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chinmayfinlease · 5 months ago

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Union Budget 2025: What’s Changed from Last Year?

Chinmay Finlease knows that the beginning of each year drives everyone’s attention to the budget of the year. The introduction of a budget creates concern and expectations for taxpayers, salaried employees, business persons, industrialists and each person in India.

While Hon’ble Finance Minister Nirmala Sitharaman has recently introduced the budget in Lok Sabha for the year 2025-26. The budget is an effort by the government to accelerate the growth of the nation, securing inclusive development, strengthening private sector investments and enhancing the expenditure power of the middle-class people of India.

The key expectations from the budget for this year were focused on simplified taxes, economic development and other key sectors. This brief guide shows you the major changes and the comparison of Union Budget 2024 and union budget 2025.

What is the Union Budget?

The Union budget is an official financial statement by the Government of India, presented every year by the financial minister.

When the Union Budget 2025 was introduced?

1 February, 2025, Saturday

What Is Included in a Budget?

Estimating Revenue: This section includes direct and indirect taxes on various goods and services and non-tax revenue.

Capital Budget: It includes infrastructure investments and long-term development projects.

Planning Expenditure: This includes expenses that will be made by the government on various sectors like defence, education, healthcare, infrastructure, and social welfare.

Receipts: These consist of tax revenue, non-tax revenue, and borrowings.

Key Purposes of Budget

Economic Growth and Stability

Resource Allocation

Social Welfare

Investment & Deficing Management

Revenue Generation

What to Expect for Salaried Professionals

No tax for citizens with annual income up to ₹12.75 lakh under the new tax regime

Comparison of Union Budget 2024-25 and 2025-26

Category

Union Budget 2024-25

Union Budget 2025-26

Economic Development

Focused on self-reliance (Atmanirbhar Bharat) & MSMEs, employment, skilling, and middle class

Emphasising the Vision for "Viksit Bharat" with increased private sector investment

Agriculture & Rural Development

₹1,22,528.77 Crore allocated

PM Kisan Yojana continued

₹ 1.37 lakh crore allocated

Expanded Kisan Credit Card (₹5 lakh credit to 7.7 crore farmers)

Improve research, develop seeds that resist pests and climate challenges

Increase the availability of over 100 new seed varieties

PM Dhan Dhaanya Krishi Yojana

MSMEs & Startups

₹50,000 crore allocated for MSMEs

MUDRA limit doubled ₹20 lakhs from ₹10 lakhs.

Increased credit guarantee cover of ₹ 20 Crore

Customized credit card limit ₹5 lakh for microenterprises

₹2 crore loans for first-time entrepreneurs

Education & Healthcare

Expansion of medical colleges & skill development

1.48 lakh crore to education, employment and skill development

50,000 Atal Tinkering Labs, 10,000 more medical seats

AI Centres of Excellence

₹ 500 crore to setting up a Centre of Excellence in AI for education

Infrastructure & Urban Development

₹10 lakh crore capital outlay

PM Gati Shakti Plan

₹1 lakh crore Urban Challenge Fund

New Greenfield Airports

₹530 crore UDAN expansion

Tax Reforms & Benefits

Simplified tax slabs

focus on digital tax filing

Higher deductions for senior citizens

Higher TDS limit on rent

Revised Tax Slabs with progressive rates

No tax for citizens with annual income upto ₹ 12 lakhs

Banking & Financial Sector

FDI in insurance is capped at 74%

INR 3,500 crores for the incentive scheme, with INR 3,000 crores for BHIM-UPI and INR 500 crores for RuPay debit cards

FDI in insurance increased to 100%

Grameen Credit Score System

Defence & National Security

₹6.21 lakh crore allocation including pension

rises by 9.53% to ₹6.81 lakh crore, focusing on pensions, salaries, and modernisation

Nuclear Energy Mission

Gig Economy & Worker Welfare

Limited formal provisions

a comprehensive framework to extend formal recognition and social security benefits

Improving social security for gig workers and healthcare access

Investments & Employment

₹15,000 crore for Affordable and Mid-income Housing (SWAMIH)

Rs 6,323 crore and RE of Rs 6,350 crore

₹20,000 crore for R&D

Expanded tourism sector

SWAMIH Fund-2 for housing, R&D budget remains unchanged

Revenue & Expenditure

Estimated to be Rs 32,07,200 crore

Estimated at ₹16.13 Lakh crore, or about 4.9 per cent of GDP

Estimated to be Rs 34,96,409 crore, an increase of 11.1% over the revised estimates for 2024-25.

Fiscal deficit estimated at 4.4% of GDP

Conclusion

The Union Budget for fiscal year 2025-26 has been built upon the framework of fiscal year 2024-25 by bringing into focus higher investments, increased credit availability, improved taxation benefits, and enhanced support for innovation, infrastructure, and national security.

Source Link: Difference Between Union Budget

#union budget 2025 #union budget #budget 2025 india #Difference Between Union Budget

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unionbudget2025 · 6 months ago

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Key takeaways in the Union Budget 2025-26

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, sets total receipts at ₹34.96 lakh crore and expenditures at ₹50.65 lakh crore, targeting a fiscal deficit of 4.4% of GDP. Key highlights include initiatives to boost agriculture (Dhan-Dhaanya Krishi Yojana), support MSMEs, and enhance credit access for micro enterprises. Major investments are planned in education, healthcare, and infrastructure, with new medical colleges and 50,000 Atal Tinkering Labs. ₹20,000 crore is allocated for private sector R&D, and export initiatives are aimed at enhancing global trade. Tax reforms include increased exemptions and revised slabs for personal income tax, while indirect taxes focus on customs duty rationalization and support for domestic manufacturing. The budget also promotes public-private partnerships in infrastructure, ease of business, and incentives for startups and MSMEs.

Part-A

Smt. Nirmala Sitharaman (Union Minister for Finance and Corporate Affairs) introduced the Union Budget 2025-2026. The following are the budget's highlights:

Budget Estimates 2025-26

The total receipts except borrowings and the total expenditure are evaluated at ₹ 34.96 lakh crore and ₹ 50.65 lakh crore accordingly.

The net tax receipts are assessed at ₹ 28.37 lakh crore.

An estimated 4.4% of GDP is the fiscal deficit.

The expected overall market borrowings amount to ₹14.82 lakh crore.

FY2025–2026 is allocated ₹11.21 lakh crore in capital expenditures, or 3.1% of GDP.

AGRICULTURE

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

1.7 crore farmers would benefit from the scheme, which will be introduced in collaboration with the states and cover 100 districts with poor productivity, moderate crop intensity, and below-average credit conditions.

Developing Resilience and Prosperity in Rural Areas

In collaboration with the states, a comprehensive multi-sectoral program would be initiated to address underemployment in agriculture through investment, technology, skill development, and boosting the rural economy. 100 developing agri-districts will be covered under Phase 1.

Aatmanirbharta in Pulses

With an emphasis on Tur, Urad, and Masoor, the government will begin a six-year "Mission for Aatmanirbharta in Pulses." Over the following four years, NAFED and NCCF will purchase these pulses from farmers.

Complete Programme for Vegetables & Fruits

In collaboration with states, a comprehensive program will be introduced to support production, efficient supply, processing, and fair prices for farmers.

Makhana Board in Bihar

To enhance makhana production, processing, value addition, and marketing, a Makhana Board will be formed.

National Mission on High Yielding Seeds

To boost the research environment, produce and propagate high-yielding seeds, and make more than 100 seed types commercially available, a National Mission on High Yielding Seeds will be established.

Improved Credit via KCC

For loans obtained via the KCC, the credit ceiling under the Modified Interest Subvention Scheme would be increased from ₹3 lakh to ₹5 lakh.

Mission for Cotton Productivity

A five-year plan was declared to support extra-long staple varieties of cotton and enable notable increases in cotton farming's sustainability and production.

Fisheries

With an emphasis on the Andaman & Nicobar and Lakshadweep Islands, the government will present a framework for a sustainable utilization of fisheries in the Indian High Seas and Exclusive Economic Zone.

Urea Plant in Assam

In Namrup, Assam, a facility with a yearly capacity of 12.7 lakh metric tons would be established.

MSMEs

Changes to the MSMEs' categorization criteria

All MSMEs will have their investment and turnover thresholds raised to 2.5 and 2 times, respectively.

Credit Cards for Micro Enterprises

For microbusinesses registered on the Udyam platform, customized credit cards with a ₹5 lakh limit will be provided; 10 lakh cards will be issued in the first year.

Fund of Funds for Startups

A new Fund of Funds will be established with a broader reach and an additional commitment of ₹10,000 crore.

Scheme for First-time Entrepreneurs

In the next five years, a new program targeting 5 lakh women and first-time business owners from Scheduled Castes and Scheduled Tribes would offer term loans up to ₹2 crore.

