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India BPO Promotion Schemes IBPS: Details, Aim, Purpose
India's BPO Promotion Schemes IBPS: Details, Objectives, Purpose
The BPO Promotion Schemes (IBPS) was authorised under Digital India Programme to incentivize BPO/IT- ITES operations sector in India. It was launched in 2014.
The BPO Promotion Schemes (IBPS) aims to incentivize establishment of BPO firms and their extension to Tier II and Tier III cities (as per census 2011) to provide employment, distributed across various states in proportion to the population of the state with financial support in form of Viability Gap Funding (VGF).
The Software Technology Parks of India (STPI), an autonomous society of MeitY is nodal implementing agency of the scheme. It will be implemented to incentivize setting up of BPO/ITES operations across the country (excluding certain cities and north eastern states which are covered separately under North-East BPO Promotion Scheme).
Objectives
Create employment opportunities for the youth, by promoting IT/ITES industry particularly by setting up BPO/ITES operations.
Promotion of investment in IT/ITES sector in order to expand the base of IT Industry and secure balanced regional growth.
Under the scheme, financial support up to 50% of expenditure towards Capital Expenditure (Capex) and/or Operational Expenditure (Opex) is provided subject to upper limit of Rs. 1 Lakh/seat. Moreover, special incentives are given for employing women and persons with disability (PwDs), employment generation beyond the target and wider dispersal within state. It also gives special consideration for hilly areas and rural areas and also to local entrepreneurs
