected to hit US$ 30 billion by 2026.

 

The Indian auto components industry exports over 25% of its production annually. By FY28, the Indian auto industry aims to invest US$ 7 billion to boost the localisation of advanced components like electric motors and automatic transmissions by reducing imports and leveraging the “China Plus One” trend. In 2023, the auto component industry achieved a 5.8% reduction in imports over two years. The majority of the components sold to Original Equipment Manufacturers (OEMs) are engine components (26%), body/chassis/BIW (14%), suspension and braking (15%), drive transmission and steering (13%), and electricals & electronics (11%). Major exports are to Europe (US$ 6.89 billion), followed by North America (US$ 6.19 billion) and Asia (US$ 5.15 billion).

Growth in Domestic Automobile Production

The automobile sector contributes approximately 6% to India’s national GDP, with exports reaching 4.5 million units across all categories in FY 2023-24, including 6.72 million passenger vehicles and 3.45 million 2-wheelers. Global automotive companies like Skoda Auto Volkswagen India exporting 30% of their production and Maruti Suzuki exporting around 2.8 lakh units annually, exemplify this trend.

The sector has attracted $36 billion in Foreign Direct Investment (FDI) over the past four years, highlighting India’s growing prominence in the global automotive landscape. Major international players are making substantial commitments, with Hyundai planning a USD 4 billion (INR 33,200 Crore) expansion, while Mercedes-Benz has pledged USD 360 million (INR 3,000 Crore). Recently, Toyota announced a USD 2.3 billion (INR 20,000 Crore) investment to further increase its capacity.

Electric Vehicle (EV) Manufacturing Boom

The country is also advancing in sustainable mobility, with 4.4 million Electric Vehicles (EV) registered by August 2024, including 9.5 lakh in the first eight months of 2024, achieving a 6.6% market penetration. To support this growth, the government has implemented initiatives such as the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) battery storage. In the 2024-25 Budget, the government allocated INR 2,671.33 crore under the FAME scheme and proposed the exemption of customs duties from the import of critical minerals required for EV cell components manufacturing.

Additionally, in March 2024, the Electric Mobility Promotion Scheme (EMPS) was launched with an INR 500 Crore outlay for four months, specifically targeting support for the two and three-wheeler segments to expedite the transition to electric vehicles. These initiatives align with the recent discovery of lithium deposits in Jammu & Kashmir, positioning India to become a key player in the global battery manufacturing industry in the coming years. The Indian EV sector is likewise developing quickly and is predicted to record a growth of USD 113.99 billion in 2029.

As per the inputs provided by Society of Indian Automobile Manufacturers (SIAM), the total annual production of Electric Vehicles (EVs) in India during the last five years, year-wise is as given below:

 

The Ministry of Heavy Industries has formulated the following schemes to promote electric vehicles (EVs) and to address the various challenges faced in adoption of electric mobility including availability and accessibility of charging stations in the country:

1. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II: The Government implemented this scheme for a period of five years from 1 April 2019 with a total budgetary support of INR 11,500 Crore. The scheme incentivised e-2Ws, e-3Ws, e-4Ws, e-buses and EV public charging stations. The Department of Heavy Industries has also sanctioned 2636 charging stations in 62 cities across 24 States/UTs under phase II. State-wise allocation of these charging stations is as follows:

 

2. Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto): The Government notified this scheme on 23 September 2021 for Automobile and Auto Component Industry in India for enhancing India’s manufacturing capabilities for Advanced Automotive Technology (AAT) products with a budgetary outlay of INR 25,938 Crore. The scheme proposes financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.

 

 

3. PLI Scheme for Advanced Chemistry Cell (ACC): The Government on 12 May 2021 approved PLI Scheme for manufacturing of ACC in the country with a budgetary outlay of INR 18,100 Crore. The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.
4. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: This scheme with an outlay of INR 10,900 Crore was notified on 29 September 2024. It is a two-year scheme which aims to support electric vehicles including e-2W, e-3W, e-Trucks, e-buses, e-Ambulances, EV public charging stations and upgradation of vehicle testing agencies.
5. PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme: This Scheme notified on 28 October 2024, has an outlay of INR 3,435.33 Crore and aims to support deployment of more than 38,000 electric buses. The objective of scheme is to provide payment security to e-bus operators in case of default by Public Transport Authorities (PTAs).
6. Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SMEC) was notified on 15 March 2024 to promote the manufacturing of electric cars in India. This requires applicants to invest a minimum of INR 4,150 crore and to achieve a minimum DVA of 25% at the end of the third year and DVA of 50% at the end of the fifth year.

