শেয়ার
 
Comments
Cabinet chaired by PM Modi approves grant of Permanent Residency Status to Foreign Investors
Cabinet clears PRS scheme to encourage foreign investment in India and facilitate ‘Make in India’ Programme

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified by the Government from time to time.

The scheme is expected to encourage foreign investment in India and facilitate Make in India Programme. Under the Scheme, suitable provisions will be incorporated in the Visa Manual to provide for the grant of PRS to foreign investors.

The PRS will be granted for a period of 10 years with multiple entry. This can be reviewed for another 10 years if the PRS holder has not come to adverse notice. The scheme will be applicable only to foreign investors fulfilling the prescribed eligibility conditions, his/her spouse and dependents. In order to avail this scheme, the foreign investor will have to invest a minimum of Rs. 10 crores to be brought within 18 months or Rs.25 crores to be brought within 36 months. Further, the foreign investment should result in generating employment to at least 20 resident Indians every financial year.

Permanent Residency Status will be granted for a period of 10 years initially with multiple entry facility, which can be renewed for another 10 years. PRS will serve as a multiple entry visa without any stay stipulation and PRS holders will be exempted from the registration requirements. PRS holders will be allowed to purchase one residential property for dwelling purpose. The spouse/ dependents of the PRS holder will be allowed to take up employment in private sector (in relaxation to salary stipulations for Employment Visa) and undertake studies in India.

'মন কি বাত' অনুষ্ঠানের জন্য আপনার আইডিয়া ও পরামর্শ শেয়ার করুন এখনই!
২০ বছরের সেবা ও সমর্পণের ২০টি ছবি
Explore More
জম্মু ও কাশ্মীরে নওশেরায় দীপাবলী উপলক্ষে ভারতীয় সশস্ত্র বাহিনীর জওয়ানদের সঙ্গে প্রধানমন্ত্রীর মতবিনিময়ের মূল অংশ

জনপ্রিয় ভাষণ

জম্মু ও কাশ্মীরে নওশেরায় দীপাবলী উপলক্ষে ভারতীয় সশস্ত্র বাহিনীর জওয়ানদের সঙ্গে প্রধানমন্ত্রীর মতবিনিময়ের মূল অংশ
Centre approves 23 interstate transmission projects costing ₹15,893 crore

Media Coverage

Centre approves 23 interstate transmission projects costing ₹15,893 crore
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM pays tributes to eminent stalwarts of Constituent Assembly to mark 75 years of its historic first sitting
December 09, 2021
শেয়ার
 
Comments

The Prime Minister, Shri Narendra Modi has paid tributes to eminent stalwarts of Constituent Assembly to mark 75 years of its historic first sitting.

In a series of tweets, the Prime Minister said;

"Today, 75 years ago our Constituent Assembly met for the first time. Distinguished people from different parts of India, different backgrounds and even differing ideologies came together with one aim- to give the people of India a worthy Constitution. Tributes to these greats.

The first sitting of the Constituent Assembly was Presided over by Dr. Sachchidananda Sinha, who was the eldest member of the Assembly.

He was introduced and conducted to the Chair by Acharya Kripalani.

Today, as we mark 75 years of the historic sitting of our Constituent Assembly, I would urge my young friends to know more about this august gathering’s proceedings and about the eminent stalwarts who were a part of it. Doing so would be an intellectually enriching experience."