Focus Product Scheme for Footwear & Leather Sectors

In an effort to boost the footwear and leather industry's productivity, quality, and competitiveness, a focus product scheme has been announced that would create jobs for 22 lakh people, earn ₹4 lakh crore in revenue, and increase exports by over ₹1.1 lakh crore.

Manufacturing Mission – Furthering “Make in India”

To promote "Make in India," a National Manufacturing Mission including small, medium, and big companies was established.

Measures for the Toy Sector

An initiative has been announced to establish India as a globally epicenter for toys by producing high-quality, distinctive, inventive, and sustainable toys.

Support for Food Processing

Bihar will see the establishment of a National Institute of Food Technology, Entrepreneurship, and Management.

INVESTMENT

1.Investing in People

Saksham Anganwadi and Poshan 2.O

The standards for how much it costs to improve nutritional assistance.

Atal Tinkering Labs

50,000 Atal Tinkering Labs will be introduced in the government schools in the following time span of 5 years.

Broadband Connectivity to Government Secondary Schools and PHCs

Under the Bharatnet initiative, all government secondary schools and basic health centers in rural regions would have access to broadband connectivity.

Bhartiya Bhasha Pustak Scheme

Indian language textbooks in digital format will be made available for use in schools and higher institutions under the Bharatiya Bhasha Pustak Scheme.

National Centres for Excellence for Skilling

To provide our young people the skills they need for "Make for India, Make for the World" manufacturing, five National Centers of Excellence for skilling with international experience and collaborations would be established.

Social Security Scheme for Welfare of Online Platform Workers

For gig workers, the government would set up identification cards, e-Shram site registration, and healthcare under PM Jan Arogya Yojna.

PM SVAnidhi

The plan would be redesigned with improved bank loans, ₹30,000 limit credit cards connected to UPI, and assistance for capacity building.

Strengthening urban livelihoods

A scheme for the economic and social progress of urban workers to assist them in enhancing their incomes and enduring livelihood programs is introduced.

Day Care Cancer Centres in all District Hospitals

Government to establish 200 Day Care Cancer Centres in all district hospitals during the next three years, 200 Centres in 2025-26.

Expansion of Capacity in IITs

Starting after 2014, the five IITs planned additional infrastructure to provide education for 6,500 extra students.

Centre of Excellence in AI for Education

With a whole investment of ₹ 500 crore, a Centre of Excellence in Artificial Intelligence for Education would be established.

Expansion of medical education

Medical colleges and hospitals will be adding 10,000 more seats next year, thus augmenting 75000 seats in the following five years.

2.Investing in the Economy

Public Private Partnership in Infrastructure

States also urged infrastructure-related ministries to develop a three-year pipeline of PPP-mode projects.

Support to States for Infrastructure

The proposed 50-year interest-free loans to states for capital expenditures and reform incentives total ₹1.5 lakh crore.

Asset Monetization Plan 2025-30

The second plan for 2025–2030 calls for reinvesting ₹10 lakh crore in newly announced projects.

Jal Jeevan Mission

The mission will be prolonged until 2028 with a higher overall budget.

Urban Challenge Fund

To carry out the ideas for "Cities as Growth Hubs," "Creative Redevelopment of Cities," and "Water and Sanitation," an Urban Challenge Fund of ₹1 lakh crore was established. An additional ₹10,000 crore was allocated for 2025–2026.

Nuclear Energy Mission for Viksit Bharat

The Civil Liability for Nuclear Damage Act and the Atomic Energy Act will be amended. With a ₹20,000 crore investment, the Nuclear Energy Mission for Research & Development of Small Modular Reactors (SMR) would be established, with five domestically produced SMRs expected to be operational by 2033.

Shipbuilding

The Shipbuilding Financial Assistance Policy needs a make-over. Big ships over a certain size should be put into the harmonized master list (HML) for infrastructure.

Maritime Development Fund

With up to 49% Government commitment and a corpus of ₹ 25,000 crore to be established, a Maritime Development Fund would be formed up with balance from ports and private sector.

UDAN – Regional Connectivity Scheme

Announced to improve regional connection to 120 additional locations and handle 4 crore people in the next 10 years, a modified UDAN system is Also to assist minor airports, helipads, and hilly, ambitious, North East area districts.

Greenfield Airport in Bihar

Apart from the capacity increase at Patna airport and a brownfield airport at Bihta, greenfield airports declared in Bihar also signal change.

Western Koshi Canal Project in Mithilanchal

Western Koshi Canal ERM Project funding for Bihar.

Mining Sector Reforms

A recovery policy for important minerals from tailings must be implemented.

SWAMIH Fund 2

Announced with government, bank, and private investor support is a fund of ₹ 15,000 crore targeted at quick construction of another 1 lakh homes.

Tourism for employment-led growth

Top 50 tourist attraction places around the nation will be built in cooperation with states under a challenge mode.

3.Investing in Innovation

Research, Development and Innovation

Announced in the July Budget, the private sector led Research, Development and Innovation project would get ₹20,000 crore for implementation.

Deep Tech Fund of Funds

Investigating Deep Tech Funds of Funds to inspire the future generation of entrepreneurs.

PM Research Fellowship

Ten thousand scholarships with improved financial assistance for technical research in IITs and IISc.

Gene Bank for Crops Germplasm

Ten lakh germplasm lines second gene bank ready for use in future food and nutritional security.

National Geospatial Mission

Declared to build basic geospatial infrastructure and data, a National Geospatial Mission.

Gyan Bharatam Mission

To cover nearly 1 crore manuscripts stated, a Gyan Bharatam Mission for survey, documentation, and preservation of our manuscript legacy with academic institutions, museums, libraries, and private collectors is planned.

EXPORT

Export Promotion Mission

Driven together by the Ministries of Commerce, MSME, and Finance, an Export Promotion Mission with sectoral and ministerial aims is to be established.

BharatTradeNet

For international commerce, "BharatTradeNet" (BTN) will be set-up as a single platform for trade paperwork and financing solutions.

National framework of GCC

A national framework should be developed as direction for states encouraging Global Capability Centres in rising tier 2 cities.

SECTOR REFORMS IN FINANCE AND DEVELOPMENT

FDI in Insurance sector

For companies who pay the whole premium in India, the FDI ceiling for the insurance industry would be enhanced from 74 to 100 percent.

Credit enhancement facility by NaBFID

NaBFID arranges a "Partial Credit Enhancement Facility" for infrastructure-related business bonds.

Grameen Credit Score

Public Sector Banks are working on a "Grameen Credit Score" system to meet SHG members' and residents in rural regions' credit needs.

Pension Sector

To be established up is a forum for regulatory cooperation and pension product development.

High Level Committee for Regulatory Reforms

Established for a review of all non-financial sector rules, certificates, licenses, and permits is a High-Level Committee for Regulatory Reforms.

Investment Friendliness Index of States

Launched in 2025, an Investment Friendliness Index of States will help to advance the declared attitude of competitive cooperative federalism.

Jan Vishwas Bill 2.0

The Jan Vishwas Bill 2.0 aims to decriminalize more than one hundred clauses across many legislations.

PART-B

Direct Tax

There will be no income tax payable up to an income of Rs 12 lakh (i.e., an average income of Rs 1 lakh monthly besides special rate income in the form of capital gains) as per the new regime.

Standard deduction of Rs 75,000 will cause this limit—Rs 12.75 lakh—for salaried tax payers to be less.

The new framework will significantly lower middle-class taxes and leave more money in their hands, hence increasing household expenditure, savings, and investment.

The new Income-Tax Bill must be plain and direct in wording so as to make it simple to grasp for taxpayers and tax administration, therefore generating tax certainty and less litigation.

Direct taxes bring about revenue of around ₹ 1 lakh crore, which would be lost.

Revised tax rate framework

Percentage of Tax

Tax Slab for FY 2024-25

Tax Slab for FY 2025-26

Nil

Upto 3 lakhs

Upto 4 lakhs

3-7 lakhs

4-8 lakhs

10%

7-10 lakhs

8-12 lakhs

15%

10-12 lakhs

12-16 lakhs

20%

12-15 lakhs

16-20 lakhs

25%

More than 15 lakhs

20-24 lakhs

30%

More than 15 lakhs

More than 24 lakhs

TDS/TCS rationalization for easing difficulties

Reduction of number of rates and thresholds at which TDS is deducted helps to rationalize Tax Deduction at Source (TDS).

For elderly individuals, the tax deduction ceiling for interest doubles from the previous Rs 50,000 to Rs 1 lakh.

For TDS on rent, the yearly maximum of Rs 2.40 lakh changed to Rs 6 lakh.

Under RBI's Liberalized Remittance Scheme (LRS), the threshold to collect tax at source (TCS) on remittances raised from Rs 7 lakh to Rs 10 lakh.

Only non-PAN situations will apply the greater TDS deduction's requirements.

Decriminalization for the situations of TCS delay of payment up to the due date of filing statement.

Minimizing compliance strain

Decrease in compliance strain for small charitable trusts and institutions through expanding the time period of registration from 5 years to 10 years.

