MeitY Expenditure Under Digital India At Rs 3,328 Crore In 2018-19

- Advertisement -
- Advertisement -
  • 123 crores (as on June 24, 2019) residents have been provided with biometric-based digital identity as compared to 61 crores in 2013-14
  • Digital payment transactions have grown multi-fold from 316 crore transactions in 2014-15 to 2,182 crore transactions in 2018-19
  • 201 applications with proposed investment of about Rs 52,083 crore have been approved, while 20 applications with proposed investments of about Rs 5,048 crore have been recommended by the Appraisal Committee for approval

The electronics and IT ministry’s expenditure under the Digital India program more than doubled to over Rs 3,328 crore in FY2018-19 from the previous fiscal, Parliament was informed Thursday.

Representative image

The expenditure by the Ministry of Electronics and Information Technology (MeitY) under Digital India program was Rs 1,452.70 crore (FY2015-16), Rs 1,217.65 crore (FY2016-17), Rs 1,407.19 crore (FY2017-18) and Rs 3,328.57 crore (FY2018-19), Electronics and IT Minister Ravi Shankar Prasad said in a written reply to the Rajya Sabha.

Each project has its own budgetary requirement and accordingly, project-plan has been charted out by the implementing Ministry/departments and budget details are being maintained by concerned ministries/departments and states/union territories, the minister said. 

- Advertisement -

Prasad said under the Digital India programme, the Ministry of Electronics and IT (MeitY) has effectively utilised digital technologies to transform the lives of people, while ensuring digital inclusion of all the segments. 

He pointed out that 123 crores (as on June 24, 2019) residents have been provided with biometric-based digital identity as compared to 61 crores in 2013-14. 

Also, digital payment transactions have grown multi-fold from 316 crore transactions in 2014-15 to 2,182 crore transactions in 2018-19. 

Prasad said under the Modified Special Incentive Package (M-SIPS), 201 applications with proposed investment of about Rs 52,083 crore have been approved, while 20 applications with proposed investments of about Rs 5,048 crore have been recommended by the Appraisal Committee for approval. 

(News courtesy: PTI)

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Exclusive: AET Display Says Will Invest Rs 350 Crore In India In Five Years

0
Headquartered in China, the company believes that the Indian market for LED Displays will grow better than in its home country five years from...
teamwork

Team Comes First… Maybe Not

0
The order of priorities may vary, but building a strong team is essential for the long-term success of any startup. By strategically navigating the...

AMU’s Nehal Gupta Says Used EV Market Key To CEV Finance

0
Unlike the used vehicle market, no market exists for used commercial EVs. The former has been one of India's biggest vehicle sales enablers. So,...

Buzz

Samsung Chip

Samsung Launches New Business Division for AI Chips

0
Operating under the Device Solutions (DS) division, the unit's focus is on developing transformative technologies like its 3 nm GAA technology. Samsung Electronics Co., the...
Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

Important Sectors

Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...
Semiconductor

Siemens & Intel Partner To Boost Semiconductor Industry And Sustainability

0
The collaboration will grow the digitalisation and sustainability of microelectronics manufacturing Energy management optimisation and carbon footprints across the value chain will be...

Amkor Announces New Advanced Chip Packaging Facility

0
Amkor to cater diverse sectors such as automotive, high-performance computing, and mobile applications The company has applied for funding from the CHIPS program,...

Octopus EV Secures $700M For Employee EV Expansion

0
Octopus Electric Vehicles offers a "salary sacrifice" program, enabling drivers to save up to 40% on a new EV by deducting payments from their...

Manufacturing

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

High-Level Executives Announce Their Departure from Stellantis

0
This declaration was made just half a year after Mahajan's elevation to the position of Sales and Marketing Director for the ASEAN markets at...

Foxconn to Expand its Footprint in India

0
This investment follows Foxconn's withdrawal from a $19.5 billion chipmaking joint venture in India. Hon Hai Precision Industry Co., also known as Foxconn Technology, plans...

Toyota Group Announces Sale Of Denso Shares Worth US$ 4.7 Billion

0
The stake sale occurs as the Japanese giant accelerates its electric vehicle production. Toyota Motor and its affiliates, Toyota Industries and Aisin are set to...

Union Industry Minister Piyush Goyal Meets Micron CEO for Expansion in India

0
He also met with entrepreneurs and VCs who can contribute to India’s growing talent in technological areas such as artificial intelligence. India's Commerce and Industry...