India BPO Promotion Scheme 2023

Features of Indian BPO Promotion Scheme (India BPO Promotion Scheme Features) :-
The main features of this scheme are as follows –

Development of BPO and IT sector :-
To bring new developments in the IT and BPO industry, the Central Government is motivating people to open offices where such services will be offered. With this project, industrialists who want to start work in this field will also be promoted.

Creating employment opportunities:-
With the successful implementation of this scheme, the Central Government will be able to offer 2 lakh new jobs in the IT and BPO sector.

Employment in own city:-
The main objective of this scheme is not only to generate new employment opportunities but also to ensure starting of BPOs in small cities. This will eliminate the need for people to live and work in big cities.

Total seats :-
Initially, a target was set to generate 48,300 seats under this scheme. Now, with the new announcement this target has been increased to generate 1 lakh seats. So far, the Central Government has been successful in allotting 31,732 seats in 2-tier and 3-tier towns.

Starting data center :-
In the announcement made by the concerned ministry, the construction of a new national data center in Bhopal city has also been mentioned. Once completed, it will be the largest data center in the nation. Currently 4 data centers are located in Pune, Delhi, Hyderabad and Bhubaneswar.

Financial assistance to office owner :-
Under this scheme, any person who wants to open an office in BPO's or ITES sector will be given one time financial assistance by the Central Government. They can get up to 50% of the total expenses incurred in starting the office. But the selling price of this financial will be Rs 1 lakh for each seat.

Opportunities to get special incentive amount:-
If the office owner provides employment to women or physically challenged people, the act will be rewarded with additional incentive amount of 5% and 2% respectively under this scheme. In this situation, 50% of the total employees should be women, and at least 4% should be disabled employees.

Additional incentives for better results :-
If the BPO owner is successful in generating more job opportunities, he can get additional incentives from the Central Government under this scheme. In this situation the office owner can get an incentive of 5% to 10%.

To encourage local industries:-
To ensure that people from each state remain in that sector, the Central Government will put pressure on business owners located in that respective state to encourage them to open new BPOs.

Special considerations for hilly areas:-
It is known to all that there are not enough employment opportunities for educated and trained youth in hilly areas. Due to which thousands of youth are forced to migrate to the plains in search of suitable jobs. The central government wants to end this trend by creating business opportunities in the hilly areas. For this, all BPO's owners who want to open offices in hilly areas can get special packages. This offer is only for north-eastern hilly areas like Uttarakhand, Himachal Pradesh and Jammu and Kashmir states.

Eligibility Criteria for Indian BPO Promotion Scheme (India BPO Promotion Scheme Eligibility Criteria)
To become a part of this scheme, it is very important to adopt the following eligibility criteria –

It has been mentioned in this scheme that only private limited, limited and sole proprietorship companies are able to apply for it.
To get financial assistance under this scheme, it is mandatory for every company to have a strength of at least 100 employees.
According to this scheme the company should be able to continue holding the office for at least 3 consecutive years.
It has also been mentioned in this draft scheme that the turnover of each applying company should not be less than Rs 2 crore for the first 3 years. Only those companies having strength of 50 employees and starting business in hilly areas can avail the benefit of this scheme even if their turnover is less than Rs 1 crore.
This scheme emphasizes on starting BPO companies in small towns. Cities like Pune, Bengaluru, Mumbai, Chennai, Kolkata, Hyderabad and NCR will be kept out of this scheme. Thus, companies located in small towns are able to avail the financial and other benefits offered in this scheme.