The advantage of declaring the annual value of self-taken properties as nil will be prolonged in duration for two alike self-taken properties unconditionally.

Business convenience

Implementation of a scheme related to identifying the arm’s length price of cross-border transaction for a restricted period of three years.

Increase in the spectrum of safe harbor provisions to decrease legal proceedings and delivering clarity in cross-border taxation.

Withdrawals from the National Savings Scheme (NSS) by any individual on or after the 29th of August, 2024, are exempted from tax.

Taxpayers who participate in NPS (National Pension System) Vatsalya accounts are entitled to an extra Rs. 50,000 tax deduction as per Section 80CCD(1B), which is similar to the tax advantages provided to the regular NPS participants.

Job creation and Investments

In the Union Budget 2025, the government has introduced key initiatives, including tax clarity for electronic manufacturing schemes and the Tonnage Tax Scheme for Inland Vessels, aimed at boosting job creation and driving investments.

Tax clarity for electronics manufacturing schemes

Probable taxation regimen for non-citizens who are delivering services to the resident company that is setting up or managing an electronics production facility.

Implementation of a safe harbor for tax clarity for non-citizens who manage components for distribution to defined electronics production units.

Tonnage Tax Scheme for Inland Vessels

The advantages of the current tonnage tax scheme are to be prolonged to inland vessels listed as per the Indian Vessels Act, 2021, to encourage inland water transport within the country.

Expansion for establishment of Start-ups

Expansion of the time period of incorporation with 5 years to enable the advantage to new ventures incorporated prior to 1.4.2030.

Alternate Investment Funds (AIFs)

Clarity of taxation on the profits from securities to Category I and Category II AIFs, which are carrying out investments in infrastructure and related industries.

Postponement of the investment date for Sovereign and Pension funds

Postponement of the date placing investments in Sovereign Wealth Funds and Pension Funds for an additional five years, i.e., till 31st March, 2030, to encourage investments from them to the infrastructure industry.

INDIRECT TAX

Consolidation of Customs Tariff Structure for Industrial products

Union Budget 2025-26 intends to

Eliminate seven tariff rates. This is in addition to the seven tariff rates eliminated in the 2023-24 budget. Following this, it will be limited to eight remaining tariff rates containing a ‘zero’ rate.

Implement suitable cess to largely sustain effective duty incidents, excluding several items, where these kinds of incidents will decrease negligibly.

Impose no more than one cess or surcharge. Thus, the social welfare surcharge on 82 tariff lines that are liable to a cess is excluded.

₹ 2600 crore of Revenue in indirect taxes will be waived.

Ease on import of Drugs/Medicines

A total of 36 life-protecting drugs and medicines are completely exempted from Basic Customs Duty (BCD).

Customs duty of 5% is reduced on 6 life-protecting drugs.

Listed drugs and medicines as per the Patient Assistance Programmes managed by pharmaceutical companies were completely exempted from BCD; 37 further medicines combined with 13 new patient support programmes.

Assistance to Domestic Manufacturing and Value addition

Critical Minerals

Lead, zinc and twelve other vital minerals totally free from BCD; cobalt powder and trash; scrap of lithium-ion battery.

Textiles

Two further varieties of shuttle-less looms totally free from textile equipment.

On knitted materials, BCD rate changed from "10% or 20%," to "20% or ` 115 per kilogram, whichever is higher.

Electronic Products

10% to 20% increase of BCD on Interactive Flat Panel Display (IFPD)

Decrease of 5% BCD on Open Cell and other elements.

Complete exemption of BCD on components of Open Cells.

Lithium Ion Battery

Exempted are 28 more capital items for mobile phone battery manufacture and 35 more capital goods for EV battery manufacture.

Shipping Industry

Relief of BCD on raw materials, elements, consumables, or components for the manufacture of ships prolonging for an additional 10 years. The same concession for ship breaking as well.

Telecommunication

BCD on Carrier Grade Ethernet switches are decreased from 20% to 10%.

Export upgrade

Handicraft goods

Export time is six months to one year, further extendable by additional three months, should needed. The list of duty-free inputs now includes nine items.

Leather Industry

BCD totally excluded on Wet Blue leather.

Crust leather free from 20% export taxes.

Marine Goods

For manufacturing and shipment of its analogue goods, BCD cut from 30% to 5% on Frozen Fish Paste (Surimi).

On fish hydrolysate for production of fish and prawn feeds, BCD dropped from 15% to 5%.

Domestic MROs for Railway Goods

For manufacturing and shipment of its analogue goods, BCD cut from 30% to 5% on Frozen Fish Paste (Surimi).

On fish hydrolysate for production of fish and prawn feeds, BCD dropped from 15% to 5%.

Trade Assistance

Time constraint for Provisional Assessment

Time-limit of two years established, extendable by a year, for finishing the provisional evaluation.

Voluntary Compliance

Added to let importers or exporters freely report material facts and pay duty with interest but without penalty following goods clearance.

Longer Duration of End Use

According to the applicable regulations, the six-month time restriction for the final use of imported inputs was extended to one year.

Instead of filing monthly filings, many importers simply file quarterly statements.

Conclusion

The Union Budget 2025-26 focuses on strengthening India’s economy through strategic investments in infrastructure, agriculture, education, and healthcare. It emphasizes job creation, MSME support, tax clarity, and export promotion. With significant reforms in direct and indirect taxes, it aims to enhance growth, ease of doing business, and innovation.

#UnionBudget2025 #BudgetHighlights #EconomicGrowth #TaxReforms

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indiansouls · 6 months ago

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Key Announcements in Union Budget 2025-26: Impact & Analysis

Boosting Middle-Class Consumption & Savings

The government has exempted income tax for individuals earning up to ₹1 lakh per month (₹12.75 lakh annually under the new tax regime). This move aims to boost household savings, increase disposable income, and drive consumption, ultimately fueling economic growth.

Strengthening India’s Economic Growth Pillars

The budget identifies four key drivers of development—Agriculture, MSMEs, Investments, and Exports—and provides financial and policy support to accelerate industrial expansion and job creation.

Agriculture & Rural Development

PM Dhan-Dhaanya Yojana will cover 100 districts with low agricultural productivity, benefiting 1.7 crore farmers through better infrastructure and modern farming techniques.

Mission for Aatmanirbharta in Pulses focuses on boosting domestic production of tur, urad, and masoor dal to reduce dependence on imports.

Farmers can now avail loans of up to ₹5 lakh under the Modified Interest Subvention Scheme via Kisan Credit Cards (KCC), ensuring better access to credit at lower interest rates.

Fiscal Responsibility & MSME Support

The fiscal deficit for FY25 is set at 4.8%, with a plan to lower it to 4.4% in FY26 to maintain economic stability.

MSMEs will get enhanced credit guarantees, increasing the coverage from ₹5 crore to ₹10 crore to encourage small business growth.

A National Manufacturing Mission will support small, medium, and large industries, furthering the “Make in India” initiative to promote local production.

Education & Technology Innovations

50,000 Atal Tinkering Labs will be established in government schools over the next five years to encourage STEM education.

A Centre of Excellence in AI for Education will be set up with a ₹500 crore budget to drive technology-based learning.

Financial Inclusion & Digital Economy

The PM SVANidhi scheme will offer higher bank loans, while small vendors can access UPI-linked credit cards with a ₹30,000 limit.

Gig workers will receive identity cards, be registered on the e-Shram portal, and get healthcare coverage under PM Jan Arogya Yojana.

Urban Development & Infrastructure

A ₹1 Lakh Crore Urban Challenge Fund will help cities become economic growth hubs while ensuring sustainable urban expansion.

The Modified UDAN Scheme will improve regional air connectivity with 120 new destinations.

A ₹15,000 crore SWAMIH Fund will be allocated for completing 1 lakh stalled housing projects, benefiting the real estate sector.

Research, Innovation & Industry Growth

₹20,000 crore allocated for private sector-driven R&D and innovation initiatives.

A Nuclear Energy Mission with a ₹20,000 crore budget will focus on small modular reactor development and research.

FDI limits in the insurance sector have been raised from 74% to 100%, making it more attractive for foreign investors.

Simplifying Business & Taxation

The Jan Vishwas Bill 2.0 will decriminalize over 100 provisions across different laws, making compliance easier.

The time limit for filing updated income tax returns has been extended from 2 years to 4 years, giving taxpayers more flexibility.

Delay in TCS payment will no longer be a criminal offense, reducing penalties for businesses.

TDS on rent has increased from ₹2.4 lakh to ₹6 lakh, benefiting landlords and rental markets.

Healthcare & Customs Duty Reforms

Basic Customs Duty (BCD) has been exempted on 36 life-saving drugs, including those for cancer, rare diseases, and chronic illnesses.

The duty on Intelligent Flat Panel Displays (IFPD) has been raised to 20%, while the duty on open cells has been cut to 5% to boost local manufacturing.