Measures taken by other Ministries include the following initiatives:

1. Ministry of Power has issued guidelines and standards for EV Charging Infrastructure titled, “Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024” on 17 September 2024.  These revised guidelines outline standards and protocols to create a connected & interoperable EV charging infrastructure network in the country. 
2. Ministry of Finance has reduced GST on EVs from 12% to 5%.
3. Ministry of Road Transport & Highways (MoRTH) announced that the battery-operated vehicles will be given green plates and be exempted from permit requirements.
4. Ministry of Housing and Urban Affairs has amended the Model Building Bye-Laws, mandating the inclusion of charging stations in private and commercial buildings.

Conclusion

The Make in India initiative has driven unprecedented growth in India’s automobile sector and Indi’s auto component sector, significantly boosting domestic car production and EV manufacturing. Through sustained policy support, investment influx, and technological advancements, India is on track to becoming a global leader in automotive and electric mobility and achieving greater self-reliance in the automotive sector.

References

https://e-amrit.niti.gov.in/national-level-policy

https://www.investindia.gov.in/sector/automobile

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2084148

https://www.makeinindia.com/6-superstar-sectors-boosting-make-india

https://sansad.in/getFile/annex/266/AU2160_wHAoIx.pdf?source=pqars

https://www.startupindia.gov.in/content/sih/en/bloglist/blogs/automobiles.html

https://www.heavyindustries.gov.in/sites/default/files/2025-02/heavy_annual_report_2024-25_final_27.02.2025_compressed.pdf

https://sansad.in/getFile/loksabhaquestions/annex/183/AU1262_4BzeHa.pdf?source=pqals

https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/sep/doc2024925401801.pdf

https://www.investindia.gov.in/sector/auto-components

https://heavyindustries.gov.in/pli-scheme-automobile-and-auto-component-industry

https://www.myscheme.gov.in/schemes/plisaaci

https://pib.gov.in/PressReleasePage.aspx?PRID=2053179

https://pib.gov.in/PressReleasePage.aspx?PRID=2085938

https://invest.up.gov.in/auto-components-sector/

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Santosh Kumar | Sarla Meena | Rishita Aggarwal

(Release ID: 2114919) Visitor Counter : 174

Source: Government of India

Posted On: 25 MAR 2025 5:51PM by PIB Delhi

Government is reviewing the financial performance of Regional Rural Banks (RRBs) at national and regional levels. The agenda items for the review meetings, inter-alia, include:

1. Review of the performance of RRBs on Financial Parameters and technology upgradation.
2. Thrust on Micro Small and Medium Enterprise (MSME) portfolio.
3. Importance on loan diversification towards Agri-allied, MSME and Retail Sectors. 

 Financial health of RRBs has improved in the recent years as they have posted highest ever consolidated net profit of ₹ 7,571 crore during FY 2023-24. Also, the RRBs have shown consistent improvement in key financial parameters like CRAR, deposits, advances, NPA, CD ratio etc. The Key Financial Parameters of RRBs have improved consistently in past years. The Total Balance sheet Size of RRBs have increased from Rs. 7,04,556 Crore in FY 2021- 22 to Rs. 8,40,080 Crore in FY 2023-24. Further the Net NPA has declined from 4.7% in FY 2021- 22 to 2.4%  in FY 2023-24. Also the Credit to Deposit Ratio has increased from 64.5% to 71.4% from FY 2021-22 to FY 2023-24.

Government has also reviewed the progress made by RRBs in deepening financial inclusion in rural and remote areas by reviewing performance on various financial inclusion schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana etc.

This information was given by Minister of State in the Ministry of Finance Shri Pankaj Chaudhary written reply to a question in Rajya Sabha today.

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NB/AD

(Release ID: 2114942) Visitor Counter : 170

Source: Government of India

Ministry of Fisheries, Animal Husbandry & Dairying

Aquaculture and Marine Export

Posted On: 25 MAR 2025 5:42PM by PIB Delhi

(Release ID: 2114923)

