NIRMALA SITHARAMAN ANNOUNCEMENT : "PLI SCHEME FOR ELECTRONICS MANUFACTURING EXTENDED TILL 2025-26"
Union Finance Minister Nirmala Sitharaman is saying measures to enhance boost health infrastructure and exports amongst others.
The PLI scheme for massive scale electronics production gives incentives of 6% tapering right all the way down to 4% on incremental income of goods. The incentives have been to be relevant from August 1, 2020. Now, we've got prolonged the tenure of the scheme via way of means of three hundred and sixty five days until 2025-26, and for folks who made investments in 2020-21 gets counted on this due to the fact we've got given them the choice to pick out any 5 years to fulfill the manufacturing target.
The agencies which have been now no longer capable of reap objectives had very many valid motives so that they had been given greater time.
We are executing the Budget declaration of results-connected incentive scheme for electricity distribution. It is a chief reform as a way to have a State-particular approach, now no longer a one length suits all approach. The scheme has been allotted Rs 3.03 lakh crore, with the Centre's percentage at Rs 97, 631 crore.
This is a chief step and the quantity being introduced is likewise big.
For Digital India, the PM had referred to that broadband connectivity might be to be had for all gram panchayats in one thousand days from the Independence Day of 2020.
1,56,223 gram panchayats at the moment are service-ready. The relaxation should be prolonged the equal facility so an extra Rs 19,041 crore is being furnished with the intention to meet the 1,000 days target. This is a completely new quantity I am saying, taking the BharatNet venture overall price to Rs 61,109 crore. We ought to have the ability to finish the paintings with this quantity.
The subsequent object pertains to the extension of the Atmanirbhar Bharat Rozgar Yojana to incentivise employers to create new jobs and repair lack of employment thru the EPFO.
Since October until June 18, approximately 21.forty two lakh beneficiaries in 79,000-bizarre institutions have received from this. We are extending the scheme from the cutting-edge closing date to June 30, 2021 until March 31, 2022.
Under the scheme, the authorities gives subsidy for brand new personnel incomes much less than Rs. 15,000 a month thru complete EPF contributions (24% of salary) for 2 years in corporations with much less than 1,000 personnel. For corporations with over 1,000 personnel, the authorities is bearing 1/2 of of the EPF contribution. Rs 902 crore has been dispensed below the scheme so far.