To encourage EV and mobile battery production, capital goods for battery manufacturing are now exempt from customs duty.

The shipbuilding industry will enjoy a 10-year customs duty exemption on raw materials and components.

Agriculture & Fisheries Support

BCD on frozen fish paste has been reduced from 30% to 5%, while the duty on fish hydrolysate has dropped from 15% to 5%, supporting the seafood industry.

#government #budget #scheme

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argus-news · 1 year ago

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Building a Prosperous Bharat: BJP's Pledge for Economic Growth

In a bold assertion of vision and commitment, the Bharatiya Janata Party (BJP) has unveiled its manifesto 'Modi ki Guarantee 2024', promising to propel India into the global economic elite by securing its position as the third largest economy in the world. With an unwavering focus on sustainable growth and inclusive development, the BJP aims to revolutionize India's economic landscape through a series of innovative reforms and strategic investments.

At the heart of the BJP's economic agenda lies a steadfast dedication to infrastructure development as a catalyst for employment generation. Recognizing the pivotal role played by infrastructure in driving economic progress, the party pledges to continue its unprecedented investment in this sector, creating a plethora of job opportunities across the nation. Moreover, special emphasis will be placed on bolstering employment prospects in key sectors such as manufacturing and tourism, unleashing the full potential of Bharat's burgeoning workforce.

Central to the BJP's manifesto is the promise of ushering in a "next generation of reforms" aimed at positioning India as a global economic powerhouse. Through a judicious mix of policy interventions and strategic initiatives, the party envisions a future where India not only achieves but surpasses its current economic standing, emerging as a beacon of prosperity and opportunity on the world stage.

The BJP's commitment to fostering economic growth is underscored by its comprehensive approach to infrastructure development. From modernizing road networks to enhancing rail and metro connectivity, from establishing state-of-the-art EV charging stations to constructing new airports, the party leaves no stone unturned in its quest to build a robust infrastructure framework that fuels economic expansion and facilitates seamless connectivity across the nation.

In tandem with its infrastructure thrust, the BJP lays significant emphasis on bolstering the manufacturing sector, recognizing it as a key driver of economic growth and employment generation. Through initiatives such as the Production Linked Incentive (PLI) scheme and Make in India, the party aims to transform India into a global manufacturing hub, streamlining regulatory processes, attracting investments, and fostering innovation and research in key sectors such as defence, automobile, and semiconductor manufacturing.

A cornerstone of the BJP's economic vision is its unwavering support for startups and entrepreneurship. By expanding the startup ecosystem to tier-2 and tier-3 cities, enhancing access to funding through schemes like the Startup India Seed Fund, and fostering a culture of innovation through initiatives such as Atal Tinkering Labs, the party seeks to unleash the entrepreneurial spirit of the nation, driving job creation and fostering economic dynamism.

In a bid to empower small businesses and entrepreneurs, the BJP pledges to double the loan limit under the PM Mudra scheme, providing greater access to credit and capital for aspiring entrepreneurs. Moreover, the party vows to simplify the GST portal, enhance ease of doing business, and undertake comprehensive reforms to streamline economic legislation, ensuring a conducive environment for business growth and investment.

Crucially, the BJP's economic vision is anchored in a commitment to inclusivity and social welfare. By integrating social security schemes for unorganized workers with the Digital India network, ensuring periodic review of national floor wages, and extending support to gig workers and migrant laborers through platforms like the e-Shram portal, the party seeks to ensure that the fruits of economic progress reach every strata of society.

In essence, the BJP's manifesto represents a bold blueprint for economic transformation, anchored in the principles of growth, inclusivity, and sustainability. With a clear vision and unwavering commitment, the party aims to steer India towards a future of prosperity and opportunity, where every citizen can aspire to achieve their fullest potential in a thriving and dynamic economy.

#Bharatiya Janata Party #Economic Growth #Infrastructure Development #Manufacturing Hub #Startup Ecosystem #Employment Opportunities

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nickyysharmi · 1 year ago

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Fostering Innovation From Grassroots: Atal Innovation Mission

Once more, within India's evolving landscape of digitalization, programs like the Atal Innovation Mission (AIM) are taking center stage. These initiatives are instrumental in cultivating a culture of innovation and entrepreneurship. Abhay Bhutada, MD of Poonawalla Fincorp, highlighted their importance at the recent TV9 Network’s ‘What India Thinks Today Global Summit’.

One of the flagship initiatives under AIM is the Atal Tinkering Labs (ATLs). These labs are set up in schools across India to foster curiosity and problem-solving skills among students. Equipped with state-of-the-art facilities like 3D printers, robotics kits, and IoT devices, ATLs provide students with hands-on experience in STEM (Science, Technology, Engineering, and Mathematics) subjects. By encouraging tinkering and experimentation, ATLs instill a culture of innovation from a young age, laying the foundation for future innovators.

Also Read: MD Abhay Bhutada Provides Glimpse of Poonawalla’s Co-Branded Card Strategy in Q4

Another noteworthy scheme under AIM is the Atal Incubation Centers (AICs). These centers provide a nurturing environment for startups, offering mentorship, infrastructure, and access to funding opportunities. By supporting early-stage startups, AICs play a pivotal role in translating innovative ideas into scalable businesses. Through partnerships with industry experts and academia, AICs bridge the gap between innovation and commercialization, fostering a vibrant startup ecosystem in India.

Fueling Digital Transformation: The Digital India Program

Parallel to AIM, the Digital India program is revolutionizing the way India functions in the digital space. Launched in 2015, under the tenure and leadership of Hon. Prime Minister Shri Narendra Modi Digital India aims to transform India into a digitally empowered society and knowledge economy. By leveraging technology to deliver government services, improve digital infrastructure, and promote digital literacy, Digital India is driving inclusive growth across the country.

One of the key pillars of Digital India is the BharatNet project, which aims to connect rural areas with high-speed internet connectivity. By bridging the digital divide between urban and rural India, BharatNet is empowering citizens with access to information, education, and e-commerce opportunities. This connectivity not only enhances livelihood opportunities but also facilitates the delivery of essential services like healthcare and education to remote areas.

Another transformative initiative under Digital India is the Unified Payments Interface (UPI). UPI has revolutionized the way Indians transact digitally, providing a seamless and secure platform for peer-to-peer payments. With the proliferation of digital payment apps and services, UPI has democratized access to financial services, empowering millions of Indians to participate in the formal economy.

Also Read: Abhay Bhutada Shares Insights on Poonawalla Fincorp’s Long-Term Objectives

Harnessing The Synergy: AIM And Digital India

The connection between AIM and Digital India is clear in their joint aim of promoting innovation and digital empowerment. While AIM concentrates on nurturing young innovators, Digital India offers the necessary digital infrastructure and ecosystem to aid their efforts. These combined initiatives are molding India into a global hub for innovation and technology. With Abhay Bhutada's perspective, it's evident that AIM serves as a significant opportunity amid India's evolving digital landscape.

As we look ahead, it’s essential to recognize the transformative impact of initiatives like AIM and Digital India. By empowering citizens with the tools and opportunities to innovate and thrive in the digital age, India is poised to achieve remarkable growth and development. With visionary leadership and collective effort, we can realize the vision of a prosperous and inclusive India.

Also Read: Abhay Bhutada wins a Special Recognition at Lokmat Maharashtrian of the Year

Conclusion

The Atal Innovation Mission and the Digital India program are not just government initiatives; they are symbols of India’s commitment to fostering innovation and digital empowerment. By nurturing the creative potential of our youth and leveraging technology for inclusive growth, we are laying the foundation for a brighter future. Let’s embrace this spirit of innovation and work towards building a better tomorrow for all.

#atal bihari vajpayee #atal innovation #abhay bhutada #narendramodi #namo

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stemrobo · 3 years ago

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#Tinkering Lab in School #List of Vendors for ATL Lab equipment #Atal Tinkering Lab Scheme

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globaltalentexchange · 3 years ago

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HOW GOVERNMENT POLICIES AND INITIATIVES ARE HELPING INDIAN STARTUPS?

With the third-largest startup ecosystem in the world and home to 84 unicorns and counting, India is gradually getting serious about nurturing, protecting, and encouraging entrepreneurship in the country. The Government of India wants startups & MSME’s contribution to India’s GDP to reach 50% by 2024, from the current 29%, and provide jobs to 15 crore Indians, up from 11 crores currently. Startups and MSMEs are being looked at as the foundation on which the Government's Atma Nirbhar mission and Make In India vision can come to fruition – generating more employment, increasing exports, improving the standard of living for millions of Indians, and making India strong globally. Both government and private investors want Indian entrepreneurs, startups, and MSMEs to succeed and take India to the global stage.

