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.