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Budget Highlights 2020-21 - Industry, Commerce and Investment
- National Technical Textiles Mission:
- With four-year implementation period from 2020-21 to 2023-24.
- At an estimated outlay of Rs 1480 crore.
- To position India as a global leader in Technical Textiles.
- NIRVIKscheme for exporters to achieve higher export credit disbursement, which provides for:
- Higher insurance coverage.
- Reduction in premium for small exporters.
- Simplified procedure for claim settlements.
- This scheme is expected to support the export of around Rs. 30 Lakh Crores in 5 years.
- It is also proposed to launch a scheme to encourage the manufacture of mobile phones, electronic equipment, and semiconductor packaging.
- Turnover of Government e-Marketplace (GeM) proposed to be taken to Rs 3 lakh crore.