The Startup Ecosystem

With the objective to build a strong ecosystem for nurturing innovation and Startups in the country, the Government launched a Startup India Action Plan that offers the following support to recognized startups through:

Image source: https://www.startupindia.gov.in/

Some government initiatives in detail :

In the endeavor to foster a culture of entrepreneurship in the country, the Government of India and the Ministry of Micro, Small, and Medium Enterprises have launched several unique Government schemes and programs designed to empower startups and MSMEs in India.

Ministry of Skill Development and Entrepreneurship

The task of promoting entrepreneurship was earlier given to different departments and government agencies. In 2014, the Government of India decided to dedicate an entire ministry to building this sector as it felt that skill development required a greater push from the government's side. Furthermore, the idea is to reach 500 million people by the year 2022 through gap-funding and skill development initiatives.

Startup India

With the help of the Startup India initiative, the government of India promotes and assists entrepreneurship by mentoring, nurturing, and facilitating startups throughout their life cycle. Launched in 2016, the scheme has successfully provided a great start to a number of potential startups in the country. The initiative has provisions for various methods to learn and know more about startup growth including research parks, incubators, and startup centers among others. Apart from this, the scheme has also created a ‘Fund of Funds’ which helps startups in gaining access to funding. The primary motive of this is to build an environment in which startups can innovate and evolve without any obstacles. The mechanisms used under the initiative comprise of online recognition of startups, Startup India Learning Programme, Facilitated Patent filing, Easy Compliance Norms, Relaxed Procurement Norms, incubator support, innovation-focused programs for students, funding support, tax benefits, and addressing of regulatory issues.

Atal Innovation Mission

AIM is a scheme of the Government of India which has the objective of promoting the culture of innovation and entrepreneurship, and it serves as a platform for the promotion of world-class Innovation Hubs, Grand Challenges, start-up businesses, and other self-employment activities, particularly in technology-driven areas. To inculcate innovation and creativity in the children at the school level, the government has also launched Atal Tinkering Labs (ATL) across India. Here at these workplaces, the students can take part in various activities and work with tools and equipment to acquire hands-on knowledge of the concepts of STEM (Science, Technology, Engineering, and Math). Another program set up by AIM is Atal Incubation Centers (AICs) with an aim to build innovative start-up businesses as scalable and sustainable enterprises. They provide various facilities with the right amount of physical infrastructure on the basis of capital equipment and operating facilities.

Startup India Seed Fund Scheme

Easy availability of capital is essential for entrepreneurs at the early stages of the growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with innovative ideas to conduct proof of concept trials.To overcome this challenge, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched the Startup India Seed Fund Scheme (SISFS). With an outlay of INR 945 Crore, the SISFS aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

SAMRIDH Scheme

It was observed in the Start-up India 2018 report that once a start-up gains traction, there is a gap in accessing the growth stage funding to scale up the operations. The national average score of this pillar comes out at 2.13 on a scale of 10 in the report which shows that a lot needs to be done to develop a growth stage funding mechanism. Moreover, the report also has mentioned that the enablers such as incubators and accelerators are also important partners in the overall Start-up ecosystem which supports and accelerates the successful development of businesses. As per NASSCOM Strategic Review 2019 report, start-ups in Enterprise software and services like FinTech, EdTech, HealthTech, etc. together comprise nearly 50% of the total number of start-ups. Services like FinTech, EdTech, and HealthTech alone comprise 26-30% of the total number of start-ups. Moreover, advanced technologies like IoT are being used in 15-17% of startups, AI in 54-58% of startups, and AR/VR in 26-28% of startups across segments like Home Automation, HealthTech, FinTech, RetailTech, Real Estate, Edtech, etc. Thus, there is a need to develop accelerators to support these core technologies and future technology services.The Startup Accelerators of MeitY for pRoduct Innovation, Development, and growtH (SAMRIDH) scheme will support existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale for solving India’s problems creating positive social impact. It will provide support to selected Accelerators for extending Accelerator Services, like customer connect, investor, connect, and other opportunities for international expansion, to startups and even provide the first round of funding of up to ₹40 lakh (with an average of ₹ 30 Lakh per startup per cohort). The programme will invite applications from existing and upcoming Accelerators to become partners with MeitY and provide startups accelerator programmes of 6 months every year. It is proposed to support around 300 tech Start-Ups through about 40 cohorts (size of 8-10 Start-Ups) under the program.

ASPIRE

To improve the social and economic aspects of life in rural areas of India, A Scheme for Promotion of Innovation, Rural Industries, and Entrepreneurship (ASPIRE) was launched to set up a network of technology centers and incubation centers to accelerate entrepreneurship and also to promote startups for innovation in the agro-industry. The main objectives of the scheme are to:

Create new jobs and reduce unemployment

Promote entrepreneurship culture in India

Grassroots economic development at the district level

Facilitate innovative business solutions for unmet social needs

Promote innovation to further strengthen the competitiveness of the MSME sector.

Drone Shakti

The Government of India launched Drone Shakti on February 1, 2022. This new initiative is designed to motivate the startups to introduce diverse applications for drones, including drones-as-a-service (DaaS). Furthermore, the government would encourage the use of drones by farmers, focusing on the farmers' use of these drones to survey the lands and spray insecticides along with digitizing land records. Besides, the government also asserted to stand in full support of the drone technology startup in India. It recently flagged off 100 Kisan Drones in diverse parts of the country to spray pesticides and more. In order to promote the made-in-India drones, the government of India banned the import of drones with immediate effect. The drone manufacturing industry, as estimated by MoCA, is expected to receive an investment of over Rs 5,000 crore over the next 3 years, which will include drones and drone components.

How startups are benefiting from these initiatives

From legal support to securing funds, from tax exemptions to IPR filings, these initiatives are bringing a revolution to the Indian startup ecosystem. 4100+ startups have benefitted in the last year through various programs of the Central Government, 960 crores of funding has been given to startups through various schemes and 828 crore funds have been sanctioned for infrastructure. Here are some success stories on how these schemes are helping startups:

After many years of research and innovations in the water sector, Dr. Shailesh Kharkwal planned to work as a social entrepreneur for eradicating clean water challenges in rural and suburban India. As a start-up company, he was initially worried about conducting business in India. However, the Startup India program of the Government of India helped him a lot and changed his vision and attitude with positivity. Today, he is the Founder & CEO of H2O Mantra Pvt Ltd. His company is growing and providing employment to many people and contributing steadily to the growth of India by doing business through GeM, a startup-friendly interface that provides him easy and open access to customers across the country. Through the guidance of the Startup India Program, H2O Mantra was registered on the GeM portal in July 2018 and it has successfully completed sales of Rs 1.33 Crore to date through the GeM portal.

Avlesh Singh’s WebEngage is a cloud-based SaaS platform for customer engagement and retention for consumer businesses with customers across the Indian subcontinent, Middle East, Europe, and North America. Their marketing cloud service was launched four years ago. They have been very capital efficient in their journey and have grown 75% YoY for the last two years in a row. They have benefited immensely from various initiatives launched by the DPIIT to help startups grow. In January 2020, they raised their Series A from venture capital firms IAN Fund and India Quotient which are backed by the Fund of Funds Scheme for Startups.

Genrobotics was started in 2017 as a Robotics company under Startup India with the vision of providing cutting-edge robotic solutions for those who are facing extremities. They developed the Bandicoot Robot for cleaning sewage in 2018 to end manual scavenging along with the rehabilitation of manual scavengers to Robot operators. They have raised investment from Unicorn VC through the Fund of Fund scheme to scale up the project across India and have now been implemented in more than 10 states. Rashid K, Co-Founder, and Director, of Genrobotic Innovations Private Limited, mentions that his company has also received the IMB Certificate for tax exemption under the Startup India scheme to boost the growth further. Now, Bandicoot Robot has become a part of India’s SWACHH BHARAT ABHIYAN and MAKE IN INDIA initiatives. They have also received the prestigious AMRUT Tech challenge Award from the Ministry of Housing and Urban Affairs, Government of India for developing turnkey technology to clean manholes without human intervention.

Switchme Technologies Pvt. Ltd. was served a notice from the Income Tax department. Though they had adhered to every rule and had every document in place, they were still worried about the time and money that response and subsequent hearings would take up. The quotes that they received from CAs confirmed their fears. Thanks to Startup India’s work on Angel Tax, the exemption came on time and they just had to attach it as a reply.

Startup India and DPIIT have been a huge boon for Ethereal Machines. Thanks to the patent facilitator scheme by Startup India, they have saved lac of rupees when it comes to IPR registration. The entire process of enrolling as a startup and being granted tax exemption was done without any hassle. As Kaushik Mudda, CEO - Ethereal Machines, mentions, the tax exemption is a huge benefit given that it helps funds be diverted towards research and development and building a self-sufficient India. They have also had the chance of exhibiting their technologies on a global platform such as GES, thanks to the support of Startup India. They are a beneficiary of the Fund of Funds Scheme through their investor Blume Ventures. They are presently utilizing the funds to expand their geographical presence and ensure that India’s name is recognized globally as a place from where a deep-tech startup can emerge and succeed. Schemes like FFS benefit homegrown funds who can then further identify and deploy funds to deserving entrepreneurs across the country.