Source: Government of India

Posted On: 25 MAR 2025 5:55PM by PIB Delhi

The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying, Government of India has established a robust framework for early detection, reporting and control of aquatic animal diseases. Under the central sector component of Pradhan Mantri Matsya Sampada Yojana (PMMSY), Department of Fisheries is implementing the National Surveillance Programme for Aquatic Animal Diseases (NSPAAD) through ICAR-National Bureau of Fish Genetic Resources, Lucknow with total outlay of ₹ 33.78 crore. NSPAAD involves systematic surveillance across all the States/UTs in the country to identify disease risk, improve disease management and promote healthy aquatic ecosystem. This is a pan-India program, being implemented in collaboration with 54 partner institutions, includes ICAR fisheries research institutes, namely ICAR- Central Institute of Fisheries Education, Mumbai; ICAR- Central Institute of Brackishwater Aquaculture, Chennai; ICAR-Central Inland Fisheries Research Institute, Barrackpore; ICAR-Central Institute of Freshwater Aquaculture, Bhubaneswar; ICAR-Central Marine Fisheries Research Institute, Kochi; ICAR-Directorate of Coldwater Fisheries Research, Bhimtal; ICAR- Central Institute of Fisheries Technology, Cochin;  fisheries colleges /universities and state governments. The programme supports fish farmers by generating awareness, issuing advisories and capacity building campaigns. Under the National Surveillance Programme for Aquatic Animal Diseases (NSPAAD), the Department of Fisheries has also launched an android-based mobile app known as “Report Fish Disease”. The app provide a central platform for connecting and integrating fish farmers, field-level officers and fish health experts seamlessly. In addition, the Coastal Aquaculture Authority (CAA) under the Department of Fisheries, Govt. of India promotes biosecurity and disease prevention through farm management guidelines.

To strengthen aquatic health and disease management across the country, the Department of Fisheries under the Pradhan Mantri Matsya Sampda Yojana (PMMSY) has developed a network of 19 disease diagnostic centre and quality testing labs, 31 mobile centres and testing labs and 6 Aquatic referral labs. Additionally, the Department of Fisheries, Govt. of India is actively engaged with World Organization for Animal Health (WOAH), Paris, France and Network of Aquaculture Centres in Asia-Pacific (NACA), Bangkok, Thailand to improve aquatic animal health in India.

This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

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AA

(Release ID: 2114949) Visitor Counter : 119

Source: Government of India

Posted On: 25 MAR 2025 5:59PM by PIB Delhi

The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying, Government of India has taken note of the imminent threat to the Blue Economy posed by climate change, which may affect the livelihoods of fishermen and other coastal communities. In this regard, the Department of Fisheries, Government of India under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in consultation with the coastal State Governments, has identified 100 coastal fishermen villages situated close to the coastline as Climate Resilient Coastal Fishermen Villages (CRCFV). The activities promoted in the identified coastal fishermen villages under PMMSY are need-based facilities, including development of common facilities like fish drying yards, fish processing centers, fish markets, fishing jetties, ice plants, cold storages, and emergency rescue facilities. The Government is also promoting the climate-resilient livelihoods like aquaculture, especially the mariculture of seaweed, food and ornamental fishes, bivalves etc. through the schemes of the Department of Fisheries, Government of India. Further, for livelihood and nutritional support for socio-economically backward active traditional fisher’s families during fish ban/lean period and insurance cover to fishers are also provided under the PMMSY scheme. Additionally, the ICAR-Fisheries Research Institutes have been contributing to promote inland and marine aquaculture activities through ongoing research, technology development, and capacity-building programs with funding support of the Government of India.

The Department of Fisheries, Government of India has not received any assistance from the  Food and Agricultural Organization (FAO) in this regard. However, to combat marine plastic pollution, particularly from fishing and maritime sectors, the Department of Fisheries, Government of India has been actively engaged in the global and regional efforts like Glolitter Partnership Project and Reglitter Project both of which are jointly implemented by the International Maritime Organization (IMO), Food, and Agriculture Organization of the United Nations (UN-FAO). These projects focus on preventing and reducing Marine Plastic Litter (MPL) from sea-based sources, with an emphasis on addressing abandoned, lost, or discarded fishing gear (ALDFG) and wastes from ships. The Bay of Bengal Large Marine Ecosystem (BOBLME) Project funded by the Global Environment Facility (GEF) and NORAD with co-financing from member countries and being implemented by the FAO in partnership with regional organizations viz. Bay of Bengal Programme Inter-Governmental Organization (BOBP-IGO) in its member countries, including India. The BOBLME Project is promoting the concept of Ecosystem Approach to Fisheries Management (EAFM) that aims to integrate ecological health, social equity, and economic sustainability, ensuring that fisheries management addresses broader ecosystem and community needs. The Department of Fisheries, Government of India hosted the FAO Workshop on Mainstreaming Climate Change into International Fisheries Governance and Strengthen of Fisheries Management Measures in the Indo-Pacific Region, organized by BOBP-IGO and NFDB during 16^th -19^th  October, 2023. Over 15 Regional Fisheries Bodies from the region participated in the event and identified potential areas for collaboration and the capacity development needs in mainstreaming climate change in fisheries management.

This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

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AA

(Release ID: 2114953) Visitor Counter : 151