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.
Explore More

Popular Speeches

Media Coverage

Nm on the go

The Prime Minister, Shri Narendra Modi interacted with G20 ground level functionaries at Bharat Madapam yesterday.
Many senior journalists posted the moments of the interaction on X.
The Prime Minister reposted following posts
Prime Minister @narendramodi meets security forces responsible for successful #G20Bharat recently. Dozens of drivers even learnt left-hand driving skills. Listen to this experience from a CRPF Constable who was driving a senior Mexico Minister. pic.twitter.com/18hoqoAehD
— Aditya Raj Kaul (@AdityaRajKaul) September 23, 2023
#G20Summit2023
— Janak Dave (@dave_janak) September 23, 2023
माँ के निधन के समाचार बावजूद ड्यूटी को दी पहली प्राथमिकता. pic.twitter.com/D0LrHGf4Xy
#G20Summit2023 के दौरान
— Janak Dave (@dave_janak) September 23, 2023
खूबसूरत दिल्ली बनाने मैं जुटे एक कर्मी की कहानी सुने. pic.twitter.com/CXmY1jg72Z
Must watch conversation and response by PM @narendramodi
— Naveen Kapoor (@IamNaveenKapoor) September 23, 2023
A wife’s response on her husband’s long duty hours & PM Modi’s take on it.. pic.twitter.com/DtTTWY8XSn
Amid the buzz of G20, many minor things are worth noticing. How CRPF personnel learnt to drive a left hand vehicle. Driver of Mexico's economy minister Raquel Buenrostro Sanchez explains his experience to PM Modi at Bharat Mandapam yesterday. pic.twitter.com/es0roXdMRG
— Sidhant Sibal (@sidhant) September 23, 2023
Sub-Inspector Pinky Rani, assigned to duty with Türkiye President's wife Emine Erdoğan, recalls an incident where she utilized the G20 app's language translation feature to assist the first lady in understanding information about a particular piece of clothing. pic.twitter.com/4yhGwf1Zyf
— Sidhant Sibal (@sidhant) September 23, 2023
Insp Suresh Kumar Delhi Police. On Security Duty at Bharat Mandapam. On duty learnt his mother suffered a heart attack. He stayed on VVIP duty serving *Mother India*@PMOIndia thanks him for his service to Bharat Mata.
— GAURAV C SAWANT (@gauravcsawant) September 23, 2023
Our civilisational ethos:
जननी जन्मभूमिश्च स्वर्गादपि गरीयसी pic.twitter.com/naytaEgbzQ