These are just a few of the many success stories that are being scripted with the help of the Government of India’s startup-friendly policies and schemes. The government is not only promoting these schemes to help the present group of startups benefit from them but also motivating the budding entrepreneurs, startups, and students from all domains, who tend to be independent and take the vision of Atmanirbhar Bharat forward.

Slowly and steadily these initiatives are helping build a startup ecosystem that is at par with the best of the best nations. India is heading towards the golden era of entrepreneurship and it needs all hands on the deck to make its dream of Atmanirbhar Bharat a reality. Are you ready to come home and lead the charge?

#startup #innovation #unicorns #government policy #r2i #return to india

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makers-muse · 5 months ago

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How to Secure Funding for a STEM Lab in Rajasthan Schools?

Introduction: A Vision for Innovation in Rajasthan Schools

Imagine a school in Rajasthan where students are designing robots, coding applications, and experimenting with renewable energy models. This vision can become a reality with a well-equipped STEM (Science, Technology, Engineering, and Mathematics) lab. However, funding remains a major challenge for many schools looking to invest in STEM education. The good news is that with the right strategies, schools can secure the necessary resources to establish and maintain a cutting-edge STEM lab.

Why STEM Labs Matter in Rajasthan?

STEM education plays a crucial role in preparing students for future careers. According to the World Economic Forum, 75% of future jobs will require STEM skills. Rajasthan, with its growing technology and industrial sectors, must ensure students have access to hands-on learning experiences. A well-funded STEM lab can:

Enhance critical thinking and problem-solving skills

Prepare students for high-demand careers in engineering, healthcare, and IT

Attract better enrollment and partnerships with industries

Bridge the digital divide in rural areas

Sources of Funding for STEM Labs in Rajasthan Schools

1. Government Grants & Schemes

The Indian government provides multiple schemes to support STEM education. Schools can apply for:

Rashtriya Avishkar Abhiyan (RAA): Aimed at promoting inquiry-based learning.

Atal Tinkering Labs (ATL) under NITI Aayog: Provides financial support of up to Rs. 20 lakh per school.

Samagra Shiksha Scheme: Offers funding for technology-driven educational initiatives.

CSR (Corporate Social Responsibility) Funds: Many public and private companies in Rajasthan allocate CSR funds to education, including STEM programs.

2. Private & Corporate Sponsorships

Many organizations are keen to support STEM education through sponsorships. Schools can approach:

Local industries and startups in Jaipur, Udaipur, and Jodhpur for funding.

Educational technology companies for equipment and software sponsorship.

Alumni networks to contribute funds or resources.

3. Crowdfunding & Community Support

Crowdfunding is an effective way to raise funds. Schools can:

Launch campaigns on platforms like Milaap, Ketto, and ImpactGuru.

Engage the local community through fundraising events.

Partner with NGOs that support education and STEM initiatives.

4. International Grants & Competitions

Several global organizations offer funding for STEM education. Schools can explore:

Google RISE Awards (for underserved communities in STEM).

LEGO Education Grants for hands-on learning.

The National Geographic Society Grants for educational projects.

How to Apply for STEM Funding Successfully

1. Develop a Strong Proposal

A compelling funding proposal should include:

Clear objectives outlining how the STEM lab will benefit students.

Budget breakdown detailing equipment, software, and training costs.

Expected outcomes such as improved student engagement and academic performance.

2. Showcase Impact and Sustainability

Donors and sponsors want to see measurable impact. Schools should:

Highlight success stories from similar STEM programs.

Present a sustainability plan to ensure long-term benefits.

Demonstrate community involvement and commitment.

3. Leverage Media and Digital Outreach

A strong online presence can attract potential funders. Schools should:

Create social media campaigns showcasing the need for a STEM lab.

Engage local news outlets to feature their funding initiative.

Collaborate with influencers and educators to amplify their message.

Build a Future-Ready School Today

Investing in a STEM lab is investing in the future of Rajasthan’s students. With the right funding strategies, your school can become a hub of innovation and excellence. Start applying for grants, reaching out to sponsors, and engaging your community today!

Want expert guidance on setting up a STEM lab? Contact us at Makers’ Muse for resources and consultation.

#steam #steamteacher #steameducation #steamlab #steamclassroom #steamgames

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empibschool-blog · 6 years ago

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EMPI Institution launches India’s first and only, unique 'Atal Incubation Centre - EMPI' specially focused on Renewables, Smart Energy and New Electric Mobility

EMPI, a top management institution in Chattarpur, New Delhi has been selected out of thousands of applicants by NITI Aayog, Government of India under their Atal Innovation Mission (AIM) to set-up a first of its kind Atal Incubation Centre specially focused on Renewables, Smart Energy and New Electric Mobility with the underpinning of AI & IOT Technologies. The aim of the center is to create world-class incubation facilities with suitable physical infrastructure. Energy Lab, Australia, the largest Energy Incubator in Australia is the technical collaborator.

The centre aims to provide comprehensive support to help young entrepreneurs in domains such as Renewables, Smart Energy and New, Intelligent & Electric Mobility to emerge as a successful business enterprises that shall transform India. This Centre matches the Government of India’s policy frameworks like that of FAME 1 &FAME 2, non-tariff incentives for green vehicles and a national storage mission; all initiatives oriented to bring about 30% electric mobility by 2022. Also, the Government is making a concerted effort to promote solar energy through Solar Park and KUSUM schemes. Further, the incubator goes beyond traditional incubators in playing a pro-active role in shaping and structuring projects of high value and impact and shall engage with Industry, Government and Civil society to define problem areas that require innovative solutions.

Atal Innovation Mission (AIM) is a flagship initiative of NITI Aayog, a policy think tank of the Government of India, to promote the spirit of an innovative and entrepreneurial mindset in the country with various programmes such as the Atal Tinkering Labs, Atal Incubation Centers, and organizing challenges such as Atal New India Challenge, Defence Innovation Startup Challenge, etc. Its objective is to serve as a platform for the promotion of world-class innovation hubs, grand challenges, start-up businesses, and other self-employment activities, particularly in technology-driven areas.

As the founding team of EMPI Institutions has several stalwarts from Industry and Government, especially from the energy sector, EMPI decided to set up an incubation facility in its area of core expertise and an already existing extensive network.

EMPI Business School is recognized as one of the top Management Institutions of the country and has built a unique name for itself as of the most innovative institutions. Some of the most innovative initiatives undertaken by EMPI includes the EU-India International Business Management Centre, The GLOBE Project of the Wharton School’s GLOBE Foundation, Indian Quality Management Practices, We Think for India (India’s first participative Public Policy forum), Andhra Pradesh Aerospace & Defense Cluster (India’s first innovation cluster for Aerospace & Defense, next to Bangalore, as a JV with the Govt. of AP) and the ‘EMPI Indian Innovation Awards’ under the ‘Mission Innovative India’. The awards, which were started in the year 2005 was India’s and perhaps the world’s first such Innovation Awards to recognize organizational innovations across diverse sectors in one platform. The awards were launched at the gracious hands of the President Dr. A P J Abdul Kalam.

The AIC-EMPI Incubation Center is the latest an initiative of EMPI, which aims to support start-ups in the areas of renewables, electric mobility and smart energy to translate their ideas, concepts and problems into successful world-class enterprises.

Vinod Midha

CEO, AIC-EMPI Incubator 

Fmr. Exec. Director, BHEL

Pankaj Saran

Director, AIC-EMPI Incubator 

President, EMPI Group of Institutions

Contact Details:

Mobile: +919810831812

E-mail: [email protected]

Website: www.empi.ac.in

#Atal Incubation Centre #Mission Mobility

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firsteducation · 6 years ago

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Skills

These days skills are playing important role when it comes to getting jobs . Wherever you want to joint, employer will first check where the person has those skills which are required for the job. The basic requirements of skills in future are as follow:

Skills are divided into two parts that is hard skills and soft skills

1. Hard Skills like tech hard skills, big data engineering, sales and marketing ,accounting and finance, etc which can be acquire in school, collages, institution, etc and it is basic requirements of job.

2. Soft Skills like strong communication, leadership problem solver adoptability, etc. which can be acquire by continues practice in schools or outside schools or by experience while doing work.

