(The Gist of PIB) Indian Development Assistance Scheme (IDEAS) [JULY-2019]

Indian Development Assistance Scheme (IDEAS)

• The Union Finance Minister proposed that the IDEAS scheme will be revamped during the current financial year.

Key highlights of Budget Speech:

• Aadhaar Card for NRIs: The Union Finance Minister proposed to consider issuing Aadhaar Card for Non-Resident Indians with Indian Passports.
• Indian Development Assistance Scheme (IDEAS): The IDEAS scheme will be revamped during the current financial year.
• Indian Development Assistance Scheme (IDEAS) provides concessional financing for projects and contributes to infrastructure development and capacity building in the recipient developing countries.
• New Embassies: In Financial Year 2019-20, Government intends to open four new Embassies and High Commissions abroad in countries where India does not have a Resident Diplomatic Mission.
• World class tourist destinations: Government is developing 17 iconic tourism sites into world class tourist destinations.
• These sites will lead to increase visits of both domestic and international tourists at these destinations.
• She also proposed to launch a Mission that will integrate India’s traditional artisans and their creative products with global markets.
• Wherever necessary patents and geographical indicators, will be obtained for them.

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Courtesy: PIB