How Skill Plays Important Role In Order To Get Job

In the process of hiring the employer has skills in his mind which he want in his future employee. During the selection employer will select person who has those skills. For example if employer want person of data science then he will select person who has skill such as programming, Data Visualization, Communication, Data Wrangling, Software Engineering If he does not find person who has this skills then he will not select person as future employee in his company

Current Scenario In India When It Comes To Skills

Currently in India there is a need of skill development to create sustainable and continues development of India. Skill development includes training, practical, theoretical and soft skill knowledge for current industry standards which involves utilizing. the untapped potential of the youth and making them employable with relevant skills for the current job market. The real problem is that we have the lowest proportion of trained youth and due to many social inequalities that still development needed as many Indians force a lack of opportunity and access to tools for improving their standard of living.

government and private company are doing many project to improve skills such as :

Atal Tinkering Lab

ATL is an approach of Central government of India to create an environment of scientific temperament, innovation, creativity amongst Indian Students. ATL lab would teach students essential 21st-century skills which will help them in developing their professional and personal skills.

http://www.aim.gov.in/

PI CODE CLUB

PI CODE CLUB is launched to encourage young minds to develop their logic and creativity by Story Telling, Game Building, and explore the world around us without writing a single line of code.

http://picodeclub.com/

Steps Government Has Taken To Improve Skill In India

Indian institution of skill introduced in kanpur on 19 December 2016 by prime minister Shri Narendra Modi Its primary objective is to empower India’s youth to be more employable and self-sustainable.

Kaushal Pradarshini is a skill exhibition for the youth of Uttar Pradesh to showcases state-of-the-art vocational training practices across different states.

Skill India is a campaign launched by Prime Minister Narendra Modi on 15 July 2015 which aims to train over 40 crore people in India in different skills by 2022.

https://www.skillindia.gov.in/

pradhan mantri kaushal vikas kendras Approved for another four years (2016-2020) Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).

http://pmkvyofficial.org/

Women get a special focus under Skill India Mission

Ministry of Skill Development and Entrepreneurship has undertaken several initiatives to achieve women empowerment through skill development. Increase of women participation in workforce can give further boost to our economy. Skill India mission is committed to facilitate this through equipping our women with market relevant skills and lead them to a path of self-sufficiency through entrepreneurship.

Following initiatives have been undertaken to facilitate skill development among women and spur entrepreneurship:-

1. Long Term Skill Development Training via Industrial Training Institutes (ITIs)

2. Short Term Skill Development Training

3. Apprenticeship Training

4. Future jobs and industry-oriented courses

5. Entrepreneurial Initiatives

#skills #training #development #india #womenempowerment

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hallmarkschool · 7 years ago

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BMW & DADS OF HALLMARK AWARDED BY INSPIRE (GOI)

“It was indeed a moment of immense pride and pleasure when the ideas of Blind Magic Walking-stick (BMW) and Driver Alcohol Detection System (DADS) were awarded by INSPIRE MANAK SCHEME, Department of Science and Technology, Government of India. Due to the practical orientation and the resources available at Hallmark, students learn to “make” which, in turn, leads to the development of real-world applications.

It is wonderful to inspire the students to take up tinkering”, expressed Kompal Arora & Mr. Apoorv, ATL Faculty. “After I saw a duplo-wheelchair model in our ATL made by Class II students, an idea struck me to create a range of comfort appliances for handicapped people especially the Blinds. The Blind Magic Walking-stick that we have modeled warns the blinds to be aware of any obstacle in their path by different sound buzzers which work on sensors.

My friends- Bhavya Mittal and Viren Duggal supported me in its innovative design,” shared Armaan S. Jhand, a student of Class IX. “Once, during a discussion on community problems in ATL, we were sharing our concerns about the increased “Drink and Drive Cases”.

An idea just popped into my mind to solve this problem with an enforced implementation of ‘Alcohol-free driving’…! I thought of using MQ3 sensor available in ATL which detects the alcohol level and if the person is drunk, the car engine gets locked. I thank my friends- Prabhav and Rajvansh who supported me in turning the idea into a prototype”, shared Akshat Sindhu, a Class VIII student. “Hallmarkites are nurtured to be self-driven and self-motivated to work upon specific projects to foster solutions to community problems.

With ATL, we are creating a generation of Young Neoteric Innovators with the ‘Yes! I Can.’ attitude and mindset.”- Kavita Wadhwa, Principal, Hallmark. “Atal Tinkering Lab is a platform to nurture student’s curiosity, creativity, and imagination. Students love to create and explore the LEGO and Open-Source kits and innovate new prototypes.” – Mr. Jivtesh Garg, Director, Hallmark.

We at Hallmark Public School crowned as the Best CBSE schools in Panchkula, believe in providing a platform for students to explore and use their creativity. Atal Tinkering Lab is one such platform which enables them to think and apply their learning in a practical manner.

#best school in panchkula #Best schools in Tricity #Top Schools in Panchkula #cbse schools in panchkula

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stemrobo · 3 years ago

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#Tinkering Lab in School #List of Vendors for ATL Lab #ATL Lab equipment #ATL Lab equipment Dealers #Setup Tinkering Lab in School

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wionews · 8 years ago

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GES 2017 Day 1: Men should create opportunities for female entrepreneurs, says Ivanka Trump

![CDATA[

The plenary session is concluded, marks the end of Day 1 at GSE.

Create a climate that enables entrepreneurship, we have already spoken about tax reforms, access to capital and various other things. A person can benefit from our knowledge, I believe a personal guidance and mentoring can help people a lot. Mentorship is essential - Ivanka Trump concluded

I would like to challenge my sisters from Africa, we came here to network and to do business; find partners and opportunities, make a difference. Mentor every young girl and boy, those are going to be our leaders - Skandinaviska Enskilda Banken.

The push has to come from women irrespective, irrespective of their of their fields. Women must keep making conscious efforts to help one another. Women underestimate their skills; knock at every door, look for opportunities, a sensitive government will respond to it - Nirmala Sitharaman.

Entrepreneurs benefit from the support of others, we all must make a goal to help at least one entrepreneur, support them - Marcus Wallenberg

We will make sure that startups get importance while the government gives out tenders and every possible boost. Innovation at district levels should be encouraged. Women must be given loans to start their business. - Nirmala Sitharaman.

Governments cannot keep generating jobs, People are no more looking up at the government for jobs, they are capable of creating jobs. We decided that this spirit of entrepreneurship must be kept up - Nirmala Sitharaman.

Marcus Wallenberg, Skandinaviska Enskilda Banken (SEB), Chairman and Sibongile Sambo, SRS Aviation & SRS Petroleum, Managing Director join the plenary session.

Women have been underrepresented in various fields. Digital literacy is extremely crucial. We must design programmes keeping gender and racial diversity in mind - Ivanka Trump.

Our MUDRA scheme aims to provide easy loans to women, in fact, our Prime Minister once said that he will make sure that women entrepreneurs get easy loans - Nirmala Sitharaman.

If you have a dream to create a product, a service or anything that can change the world, go do it - Ivanka Trump.

Union Defence Minister Nirmala Sitharaman joins the plenary discussion.

Ivanka Trump joins the plenary session.

GES progresses on to panel discussions.

Sushma Swaraj finishes speaking, PM Modi leaves HICC.

A woman is an epitome of courage, women empowerment must be encouraged. I have no doubt that under the leadership of PM Modi and President Trump India and US relations will reach new heights & contribute to global peace & prosperity - Sushma Swaraj.

Minister of External Affairs, Sushma Swaraj takes the stage.

"Come Make in India, We extend our support," PM Modi to foreign entrepreneurs.

You are vehicles to change; each one of you can do something substantial to transform the country. Each of you young Indian entrepreneurs has the ability to create a New India 2022 - PM Modi to Indian entrepreneurs.

Transparent policies and laws essential to promote entrepreneurship. Micro Units Development and Refinance Agency Bank funding the unfunded, helping women entrepreneurs - PM Modi.

My govt has launched the Atal Innovation Mission. We are opening Tinkering Labs in more than 900 schools to promote a culture of innovation and entrepreneurship among children - PM Modi.

India has been an incubator for innovations & entrepreneurship over the ages. Over 800 million potential entrepreneurs in India. Startupindia is a comprehensive action plan to provide support to startups. More than 70 million loans have been transferred to women entrepreneurs:- PM Modi.

GES showcases close ties between India and US - PM Modi.

The theme of 'Women First Prosperity for All' makes GES 2017 special. Women are at the forefront of cooperative movements in India - PM Modi

The power to think differently and ahead of the time for the betterment of the mankind sets entrepreneurs apart, I see that power in India's youth today - PM Modi

The focus areas of GES 2017 - healthcare, digital economy, media & energy - are most relevant and important to mankind today - PM Modi.

More than 50% delegates here at GES are women - PM Modi.

Kalpana Chawla and Sunita Williams were both a part of the US Space Mission. This very city of Hyderabad is home to Saina Nehwal, PV Sindhu, & Sania Mirza, who have brought laurels to India.

Indian women continue to lead in different walks of life. Three out of four oldest High Courts in India are now headed by women judges - PM Modi

GES 2017 brings together innovators, thinkers to propel growth and prosperity - PM Modi

In the city of pearls, the greatest treasure is you, who always strive for a better tomorrow - IvankaTrump to all entrepreneurs.

Women entrepreneurs must have access to capital, networks, resources & equitable laws. Through GES 2017, our aim is to ensure that women are able to innovate, empowered to succeed and enable a better future for our children - Ivanka Trump

Today, more than 11 mn women in the United States own businesses. They employ nearly 9 mn workers and generate over $1 trillion in revenue - Ivanka Trump.

In the last decade, women have made remarkable strides in starting new businesses - Ivanka Trump.

India continues to grow under PM Modi's leadership... Now, your tech centres may even outshine your world-famous Biryani. What you are achieving here is truly extraordinary. From your childhood selling tea to your election as India's Prime Minister, you've proven that transformational change is possible - Ivanka Trump.

I especially want to congratulate the women entrepreneurs present here. I am proud to see that for the first time a majority of 1500 women entrepreneurs are participating in such an event - Ivanka Trump.

Enterprenuers are revolutionising our societies, says Ivanka Trump.

The people of India inspire us all - Ivanka Trump.

PM Modi and Ivanka Trump launch the official GES Logo.

Welcome to the state of Telangana, I hope you will relish the Hyderabadi biryani here - Mr. KC Rao.

Telangana, a favourite destination for tourists. We have a vibrant ecosystem - MR KC Rao.

Telangana Cheif Minister KC Rao takes the stage, addresses the audience.

Cultural events underway at GES 2017.

Cultural events underway at the #GlobalEntrepreneurshipSummit in Hyderabad. http://pic.twitter.com/oCXR37cgNP

— ANI (@ANI) November 28, 2017

A power-packed audience welcomes PM Modi at HICC, GES 2017.

Hon'ble PM @narendramodi and @IvankaTrump greeted with a resounding applause as they arrive at the Inaugural plenary of #GES2017 http://pic.twitter.com/YvPEuEcot3

— NITI Aayog (@NITIAayog) November 28, 2017

GES 2017 welcomes over 1800 delegates from 148 countries.

Defence Minister Nirmala Sitharaman arrives at HICC for the inauguration.

PM Modi and Ivanka Trump tour the virtual exhibition at GES 2017. Each exhibit is a testament to the future of Indian innovation.

Ram Charan Teja, Aditi Rao Hydari, Manushi Chhillar, Sonam Kapoor, Sania Mirza, Mithali Raj, P Gopichand among others will attend the summit.

Ivanka trump with PM Modi and Telangana Chief Minister Mr KC Rao.

PM Modi, #IvankaTrump and Telangana CM KC Rao at the #GlobalEntrepreneurshipSummit in Hyderabad http://pic.twitter.com/6HomgABipq

— ANI (@ANI) November 28, 2017

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Union Defence Minister Nirmala Sitharaman will be speaking at the opening plenary session on 'Be the Change-Women's Entrepreneurial Leadership' today at 5:20 pm. She will be sharing the panel with Ms IvankaTrump and Mr Marcus Wallenberg, Chairman, SEB Group.

The GES 2017 will go a long way in strengthening India-US bilateral ties. Will provide a huge impetus to entrepreneurship in India - NITI Aayog

Ivanka Trump meets Minister of External Affairs, Sushma Swaraj.

Hyderabad: EAM Sushma Swaraj met Ivanka Trump, Advisor to the US President and Leader of the US delegation at #GlobalEntrepreneurshipSummit; MEA says they had a productive discussion on women entrepreneurship and empowerment. http://pic.twitter.com/dVkpZflWmH

— ANI (@ANI) November 28, 2017

Women entrepreneurs are featured prominently at GES 2017! A common ground for the Indian startup industry to connect with GES entrepreneurs, accomplished Indian women business leaders, innovators among others.

Hyderabad is geared up to host over 5000 of the world's best entrepreneurs and investors!

Hyderabad is geared up to host over 5000 of the world's best entrepreneurs and investors! #GES2017 http://pic.twitter.com/kI418J8O4W

— NITI Aayog (@NITIAayog) November 28, 2017

PM Modi meets Ivanka Trump

#WATCH Hyderabad: #IvankaTrump meets PM Narendra Modi on the sidelines of the #GlobalEntrepreneurshipSummit http://pic.twitter.com/Wp3NBbb3hS

— ANI (@ANI) November 28, 2017

Ivanka Trump arrives for the GES Summit.

#WATCH: #IvankaTrump arrives for #GlobalEntrepreneurshipSummit in Hyderabad. #GES2017 http://pic.twitter.com/MOjUlxNQBs

— ANI (@ANI) November 28, 2017

The stage is set for the 2017 Global Entrepreneurship Summit.

Stage is set for the 2017 Global Entrepreneurship Summit. Stay tuned for updates. #GlobalEntrepreneurshipSummit #GES2017 http://pic.twitter.com/EG21SRF4xL

— U.S. Embassy India (@USAndIndia) November 28, 2017

Union Minister of External Affairs, Sushma Swaraj and Union Defence Minister Nirmala Sitharaman shall also attend the summit.

Chanda Kochchar, Managing Director and CEO, ICICI Bank Ltd.; Fashion designer Anita Dongre; Bhavish Aggarwal, CEO, OLA; Kalyan Krishnamurthy, CEO, Flipkart; Radhika Aggarwal, Co-Founder & Chief Business Officer, ShopClues.com; Rajashree Natarajan, Chief Operating Officer, Cognizant Foundation; Tennis Player Sania Mirza are among some of the Indian delegates to speak at the summit.

Over 52.5 per cent of the participants in GES to be women.

Ahead of GES plenary session, PM Narendra Modi inaugurates Hyderabad Metro.

#WATCH Live: PM Narendra Modi inaugurates #HyderabadMetro https://t.co/G5vyc2MrmF

— ANI (@ANI) November 28, 2017

#FLASH PM Narendra Modi inaugurates #HyderabadMetro http://pic.twitter.com/VDbVSYjmPe

— ANI (@ANI) November 28, 2017

Thousands of delegates will soon embark upon this entrepreneurial journey - NITI Aayog

Today's plenary will be moderated by Executive Chairman & Former CEO at Cisco, Mr. John Chambers.

"Today, the attention of the world is on Hyderabad. This city is hosting a prestigious international summit where industry leaders from the world are joining," PM Narendra Modi told reporters at Hyderabad Airport.

Today, the attention of the world is on Hyderabad. This city is hosting a prestigious international summit where industry leaders from the world are joining: PM Narendra Modi at Hyderabad Airport #GES2017

— ANI (@ANI) November 28, 2017

A team of chefs, led by executive Chef Sajesh Nair, will be preparing a five-course Hyderabadi meal for the dinner. Indigenous Hyderabadi ingredients will be used to dish out delectable preparations like Gosht Shikampuri, Qubani ka Malai Kofta among other authentic dishes.

A ride in a horse-drawn carriage and a rose petal shower may also await Ivanka at the regal dinner tonight.

Prime Minister Modi will be hosting a lavish dinner for Ivanka Trump at Hyderabad's Falaknuma Palace later today. The dining hall can seat 101 guests at a time and is also the largest dining hall in the world.

Besides inaugurating the summit, PM Modi is also expected to flag off the first phase of the Hyderabad Metro.

The three-day-long summit will focus on supporting women entrepreneurs with the theme "Women First, Prosperity for All".

#GES2017 by the numbers: Women will represent 52.5 percent of #entrepreneurs, #investors and #ecosystem supporters at GES 2017. This is the first time that women have been the majority of participants at a GES! http://pic.twitter.com/TX6dzlrYZH

— GES2017 (@GES2017) November 26, 2017

GES is co-organised by the NITI Aayog and the government of the United States of America.

Hyderabad is playing host to the first South-Asian edition of the summit.

Secretary Tillerson: #GES2017, the 1st ever to be hosted in South Asia, will be an important opportunity for #India and the U.S. to showcase the entrepreneurship of our people, advance women's economic empowerment, & harness the power of young innovators in both of our countries. http://pic.twitter.com/WgIGnDzAbw

— GES2017 (@GES2017) November 28, 2017

Global Entrepreneurship Summit is co-hosted by India and the US.

Ivanka Trump -- along with Prime Minister Narendra Modi and Telangana Chief Minister K Chandrashekhar Rao -- will inaugurate the Global Entrepreneurship Summit in Hyderabad today.

Ivanka landed in Hyderabad early Tuesday morning.

Hyderabad: #IvankaTrump arrives for the GES 2017. PM Modi to also attend the summit http://pic.twitter.com/JXP4Yd1UVN

— ANI (@ANI) November 27, 2017

Security in the city had been beefed up before her arrival.

Security tightened in Hyderabad ahead of #IvankaTrump and PM Narendra Modi's visit to the city tomorrow http://pic.twitter.com/EFZsxXx5VQ

— ANI (@ANI) November 27, 2017

#Hyderabad: 2,500 security personnel have been deployed in three cordons. Everything is in place: Sandeep Sandilya, CP on #IvankaTrump -PM Modi visit tomorrow http://pic.twitter.com/yVyyVqZKAg

— ANI (@ANI) November 27, 2017

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